BitMine's Ethereum staking scale reaches 2 million coins, with an annualized return potentially exceeding 164 million USD

BitMine disclosed that it has increased its holdings by 40,302 ETH over the past week, bringing its total holdings to 4.24 million ETH, which accounts for 3.52% of the circulating supply. Of this, 2.009 million ETH has been staked, and with a Compound Ethereum Staking Rate (CESR) of 2.81%, the annual yield reaches 164 million USD.

Tom Lee stated that if all ETH were to participate in staking, the annual revenue would reach 374 million USD, exceeding 1 million USD per day. The company plans to establish its own validation node infrastructure in the United States by 2026.