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▲ Ethereum (ETH)
BitMine, a major holder of Ethereum (ETH), is intensifying its aggressive profit strategy by committing over 74% of its holdings to staking.
According to cryptocurrency media outlet U.Today on April 25 (local time), BitMine recently staked an additional $259 million worth of Ethereum, raising its staking proportion to 74.38% of its total holdings.
According to data from on-chain analytics firm Lookonchain, this staking, involving approximately 112,040 ETH, was carried out in multiple transactions. This brings BitMine's total staked amount to 3,701,589 ETH, virtually approaching the level of depositing most of its held assets into the network.
BitMine, the world's largest Ethereum treasury company led by Tom Lee, has been continuously performing large-scale staking in recent days, attracting market attention. The expansion of staking is interpreted as a strategy aimed at maximizing profits while contributing to network security.
Notably, these assets were confirmed to have been staked through Coinbase Prime. This is considered a facet of changing market structure, as large institutional funds are participating in the Ethereum network using centralized infrastructure.
Industry analysis also suggests that BitMine is effectively moving towards staking its entire holdings. This reflects a strong conviction in Ethereum's long-term value appreciation and is interpreted as a positioning to maximize profits in the event of future price increases.
Amid observations that Ethereum is preparing to enter a major uptrend based on on-chain indicators, attention is drawn to how BitMine's aggressive staking strategy will affect future market trends.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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