BitMine Anticipates $400 Million Revenue from Ethereum Holdings, Investment in MrBeast Could Yield 10x Returns

2026-01-16 03:43

Odaily News: Tom Lee, Chairman of BitMine, the world's largest Ethereum treasury company, stated at Thursday's shareholder meeting that BitMine expects its $13 billion Ethereum holdings to generate over $400 million in annual pre-tax income, with the majority coming from staking these holdings.

Tom Lee also mentioned that BitMine "likely saved approximately $400 million" during its Ethereum purchase operations over the past few months. Despite these cost savings, BitMine's current holdings are still at a paper loss of about $2.3 billion since it began buying Ethereum last July.

Regarding the $200 million investment in Beast Industries, owned by the famous YouTuber MrBeast, which was disclosed earlier on Thursday, Tom Lee called this bet an "obviously smart choice." He stated: "I think we can easily achieve a leapfrog return on this investment—10 times." Tom Lee added that BitMine also plans to launch a mobile application, although details are currently limited, and will make "leapfrog" investments in the tokenization field. (CoinDesk)