Ethereum’s biggest staker has just become a public company with over $10 billion locked up
CryptoSlate
BitMine has emerged as a major public company, staking over $10 billion in Ethereum to generate significant recurring protocol revenue.Summary
BitMine, a Las Vegas-based company, has established itself as the largest corporate Ethereum treasury by staking 4.36 million ETH, valued at over $10 billion. By moving beyond traditional treasury accumulation, the company utilizes its MAVAN infrastructure to earn approximately $297 million in annual revenue through network validation. This shift highlights a new corporate strategy where Ethereum acts as productive capital rather than a passive reserve asset, though it introduces operational risks and fuels ongoing industry debates regarding staking centralization and institutional influence on the network.
(Source：CryptoSlate)