Bitmine Immersion Technologies (BMNR) announced it surpassed a major operational milestone: its total staked Ethereum (ETH) now exceeds one million tokens.
BMNR staked an additional 86,400 ETH, valued at approximately $268.7 million. This addition brings the company’s total staked ETH to 1,080,512 tokens. The total value of its staked assets stands at around $3.3 billion.
The significant stake is expected to generate substantial returns. Based on the current yield of 2.81%, the staked ETH will produce roughly $94.4 million in annual revenue for BitMine, paid in ETH.
This milestone supports the company's strategy of accumulating and staking ETH for long-term investment. BMNR aims to become a pivotal institutional participant in the Ethereum ecosystem.