Digital asset management firm Bitmine has significantly bolstered its Ethereum reserves, regaining the position as the largest holder. The company now holds 566,800 ETH, signaling substantial institutional interest in the leading smart contract platform.
This accumulation coincides with ongoing upgrades to the Ethereum network. These technical enhancements are widely observed to be shaping overall liquidity and influencing investor sentiment within the ecosystem.
Notably, a historic volume of Ethereum is currently awaiting exit. Data indicates a queue of 637,450 ETH slated for unstaking. This substantial backlog imposes an estimated wait time of approximately 11 days for unstaking requests to be processed on-chain.