While Bitcoin continues to trade as a macro asset, something important is quietly developing on Ethereum.
Large ETH holders are beginning to activate yield instead of remaining fully idle.
On-chain data shows that BitMNR, the largest known Ethereum treasury, has entered ETH staking for the first time by depositing roughly 74,880 ETH into proof-of-stake.
This is less about yield and more about mindset.
Ethereum is increasingly being treated as a productive financial asset, not just a speculative one.
Treasury behavior tends to change before narratives do.