According to a report by Odaily Planet Daily, Tom Lee, co-founder and head of research at Fundstrat Global Advisors, recently stated that cryptocurrency mining company Bitmine’s Ethereum treasury now generates $1 million per day in staking rewards. The well-known market analyst, who has long tracked institutional crypto strategies, highlighted this figure as a testament to the growing role of large-scale staking. Bitmine, a professional mining firm, holds a significant amount of ETH and utilizes the proof-of-stake (PoS) mechanism to earn consistent rewards.
With Ethereum staking offering annual yields of roughly 3% to 5%, a $1 million daily income suggests a staking position likely worth tens of billions of dollars. This underscores how major mining enterprises are diversifying from pure mining operations to actively managing their digital asset holdings for passive income. As the staking ecosystem matures, institutional participation is becoming a mainstream trend, reshaping the revenue models of crypto-native companies.