Bitmine Projects $334M Annual Staking Revenue From $15.8B Crypto Treasury

Bitmine's shift from holding Ether to staking it turns a passive treasury into a yield-generating balance sheet, which is a meaningfully different risk profile than simply sitting on the asset. The scale involved makes the company one of the larger single staking positions, so its accumulation and staking decisions carry weight for how concentrated ETH staking is becoming. Whether that projected revenue holds depends on staking yields, which are not fixed, and on the company's continued ability to accumulate. The open question is whether this model spreads to other large corporate treasuries.