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Bitmine stakes over 2 million ETH, projects more than $160M in annual rewards
Bitmine has staked over 2 million Ether from its 4.24 million ETH treasury, giving it control of about 3.52% of Ethereum's 120.7 million circulating supply. At a Composite Ethereum Staking Rate of 2.81%, this position is projected to generate around $164 million in yearly staking revenue, with executives suggesting full deployment of its ETH could lift annual rewards to $374 million.
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ETH+1.32%
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