Tom Lee keeps on buying, buying, buying, but they are truly making money!
According to the financial report, this year Bitmine has earned $45.73 million from Ethereum staking and validator nodes, accounting for 98% of total revenue.
It can be said that BitMine has basically completed its transformation from a Bitcoin mining company to a publicly listed Ethereum treasury + staking operator.
The company disclosed it holds 5.77 million ETH, of which about 85% is staked;
Based on a 7‑day annualized yield of 2.70% and an ETH price of $1,820, the projected annual staking income is roughly 240 million dollars?
