TREE NEWS reports: Bitmine now has more than 5 million ETH staked, converting the bulk of its Ether holdings into a recurring income stream, the company said. The move underpins a projected $334 million in annual staking revenue against a crypto treasury valued at $15.8 billion, as Bitmine continues to accumulate.
Bitmine projects $334M annual staking revenue from $15.8B crypto treasury
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AI take
Bitmine's shift from holding Ether to staking the bulk of it marks a treasury strategy built around yield rather than pure price exposure, turning a static balance sheet into a recurring revenue line. That matters for peers weighing similar conversions, since it reframes staking as a core treasury function rather than an ancillary one. The open question is whether the disclosed revenue projection holds as staking conditions and the underlying treasury value move.
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