#CryptoMarketMildlyRebounds

The largest corporate holder of Ethereum, BitMine, has begun staking part of its treasury. The company's total reserves in this asset are estimated at $12 billion.
Analyst Ember CN reported on December 27 about movement on the blockchain. The company deposited approximately 74,880 ETH into the deposit contract. The value of the sent coins is about $219 million.
The current tranche represents only a small part of BitMine's total reserves. The company’s total holdings amount to about 4.07 million ETH. The market value of the portfolio approaches $12 billion.
The potential income looks impressive. The current annual percentage yield (APY) is 3.12%. If the company stakes all of its reserves, it will generate about 126,800 ETH per year. In monetary terms, the revenue will be $371 million.
Such a structure effectively turns BitMine into a tool that generates a steady income based on the Ethereum consensus level. Consequently, the valuation of the business will no longer depend solely on the asset's price fluctuations.
$ETH