Recently, I came across an interesting data point: Bitmine Immersion bought an additional 44,463 ETH in the past week. This pace is not slow.
Let's do some calculations—by December 28th, this institution's total ETH holdings have surged to over 4.1 million, accounting for 3.41% of the total supply of the Ethereum network. This proportion is quite significant and, to some extent, indicates the institution's continued optimism about this blockchain.
What’s even more noteworthy is that they have staked over 400,000 ETH. The act of staking is very important, as it shows they are not just holding coins to watch from the sidelines but are actively participating in network validation and ecosystem development. According to plans, Bitmine will launch its own validation network MAVAN in the first quarter of next year, which demonstrates that they are not just holders but also want to contribute to the infrastructure.
This combination of continuous accumulation, staking, and building their own validation network somewhat reflects market participants' confidence in Ethereum's long-term ecosystem.
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GamefiHarvester
· 9h ago
Whoa, 4.1 million ETH? This guy is really all in, staking and even building his own validation network. This isn't just gambling, it's true conviction.
Let's see if it can double in one quarter, anyway I can't keep up with this pace.
Staking 400,000 tokens, how sweet would those returns be...
Institutions' combined tactics are really ruthless; retail investors can only watch.
Feels like he's just looking for backing to bottom out himself. Forget it, I'll stay on the sidelines.
The data looks good, but could this be just another story before a harvest?
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GasFeeGazer
· 9h ago
Bro, this pace really is a bet on ETH
The institutions' move is a bit aggressive, staking + self-built validation, really optimistic about the ecosystem
But 4.1 million tokens are just okay, still a bit behind some whales
MAVAN will launch in Q1 next year, we'll see how it goes then
It indeed reflects long-term confidence, but I'm more concerned about when the spot price will take off
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TradingNightmare
· 9h ago
Whoa, 4.1 million ETH? This guy isn't joking, he's really going all in on Ethereum.
Staking over 400,000 and building a validation network himself—this is definitely a big move. But then again, whether such institutional-level actions can really pump the market is still uncertain.
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DAOdreamer
· 9h ago
Oh my god, over 4.1 million ETH still to be accumulated. This guy really isn't afraid of holding it in hand.
Bitmine's operation is indeed ruthless, staking + self-built validation, not here to cut leeks, but truly wanting to take root in the ETH ecosystem.
Speaking of this 3.41% share... you must have a lot of confidence to stack like this.
But on the other hand, if institutions play like this, can retail investors keep up?
If MAVAN really spreads out, ETH's infrastructure will have to be reshuffled again.
This pace is a bit outrageous, feeling like it's racing to get ahead of something.
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VCsSuckMyLiquidity
· 9h ago
Wow, 4.1 million ETH? Is this really an all-in move?
Wait, staking 400,000 and building a validation network yourself? This isn't confidence, it's about wanting to control the narrative.
The institutions' moves here are truly a bet, not just hype.
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PriceOracleFairy
· 9h ago
ngl, watching institutions actually *build* instead of just hodl bags hits different... that staking commitment is the real alpha signal here, not the raw eth numbers
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CryptoCross-TalkClub
· 9h ago
Laughing out loud, 4.1 million ETH, this guy is really optimistic. Our retail investors are still debating whether to add an extra 0.01.
Staking 400,000 tokens and building a validation network yourself—this attitude isn't just holding coins and watching; it's preparing to eat.
To put it simply, institutional big players play like this, and we retail investors can only follow the trend and speculate.
Recently, I came across an interesting data point: Bitmine Immersion bought an additional 44,463 ETH in the past week. This pace is not slow.
Let's do some calculations—by December 28th, this institution's total ETH holdings have surged to over 4.1 million, accounting for 3.41% of the total supply of the Ethereum network. This proportion is quite significant and, to some extent, indicates the institution's continued optimism about this blockchain.
What’s even more noteworthy is that they have staked over 400,000 ETH. The act of staking is very important, as it shows they are not just holding coins to watch from the sidelines but are actively participating in network validation and ecosystem development. According to plans, Bitmine will launch its own validation network MAVAN in the first quarter of next year, which demonstrates that they are not just holders but also want to contribute to the infrastructure.
This combination of continuous accumulation, staking, and building their own validation network somewhat reflects market participants' confidence in Ethereum's long-term ecosystem.