At the annual shareholders' meeting, BitMine repositions its strategy from a simple Ethereum staking agency to a broader digital economy holding company. The company announced that it currently controls 3.36% of the total Ethereum supply, approaching its 5% target, which is expected to be achieved this year. With nearly $1 billion in debt-free assets, BitMine currently generates an estimated annual revenue of $400 million to $430 million through staking and cash yields. Management described its controversial $200 million investment in Beast Industries, a subsidiary of MrBeast, as a strategic move aimed at building a massive retail distribution channel for Ethereum-based financial services.
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At the annual shareholders' meeting, BitMine repositions its strategy from a simple Ethereum staking agency to a broader digital economy holding company. The company announced that it currently controls 3.36% of the total Ethereum supply, approaching its 5% target, which is expected to be achieved this year. With nearly $1 billion in debt-free assets, BitMine currently generates an estimated annual revenue of $400 million to $430 million through staking and cash yields. Management described its controversial $200 million investment in Beast Industries, a subsidiary of MrBeast, as a strategic move aimed at building a massive retail distribution channel for Ethereum-based financial services.