It’s time again for Tom Lee to buy, buy, buy and stake, stake, stake.
BitMine has staked another 159,728
$ETH , worth about $390 million, bringing its total staked to over 5.227 million, worth about $12.8 billion.
At the current staking reward rate of 2.56%, BitMine’s annual earnings should be around $327 million, which should be enough to cover all its expenses.
That means these 5 million-plus tokens have basically been taken off the secondary market’s sell side, which is good for selling pressure.
On the other hand, if they ever decide to sell in the future, the consequences would be hard to