Bitmine staked 74,880 ETH for the first time, and if it stakes its entire holdings, the annual interest could reach 371 million dollars

According to on-chain analyst Yu Jin's monitoring, the Ethereum treasury company Bitmine has staked its held ETH to earn interest: 74,880 ETH (worth $219 million) was deposited into Ethereum PoS staking 50 minutes ago. This is Bitmine's first staking, and it now holds 4.066 million ETH, with an approximate APY of 3.12%.

If all are staked, it can earn about 126,800 ETH in interest over a year, worth $371 million at the current price of $2,927.