Ethereum has reached a milestone as nearly 30% of its circulating supply is locked in staking, underscoring growing conviction in the network’s move to a proof-of-stake model. The stake translates to about $120 billion of ether staked, signaling a substantial bet on Ethereum’s long-term viability and security.
Bitmine has added another $600 million to its Ethereum position, bringing its total staked ether to roughly $6 billion — close to half of its roughly $13 billion in total crypto holdings. This level of participation from a major treasury player reinforces the role of large institutions in the staking ecosystem and could influence future staking dynamics.
Analysts have been weighing the implications for price, with some noting that Ethereum’s staking momentum aligns with expectations of further upside. In particular, Standard Chartered has highlighted the potential for Ethereum to outperform Bitcoin and to reach as high as $40,000 per token by 2030, as institutional demand and network fundamentals converge.
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