BitMine's MAVAN Becomes a $357M Annual Staking Revenue Engine
- —BitMine holds 5.98 million ETH, with 5.067 million ETH staked — roughly 85% of its position
- —Projected annualized staking revenue stands at $357 million at a 2.62% yield
- —If the entire ETH position is staked, annualized revenue could reach about $421 million
- —BitMine acquired Pier Two in March for $30.5 million, with up to $11.8 million in earnout
Why it matters: Staking infrastructure is turning into a recurring revenue source for ETH treasury companies, reducing reliance on asset price appreciation.
Source: CoinGape