BitMine Ethereum staking reaches 2 million coins, with annualized returns potentially exceeding $164 million

ETH3,73%

ChainCatcher Message, BitMine disclosed that in the past week, an additional 40,302 ETH were accumulated, bringing the total holdings to 4.24 million ETH, accounting for 3.52% of the circulating supply. Of these, 2.009 million ETH are staked. Based on a 2.81% compound Ethereum staking rate (CESR), the annualized yield reaches $164 million.

Tom Lee stated that if all ETH were staked, the annual revenue would reach $374 million, exceeding $1 million per day. The company plans to establish its own validator node infrastructure in the United States by 2026.

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