Rewards Hub Bitmine has significantly increased its Ethereum staking, with over 70% of its holdings now staked. According to on-chain data analyst Yu Jin, Bitmine recently restaked 140,400 ETH, valued at approximately $282 million. This brings Bitmine's total staked ETH to 3,037,859 out of its 4,325,738 ETH holdings.
At the current annual staking yield of 2.8%, Bitmine is set to earn an annual interest income of 85,000 ETH, equivalent to about $172 million. This translates to an average daily income of 233 ETH, or approximately $470,000.
Bitmine Stakes Over 70% of ETH Holdings, Earning 85,000 ETH Annually
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