BitMine Chairman Tom Lee informed shareholders that the company anticipates generating more than $400 million each year solely through staking its substantial Ether treasury, which holds $13 billion.
Lee also reaffirmed the firm's commitment to a $200 million investment in YouTuber MrBeast, describing the move as a 'no-brainer' moonshot.
These remarks were made during a recent shareholder meeting, as reported by CoinDesk's Jennifer Sanasie on the 'CoinDesk Daily' program.