Bitmine's Ethereum Treasury Surpasses $15B with Staking Revenue Projections

Bitmine Immersion Technologies has continued to grow its Ethereum (ETH) treasury, now holding 5,956,378 tokens worth around $15.4 billion. Chairman Tom Lee stated that this represents approximately 4.9% of the coin's supply.

The company expects to generate around $334 million in annual staking revenue from its staked ETH holdings, which currently total 5.1 million or 85% of its entire stash.

Bitmine's holdings are valued at $12.7 billion and could potentially increase to $392 million in annual revenue once its full holdings are staked through the Made in America Validator Network (MAVAN).