They’re not just holding ETH—they’re locking it up. It’s a pretty bold move, especially when you look at what’s happening everywhere else. While most investors are getting nervous and pulling back because of the shaky global outlook, BitMine is piling on. They grabbed another 40,202 ETH, pushing their total stash to a massive 4.2 million ETH.
But here’s where it gets gutsy. According to Lookonchain, BitMine staked another 209,504 ETH, so now they’ve locked up 2,218,771 ETH in total. That’s more than half—actually, 52%—of their entire treasury, now stuck and untouchable for a while.
So, is this a genius move or just reckless? Time will tell, but BitMine just gave Ethereum its loudest endorsement from Wall Street yet.
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