BitMine says $13 billion in ether could generate over $400M via staking

BitMine Chair Tom Lee told investors the company could generate over $400 million in income from its $13 billion worth of ether holdings, primarily via staking.

The estimate links the firm’s $13 billion ether position to income generation chiefly through staking activity on the token.

Lee presented the projection to investors; the statement attributes the income potential to the company’s ether holdings and staking strategy.

Key Topics

Crypto, Bitmine, Tom Lee, Ether, Staking, Investors