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27/01/26 07:50 UTC-04

BitMine Will Earn $164 Million Per Year from Ethereum Staking

The leading Ethereum treasury company BitMine will earn approximately $164 million per year from ETH staking.

According to Happy Coin News, last week BitMine employees purchased 40,302 ether worth $117 million, thereby increasing the company’s digital asset holdings to 4.24 million ETH, valued at $12.4 billion at the current exchange rate (3.52% of the circulating supply).


BitMine in the Ranking of Public Organizations Holding the Largest Amount of ETH

BitMine employees have staked just over 2 million ether, and the current average staking yield is estimated at 2.81% per year. Accordingly, ETH staking will generate $164 million for the company if the price of the digital asset remains unchanged. Moreover, if all ether holdings are staked, the company’s revenue would reach $374 million.

In contrast to BitMine, the largest Bitcoin treasury firm Strategy does not generate income from BTC. Coins worth $63 billion are held as dead weight on the company’s balance sheet, and since August 2020 the firm has earned only 16.3% in unrealized investment gains from cryptocurrency solely due to price appreciation. In other words, the return on BTC investments amounted to just 3% per year.

Strategy will find it difficult to lock in even this modest profit, as news of the company selling its coins would trigger a sharp decline in Bitcoin’s price, reducing the potential gains.

See also: "Hackers Stole More Than $30 Million in Crypto Assets in Two Attacks"

#BitMine #Staking #Ethereum (ETH) #Profit

Editor: Yulia Krasnaya
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