According to EmberCN, Bitmine—the largest Ethereum treasury company—has begun staking $ETH for yield. This morning, it deposited 74,880 ETH (~$219M) into Ethereum PoS, marking its first staking move. Bitmine currently holds 4.066M ETH; at an estimated ~3.12% APY, fully staking could generate ~126,800 ETH annually, worth about $371M at current ~$2,927 #ETH price.

ETH

2,803.51

-6.85%