As reported by TechFlow, on December 27, Bitmine, the largest Ethereum validator, staked 74,880 ETH ($219 million) in Ethereum's Proof-of-Stake (PoS) system. This marks their first staking activity, with the company currently holding 4.066 million ETH. At an annual percentage yield (APY) of approximately 3.12%, staking the full amount could generate around 126,800 ETH in interest annually, valued at $371 million at current prices.
Bitmine Stakes 74,880 ETH Worth $219M in Ethereum PoS
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Summary
Bitmine staked 74,880 ETH ($219 million) in Ethereum’s PoS on December 27, according to TechFlow. This is their first staking move, with the firm now holding 4.066 million ETH. At a 3.12% APY, staking the full amount could yield 126,800 ETH in interest yearly, valued at $371 million. ETH price remains stable amid the move, with ETH analysis showing continued institutional interest in PoS rewards.
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