institutional Ethereum staking

The Ethereum Foundation quietly sold 10,000 ETH to BitMine Immersion Technologies via an OTC deal worth up to $23.87M — and it’s part of a deliberate treasury strategy shift that began in June 2025. BitMine now holds 4.21% of all ETH in existence, with 70% of it actively staked on the Beacon Chain. Here’s the full breakdown of what happened, why it matters, and what comes next for Ethereum’s decentralization.