🟩 Bitmine reported $45.7 million in ETH staking revenue.
Since staking began in November, Bitmine has reported $56.9M in cumulative staking revenue through May 31.
• Total invested: $19.37B
• Current treasury PNL: −$8.33B (−43.01%)
• Staking revenue equals 0.29% of invested capital
• It equals just 0.68% of the current paper loss
The company is closing in on 5% of the entire ETH supply, but its current drawdown is still 146.4× larger than all staking revenue earned to date.
Track BitMine’s ETH treasury:
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