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On-chain data shows that BitMine has been active repeatedly, this time investing another 86,848 ETH, with a market value of $279 million. Including previous holdings, this institution's ETH staking scale is already quite remarkable—over 1.77 million ETH in total, with a total value exceeding $5.6 billion. Such a scale is hard not to attract attention in the staking ecosystem and also reflects the institution's optimistic outlook on the long-term value of Ethereum.