Bitmine has pledged 74,900 ETH for the first time; if it pledges all of its holdings, the annual interest could reach $371 million.

2025-12-27 by admin

PANews reported on December 27 that, according to on-chain analyst Ember, Ethereum treasury company Bitmine has been staking its ETH holdings to earn interest: 50 minutes ago, it deposited 74,880 ETH (US$219 million) into Ethereum PoS staking.

This marks Bitmine’s first staking activity. It currently holds 4.066 million ETH, with an APY of approximately 3.12%. If all of these were staked, it could earn approximately 126,800 ETH in interest annually, worth $371 million at the current price of $2,927.

PANews reported on December 31 that Tom Lee, co-founder of Fundstrat and chairman of BitMine, wrote on the X platform: "Typically, during these last holiday trading sessions, many institutional investors exit the market, and algorithmic trading programs and bot trading programs begin to dominate the market, along with sell-offs for tax avoidance. These constitute the market dynamics in the last few days of December." Previously, in BitMine's announcement of acquiring 44,463 ETH last week, Tom Lee mentioned that market activity tends to slow down as the year enters its final weeks of holiday season. Year-end tax-avoidance selling depresses cryptocurrency and cryptocurrency-related stock prices, with this effect typically most pronounced between December 26th and December 30th; therefore, they are adjusting their market strategy accordingly. Earlier today, it was reported that Bitmine pledged another 118,944 ETH and increased its holdings by 32,938 ETH .