Major Ethereum Treasury Company Makes First Move Into ETH Staking With 74,880 ETH

image

Source: CryptoNewsNet Original Title: Company That Hoarded Ethereum (ETH) in Massive Amounts Throughout the Year Makes Its Next Move – Happening for the First Time Original Link: Bitmine, considered the largest among Ethereum treasury-focused companies, has taken its first step into ETH staking.

According to Onchain data, the company began earning returns through staking by depositing 74,880 ETH (approximately $219 million) into Ethereum’s Proof of Stake (PoS) mechanism.

This transaction marks a first for Bitmine. While the company currently holds 4.06 million ETH, staking only a small portion of it is considered a significant milestone for institutional Ethereum treasuries.

Under current conditions, the staking yield is calculated at approximately 3.12% APY annually. If Bitmine were to stake all of its ETH, it is projected to earn approximately 126,800 ETH annually. Based on an ETH price of approximately $2,927, this amount is equivalent to $371 million.

Analysts say this move signals a shift in institutional investors’ perspective on the Ethereum ecosystem, positioning ETH not only as a balance sheet asset but also as a “digital capital” tool that provides consistent returns.

ETH0,71%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)