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BitMine expects Ethereum Staking to Generate $400 Million in Revenue, Investment in MrBeast Could Lead to 10x Returns

2026.01.16 08:13:50

Jan. 16 (CoinDesk) — BitMine Chairman Tom Lee told shareholders at a Thursday meeting that the world’s largest Ethereum treasury firm expects its $13 billion Ethereum holdings to generate more than $400 million in annual pre-tax revenue, with the bulk coming from staking those assets. Lee noted BitMine likely saved roughly $400 million on its Ethereum purchases over the past few months. Even with those savings, however, the firm’s holdings acquired since last July are still sitting on an unrealized loss of about $2.3 billion. In a Thursday-morning disclosure, BitMine revealed it had invested $200 million in Beast Industries, the company owned by viral YouTuber MrBeast. Lee called the move “clearly a wise choice” and predicted it will easily deliver a 10x return—a “quantum leap” in gains. Additionally, Lee said BitMine plans to launch a mobile app (details are limited for now) and will make a significant investment in the tokenization space.
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