BitMine Stakes 2.27 Million ETH, 53.4% of Its 4.24 Million Holdings Representing 3.52% of Total Supply

BitMine, an Ethereum treasury company, holds 4,243,338 ETH as of Jan. 28, representing 3.52% of the total 120,700,000 ETH supply, and has staked 2,265,984 ETH, or 53.4% of its holdings, on-chain data show. Tom Lee previously said that if BitMine staked all its ETH and applied a 2.81% CESR, annualized staking returns could reach $374,000,000, implying over $1,000,000 in daily revenue. The volume of ETH awaiting entry to the Ethereum PoS network stands at 3,458,771 ETH, worth about $10,400,000,000, with an estimated activation delay of roughly 60 days and 1 hour, BlockBeats reports.