🚨 Bitmine’s 98% Staking Reliance: The Yield Trap Hiding in Plain Sight
📊 Alpha Breakdown:
Bitmine Immersion Technologies reported $45.7 million in Ethereum staking revenue for the quarter ended May 31, accounting for 98% of total income. The firm holds 5.42 million ETH and 203 BTC. Despite strong staking yields, the company posted an $82.2 million net loss. Stock price has fallen 59% over the last year....
🔗 Full Breakdown on YourWeb3Guy:
https://www.yourweb3guy.com/news/bitmine-s-98-staking-reliance-the-yield-trap-hiding-in-plain-sight
#Ethereum #Staking #Bitmine #CorporateTreasuries
📊 Alpha Breakdown:
Bitmine Immersion Technologies reported $45.7 million in Ethereum staking revenue for the quarter ended May 31, accounting for 98% of total income. The firm holds 5.42 million ETH and 203 BTC. Despite strong staking yields, the company posted an $82.2 million net loss. Stock price has fallen 59% over the last year....
🔗 Full Breakdown on YourWeb3Guy:
https://www.yourweb3guy.com/news/bitmine-s-98-staking-reliance-the-yield-trap-hiding-in-plain-sight
#Ethereum #Staking #Bitmine #CorporateTreasuries