BitMine Expands Ethereum Staking Amid Rising Institutional Demand

According to Cointelegraph, BitMine Immersion Technologies has significantly increased its Ethereum staking activities by adding 82,560 Ether, valued at approximately $259 million, to the network's staking system. This move has intensified congestion in the validator entry queue as institutional interest in yield continues to grow. Data from Arkham indicates that BitMine made several large deposits to Ethereum's BatchDeposit contract recently. With this new addition, BitMine's total staked Ether has reached 544,064, valued at around $1 source: https://www.binance.com/en/square/post/34579157945226?utm_source=BinanceNewsRSS