Ethereum treasury management firm Bitmine is very active. Recently, they made a large purchase of 24,068 ETH through FalconX in just 10 hours, spending approximately $80.57 million. This transaction reflects the continued optimism of institutions towards Ethereum.

What’s more noteworthy is Bitmine’s recent staking strategy. As of now, they have locked over 1.7 million ETH for staking, worth up to $5.65 billion. Considering their total ETH holdings of 4.17 million, the staked portion accounts for about 40%. This figure indicates that the institution is not only accumulating coins but also earning stable income through staking, demonstrating a deep level of participation in the Ethereum ecosystem.