BitMine Becomes Public ETH Staking Proxy With $10.2B in Staked ETH

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BitMine said it had staked 4.36 million ETH worth $10.2 billion, making it a public-market proxy for Ethereum staking. The company said it held 5.18 million ETH as of May 3, equal to about 4.29% of Ethereum’s total supply. BitMine said its staking operations were generating about $297 million in annualized revenue based on a seven-day annualized yield of 2.91%.

ETH-3.22%
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