BitMine stakes $259M more ETH, pushing validator entry queue near 1M Ether
BitMine Immersion Technologies has added another 82,560 Ether, worth roughly $259 million, to Ethereum’s staking system, intensifying congestion in the network’s validator entry queue as institutional demand for yield continues to build.
Lee said the company’s share price closely tracks ETH and modeled scenarios in which Ether reaches $250,000 if Bitcoin climbs to $1 million, a level that would push BitMine shares to prices he believes would price out most retail investors.
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