In a powerful display of long-term conviction within the cryptocurrency sector, two significant staking announcements have emerged, highlighting strategic capital allocation by both a major institutional player and a core project team.
Bitmine, a cryptocurrency investment firm, has staked an additional 171,264 Ethereum (ETH), valued at approximately $500 million, as verified by on-chain data analyst Onchain Lens on March 21, 2025. This move elevates Bitmine's total staked Ethereum holdings to a formidable 1,943,200 ETH, representing an estimated total value of $5.73 billion. This positions Bitmine as a dominant validator, controlling a significant portion of the network's staked supply, which exceeds 32 million ETH. The firm earns an estimated annualized yield of 3-4% on its staked assets.
Analysts view this as a strong institutional bullish signal, indicating a commitment to harvesting protocol-native yield while betting on Ethereum's long-term appreciation. Lena Schmidt, a lead researcher at CryptoMetrics Lab, noted, "Bitmine's action is a textbook example of institutional capital allocation in a mature crypto asset... This behavior is becoming a cornerstone of corporate treasury strategy for crypto-native firms." The stake reduces liquid ETH supply and increases the network's economic security, though it also concentrates validation power.
Separately, the Web3 social infrastructure platform Uxlink announced on April 15, 2025, that its core team has staked its entire allocation of 10.9 million UXLINK tokens. This amount constitutes precisely 1.09% of the token's total supply. The action followed the token unlock from Campaign Season 6, during which strategic investors also staked approximately 10 million tokens.
The combined staking activity from that period reached 21,248,219 UXLINK (about 2% of total supply), bringing the ecosystem-wide total staked to 31,428,692 tokens, or 3.1% of the entire supply. Uxlink explicitly stated that UXLINK remains "severely undervalued relative to its roadmap," framing the staking as a foundational commitment for its next phase of growth involving social infrastructure and AI agents. The move aligns the team's financial interests with network security and is seen as a mechanism to build trust and reduce immediate sell-side pressure.
