It's time again for Tom Lee to buy, buy, buy and stake, stake, stake.
BitMine has staked another 159,728 $ETH , worth about $390 million, bringing its total staked holdings to over 5.227 million, worth about $12.8 billion.
At the current staking reward rate of 2.56%, BitMine's annual earnings should be around $327 million—presumably enough to cover all its expenses.
In other words, BitMine's 5 million-plus tokens have basically left the secondary market's sell side, which is good for reducing selling pressure.
Conversely, if it ever decides to sell in the future, the consequences would be unimaginable.
So, is Tom Lee planning to grow old together with $ETH ? 🤣
BitMine has staked another 159,728 $ETH , worth about $390 million, bringing its total staked holdings to over 5.227 million, worth about $12.8 billion.
At the current staking reward rate of 2.56%, BitMine's annual earnings should be around $327 million—presumably enough to cover all its expenses.
In other words, BitMine's 5 million-plus tokens have basically left the secondary market's sell side, which is good for reducing selling pressure.
Conversely, if it ever decides to sell in the future, the consequences would be unimaginable.
So, is Tom Lee planning to grow old together with $ETH ? 🤣