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Bitmine Stakes 74,880 ETH, Projects $371M Annual Yield

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$2,922.410.29%
Bitmine stakes 74,880 ETH into Ethereum’s proof-of-stake network, projecting an annual yield of 126,800 ETH. At current ETH price of $2,927, this equals $371 million in expected returns. The firm, holding 3.4% of total ETH supply, plans to expand its MAVAN validator network through infrastructure partnerships. While rivals like SharpLink and ETHZilla have sold ETH, Bitmine continues to accumulate, buying $199.4 million worth in a single day. ETH analysis shows the firm’s strategy leans on long-term token value.
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