"Staked all Ethereum"...BitMine makes an additional $250 million bet

▲ Ethereum (ETH)

BitMine, a large holder of Ethereum (ETH), is strengthening its aggressive profit strategy by committing over 74% of its holdings to staking.

According to crypto media outlet U.Today on April 25 (local time), BitMine recently staked an additional $259 million worth of Ethereum, raising its staking ratio to 74.38% of its total holdings.

Data from on-chain analytics firm Lookonchain shows that this staking involved approximately 112,040 ETH and was conducted in multiple tranches. 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, led by Tom Lee, is one of the world's largest Ethereum treasury firms and has been attracting market attention by consistently undertaking large-scale staking in recent days. 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 strong confidence in Ethereum's long-term value appreciation and is interpreted as a positioning to maximize profits when prices rise in the future.

Amid observations that Ethereum is preparing to enter a major uptrend based on on-chain metrics, attention is focused on how BitMine's aggressive staking strategy will impact future market trends.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*