Bitmine’s Ethereum Staking Bet Pays Off | Bitcoin and Crypto News

Bitmine’s betting big on Ethereum staking—nearly all of its revenue now comes from staking Ether, with $45.7M pulled in last quarter alone. After launching their institutional staking platform MAVAN in March, they’ve staked 85% of their Ether holdings and are now servicing other major players. Chairman Tom Lee claims Bitmine staked more Ether than anyone else, projecting $284M in annual rewards. Their involvement with the Robinhood Chain—already hitting $1B in trading volume and using ETH for gas fees—is amplifying Ethereum’s real-world utility. This isn’t a pivot—it’s a full-scale transformation, reshaping Bitmine’s business and boosting Ethereum’s ecosystem. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/635020020011fb21