BitMine has staked $1 billion worth of Ethereum within 48 hours, significantly impacting the network's validator queue. This rapid influx has extended wait times for new validators to nearly 13 days, indicating a potential supply tightening in the Ethereum market. The firm's strategy aligns with value investing principles, as the increased staking activity reduces ETH liquidity and widens the gap between entry and exit requests. With inflows nearly doubling outflows, this move could benefit long-term Ethereum investors by potentially driving up prices due to reduced supply.
BitMine Stakes $1 Billion in ETH, Extending Validator Queue
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