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Bitmine Stakes 74,880 ETH for Yield, Potential Annual Interest Could Reach $371M

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ETH
$2,929.32-0.13%
Bitmine has staked 74,880 ETH (worth $219 million) into Ethereum’s PoS system, marking its first staking activity. The firm holds 4.066 million ETH. At the current APY of 3.12%, full staking could generate 126,800 ETH in annual interest, valued at $371 million based on the ETH price of $2,927. ETH analysis suggests staking remains a key income strategy for large holders.
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