PANews reported on December 27 that, according to on-chain analyst Ember, Ethereum treasury company Bitmine has been staking its ETH holdings to earn interest: 50 minutes ago, it deposited 74,880 ETH (US$219 million) into Ethereum PoS staking.

This marks Bitmine's first staking activity. It currently holds 4.066 million ETH, with an APY of approximately 3.12%. If all of these were staked, it could earn approximately 126,800 ETH in interest annually, worth $371 million at the current price of $2,927.