COINOTAG News reported on December 14 that Tom Lee, chairman of BitMine, described as an Ethereum treasury company, outlined a strategic positioning within the Ethereum ecosystem.
Lee claims BitMine’s ETH stake is near 4% of the total supply and signals a long‑term hold, saying there is no plan to sell.
According to Lee, staking this ETH could hypothetically generate over $1 million in net income per day, highlighting the income potential of ETH staking while stressing it remains contingent on prevailing rates.
Market observers will monitor BitMine’s disclosures for credibility and impact on liquidity and governance, underscoring the need for transparent reporting on large ETH positions in crypto markets.
Source: https://en.coinotag.com/breakingnews/bitmine-acquires-nearly-4-of-ethereum-supply-staking-eth-could-net-over-1-million-daily
