The crypto investment firm has staked 84% of its Ethereum holdings, with projected annual staking revenue of up to $400 million once its entire treasury is deployed. BitMine's reduced weekly purchases of ETH suggest that the firm may be nearing full staking capacity. The development comes as Tom Lee, a prominent crypto analyst, has stated that Ethereum staking is 'done' in the current market environment.
Source
"BitMine's Ethereum Staking Holdings Drop Sharply" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
ETH · 7D · $2,364−7.1%