Bitcoin Veteran Stakes $2.55 Billion in Ethereum After Leveraged Position Closure

A seasoned Bitcoin investor has taken a significant step by staking an impressive $2.55 billion worth of Ethereum (ETH). This move follows the closure of previously leveraged positions, allowing the investor to secure gains from a recent market rise and initiate a major new position in the cryptocurrency. 544,977 ETH were staked shortly after a $42.5 million profit was made by exiting a previously held long Ethereum contract.