Bitmine has staked an additional 61,232 ETH, valued at approximately $142 million, bringing its total staked Ethereum to 3,395,869 ETH, worth $7.88 billion. This move underscores Bitmine's strategy of locking a significant portion of its holdings into the Ethereum network, with 68.24% of its total ETH now staked. This action removes a substantial amount of Ethereum from the liquid market, indicating a long-term commitment to the network. Ethereum's price remains below $2,400, consolidating as the market awaits further direction. Despite recent volatility, ETH has reclaimed the $2,300–$2,400 range, a critical level that has historically acted as both support and resistance. The market's next test lies in the $2,800–$3,200 range, where key moving averages continue to pose resistance. Bitmine's staking activity highlights a structural shift in Ethereum's supply dynamics, as the company embeds itself deeper into the network's infrastructure.