BitMine has staked 53.4% of its Ethereum holdings

BlockBeats News, January 28th: Ethereum treasury company BitMine currently holds 4,243,338 ETH, accounting for 3.52% of the total supply (120.7 million). On-chain data shows that BitMine has currently staked 2,265,984 ETH, representing 53.4% of its Ethereum holdings.

Tom Lee previously stated that if all the held ETH is staked, based on a 2.81% CESR, the annual staking yield could reach $374 million, averaging over $1 million per day.

As a result, the amount of ETH queued to join the Ethereum PoS network remains high, currently standing at 3,458,771 ETH, worth approximately $10.4 billion, with an expected activation delay of around 60 days and 1 hour.