TechFlow news, January 16 — According to CoinDesk, Tom Lee, Chairman of BitMine, announced at the shareholders' meeting that the company expects to generate over $400 million in pre-tax revenue annually from its $13 billion Ethereum holdings, primarily through staking. Although the company saved approximately $400 million in purchase costs, it still faces an unrealized loss of about $2.3 billion since beginning purchases in July.
Additionally, Lee revealed that BitMine has invested $200 million into MrBeast's media company, calling it a "no-brainer" decision with expectations of a tenfold return. This partnership aims to connect Ethereum with younger audiences, including Gen Z, Gen Alpha, and Millennials.
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