Derived from HashNews, Bitmine, an Ethereum treasury company, has conducted its first staking operation by depositing 74,880 ETH (approximately $219 million) into the Ethereum PoS staking network. According to blockchain analyst Yu Shuo's monitoring, if Bitmine stakes its full ETH holdings of 4.066 million, the annual yield could reach approximately 126,800 ETH, valued at up to $371 million at the current price of $2,927 per ETH.
Bitmine Stakes 74,880 ETH Worth $219M, Potential Annual Yield Could Reach $371M
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Summary
Bitmine has staked 74,880 ETH, valued at $219 million, into Ethereum’s PoS staking network. The move marks its first staking operation. If Bitmine stakes its full 4.066 million ETH, the potential annual yield could reach 126,800 ETH. At $2,927 per ETH, this staking activity could generate up to $371 million in yearly returns.
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