Bitmine Staking 2.9 Million ETH, Generating $188 Million in Annual Yields
Bitmine Immersion Technologies is becoming one of the largest Ethereum holders in the market, having put 2.9 million ETH into Staking, generating approximately $188 million in annual yield. This move demonstrates a clear long-term strategy: transforming ETH into a stable cash flow asset rather than simply holding it in anticipation of price increases.
2.9 Million ETH Put into Staking
According to the announcement, Bitmine has Stake approximately 2.9 million ETH into Ethereum's Proof-of- Stake system. With an Medium yield of over 3% per year, this amount of assets helps the company generate approximately $188 million in Staking revenue annually.
This is a relatively stable source of revenue because it doesn't directly depend on short-term ETH price fluctuations, but rather relies on transaction validation rewards and network security.
Strategies to Turn ETH into a "Yielding Asset"
Instead of selling ETH when the market fluctuates, Bitmine chooses to lock the asset in Staking to generate recurring cash flow. This approach helps:
Increase the efficiency of Capital utilization.
Optimizing long-term profits
Strengthening its position within the Ethereum ecosystem
The company also plans to implement an internal validator system to optimize Staking operations and potentially increase yields in the future.
Ambition to Hold a Large Stake of ETH
Bitmine currently holds over 4 million ETH , representing approximately 3% of the total circulating supply. The company aims to increase its holdings to around 5% of the total ETH supply.
If this milestone is reached, Bitmine will become one of the entities with a significant influence on the global ETH ownership structure. The fact that a large amount of ETH is locked in Staking could also reduce the circulating supply in the market.
Risks and Questions
Although Staking strategies generate a stable cash flow, several risks still exist:
ETH price fluctuations can cause significant changes in net worth.
The degree of ETH concentration in a large entity can raise questions about its decentralization.
Staking yields may vary depending on network conditions.
However, from a business perspective, building a recurring revenue stream from Staking helps Bitmine reduce its complete dependence on the ups and downs of the crypto market.
The fact that Bitmine is Staking 2.9 million ETH and generating approximately $188 million in annual returns shows that it is pursuing a systematic strategy of accumulating and mining Ethereum's value. With Ethereum increasingly playing a core infrastructure Vai in Web3, organizations holding large amounts of ETH and optimizing Staking strategies could gain a significant long-term advantage.
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The article Bitmine Locks 2.9M ETH, Ambitious to Dominate Supply first appeared on CoinMoi .
