BitMine Begins Ethereum Staking

[nihalsari]

BitMine, the largest corporate holder of ETH, has started staking part of its $12B treasury.

On Dec 27, the company deposited ~74,880 ETH ($219M) into Ethereum staking contracts. While this is just a fraction of their 4.07M ETH holdings, it signals a shift toward yield-generating strategies.

If fully staked, BitMine could earn ~126,800 ETH annually (~$371M) at current APY rates. #Ethereum #CryptoNews #ETH

[madmax]

I still confused how come eth is not 9k