BitMine Begins Staking Its $12 Billion Ethereum Holdings

BitMine, the largest corporate holder of Ethereum, has begun staking part of its $12 billion ETH treasury. On December 27, on-chain analyst Ember CN reported that the firm deposited approximately 74,880 ETH, valued at about $219 million, into Ethereum staking contracts. Why is BitMine Staking Its Holdings? The move represents only a small slice of BitMine’s total holdings of roughly 4. 07 million ETH, currently valued near $12 billion source: https://beincrypto.com/bitmine-ethereum-staking-to-earn-yields/