Major institutional player Bitmine has significantly expanded its Ethereum position with a fresh injection of 86,400 ETH into its staking pool—a move representing over $266 million in value. The firm's total staked holdings now stand at an impressive 1.08 million ETH, translating to roughly $3.33 billion in assets. This substantial accumulation paints a compelling picture: major market participants aren't just hodling Ethereum, they're actively betting on it through staking mechanisms. Such concentrated buys from seasoned players often signal strong conviction about the network's long-term prospects and revenue potential. When institutions of Bitmine's caliber double down on ETH staking, it typically reverberates across the market—especially during uncertain periods. The move underscores how the Ethereum ecosystem continues attracting serious capital, with staking rewards becoming an increasingly important component of institutional portfolios in crypto.