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A major player just moved big on ETH staking. Over the past day, approximately $340M in Ethereum was locked into staking through Bitmine, signaling serious long-term conviction. The cumulative stake now sits at an eye-watering $3.69B—representing nearly 1% of Ethereum's total supply.
This is noteworthy because it reflects institutional confidence in Ethereum's proof-of-stake model. The scale here matters: when that much capital commits to staking rewards over validators, it sends a message about belief in network sustainability. The question everyone's asking? Will the entire position eventually be locked in? These numbers suggest this is just the beginning.