Based on Crypto.News, Bitmine deposited 74,880 ETH (worth approximately $219 million) into Ethereum’s Proof-of-Stake protocol on December 27, marking its first staking operation. The company, which holds 4.066 million ETH in treasury, aims to generate yield from its holdings. At an estimated 3.12% annual percentage yield, staking the full treasury could generate roughly 126,800 ETH per year, valued at around $371 million based on current prices. Bitmine’s initial deposit tests staking infrastructure ahead of a potential full commitment.
Bitmine Deposits $219M ETH into Ethereum PoS for Staking Yield
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Summary
Bitmine deposited 74,880 ETH (about $219 million) into Ethereum’s PoS on December 27, its first staking move. The firm holds 4.066 million ETH in treasury. At 3.12% APY, full staking could yield 126,800 ETH annually, worth $371 million. The deposit tests staking infrastructure ahead of a possible full rollout. ETH price remains a key factor for future decisions. ETH analysis suggests staking could boost long-term returns.
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