According to on-chain data tracked by Lookonchain on January 27th , BitMine – one of the institutions holding a large amount of Ethereum on the market – continued to Stake an additional 209,504 ETH, equivalent to approximately $610 million, in just the past 24 hours.
This latest move brings BitMine's total ETH Staking to 2,218,771 ETH , worth approximately $6.52 billion , representing over 52% of the company's total ETH holdings. This is one of the highest Staking ratios ever recorded for a large-scale institution.
Long-term return optimization strategy
The continuous increase in Staking ratios shows that BitMine does not XEM ETH simply as a short-term speculative asset, but is positioning Ethereum as a long-term cash flow generating asset through the Staking mechanism of the Proof-of- Stake network. With stable Staking yields, this strategy allows BitMine to both accumulate ETH and generate passive income from network validation rewards.
Amidst signs of cooling global interest rates and institutional Capital increasingly seeking sustainable, high-yielding assets, Ethereum Staking is gradually becoming an alternative asset management tool for large-scale crypto holding institutions.
Impact on the circulating supply of ETH
The fact that over 2.2 million ETH are locked in Staking means a large amount of ETH is being withdrawn from the circulating supply, reducing potential selling pressure. If this trend continues to be replicated by other institutions, the supply and demand structure of ETH could change significantly in the medium and long term.
Furthermore, recent on-chain data also shows that the amount of ETH Stake across the network is maintaining a record high, reinforcing Ethereum's Vai as a decentralized financial infrastructure for institutions, rather than just a platform for individual users.
A signal of confidence in the Ethereum ecosystem.
