BitMine stakes 342,560 ETH worth over $1B, extending validator entry wait times

BitMine Immersion Technologies staked 342,560 ETH valued at over $1 billion in the two days leading up to Sunday, according to Lookonchain. Validator queues lengthened, with 739,824 ETH awaiting entry over 12 days and 20 hours, while 349,867 ETH face a 6-day, two-hour exit, per validatorqueue. Other corporate holders are also staking large balances to earn passive yield.