01 - Preheat the oven to 325°F.
02 - Pat the beef dry and season generously with salt and black pepper.
03 - Heat olive oil in a large Dutch oven over medium-high heat. Brown the beef in batches until evenly seared on all sides, then remove and set aside.
04 - In the same pot, reduce heat to medium and add butter, onion, carrots, and celery. Sauté for approximately 5 minutes until vegetables soften. Add garlic and cook for 1 additional minute.
05 - Stir in tomato paste and cook for another minute to develop flavor.
06 - Pour in red wine, scraping up browned bits from the bottom of the pot, and simmer for 2 minutes to reduce slightly.
07 - Return beef to the pot. Add beef broth, thyme, rosemary, and bay leaves. Bring mixture to a gentle simmer.
08 - Cover tightly and transfer the pot to the preheated oven. Cook for 2 to 2.5 hours or until the beef is tender when pierced with a fork.
09 - Remove herb sprigs and bay leaves. Adjust seasoning with salt and pepper as needed.
10 - Serve hot accompanied by mashed potatoes, polenta, or crusty bread.