BitMine deposits $451 million in Ethereum tokens for staking operations

not_your_keys · 2025-12-29T01:27:06+00:00

BitMine, a major Ethereum asset management firm, has deposited approximately $451 million in ETH tokens for staking, aiming to generate passive income amid challenging market conditions. This strategic shift could yield an annual revenue of $371 million.

not_your_keys

2025-12-29 01:27:06

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Source: Yellow Original Title: BitMine deposits $451 million in Ethereum tokens for staking operations

Original Link: BitMine is the largest fund management company for Ethereum. On December 27, it deposited approximately $451 million worth of tokens into the Ethereum proof-of-stake system, marking the company’s first move to earn yields from its holdings. This deployment, executed in two transactions, represents a strategic shift for this digital asset fund management firm, which is seeking passive income amid challenging market conditions.

What happened: Double staking transactions

On-chain analyst EmberCN reported that BitMine executed two separate deposits on Saturday.

The company first staked 74,880 ETH valued at $219 million, then added 79,296 ETH worth $232 million in a subsequent transaction. These actions brought BitMine’s total staked position to 154,176 ETH, part of its fund of 4.066 billion tokens.

Why this matters: Income generation

EmberCN noted that the annualized yield is approximately 3.12%, meaning staking the entire fund could generate about 126,800 ETH in interest annually. At the current price of $2,927 per ETH, this amounts to $371 million in annual revenue.

The staking deployment occurred earlier than expected: BitMine previously revealed in November that it plans to start operations through its “Made in the USA Validation Node Network” in Q1 2026.

The company has selected three institutional vendors to participate in a pilot program to test performance and security before large-scale deployment.

BitMine’s stock closed at $28.31 per share on the last trading day, down nearly 4%. The stock has fallen 43% over three months but has increased 2.5 times over the past year.

ETH1,19%

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HalfPositionRunner

· 12h ago

Wow, 450 million invested in staking... I need to think about this move. An annual staking yield of 3.71 million sounds good, but I'm just worried it might crash again later. Isn't the bear market the best time to buy the dip? This person really has guts; ordinary people wouldn't dare to go all-in like this. By the way, people holding coins at this time are either big players or gamblers, haha.

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CountdownToBroke

· 12-29 17:38

Bro, this move is pretty bold. Putting in 451 million directly for staking, and it still remains stable for so long—impressive. Staking is like that, right? It offers some comfort during a bear market, but it's just a relief. An annualized return of 371 million sounds like a lot, but whether it's truly profitable depends on how the market moves later. This move seems a bit like gambling to me. BitMine is placing its next big bet.

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JustAnotherWallet

· 12-29 01:56

Damn, pouring in 451 million just for an annual revenue of 371 million? With this return rate, are you guys betting that ETH can hold up? --- Staking, honestly, is a gambler's mentality. Anyway, with the current market in crypto, it's better to just earn interest passively. --- Wait, such a large amount directly on the chain? Aren't you afraid of being hacked? Who will bear this risk? --- Annualized return of over 8%, sounds good, but if the price really drops, the interest is pointless. --- I just want to know if these 451 million are your own funds or user funds... If it's really misappropriation of customer assets, that's outrageous. --- Passive income? In this market? 😏 Active losses are probably worse. --- What is BitMine betting on? That ETH has bottomed out? Or is it just financial trouble?

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RektButSmiling

· 12-29 01:53

Can you still safely earn 370 million dollars in a bear market? Thinking about it this way, staking doesn't seem so亏 --- Spending 4.5 billion just to earn passive income, truly a狠人 --- Wait, is there something wrong with this logic... When the market is tough, you rush in? --- Passive income sounds good, but I'm worried about liquidity issues --- Damn, with this yield rate, I would have早apeed --- Staking yields of 3.71 million annually sound impressive, but what about the本金风险? --- BitMine's move indeed dares, let's wait and see how it unfolds

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DuckFluff

· 12-29 01:30

Damn, 451 million in staking entry, this guy really has some guts. BitMine really dares to gamble, still able to harvest so much profit in a bear market? But speaking of which, is earning 370 million a year real? It feels too optimistic. Staking, to put it simply, is betting that Ethereum won't crash again. This move either makes a huge profit or... heh heh. The play of the wealthy is just different; I wouldn't even spare a tiny bit for staking.

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