POPA Recon🟩 Bitmine reported $45.7 million in ETH staking revenue.
🟩 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: 💧DropsTab
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