Ethereum treasury management company Bitmine has been making frequent moves recently. According to on-chain data, the organization has recently purchased a large amount of 24,068 ETH within the past 10 hours, with a transaction value of approximately $80.57 million.

What’s even more noteworthy is their layout in the staking sector — they have currently staked over 1.7 million ETH, with a total value of about $5.65 billion. This figure accounts for 40% of their total ETH holdings(4.17 million), indicating that Bitmine is adopting a quite aggressive strategy to expand in the Ethereum ecosystem. This reflects institutional investors’ confidence in the long-term value of ETH, while also generating returns through staking.