Staking activity alert: Bitmine, managed by industry figure Tom Lee, has added another 82,560 ETH (worth approximately $259 million) to its staking portfolio. This brings their total ETH staking position to 544,064 tokens—a holdings worth around $1.62 billion in current market terms.

Such substantial staking moves from major players signal confidence in Ethereum's long-term value proposition. When institutional-scale wallets lock up this volume, it typically reflects conviction in both the network's fundamentals and potential upside from proof-of-stake rewards. The scale of this accumulation is worth tracking, especially in the current market environment where staking has become a core strategy for yield-conscious investors holding significant ETH positions.