Beast Industries CEO Jeff Housenbold emphasizes that BitMine (BMNR) is a leader in Ethereum staking, which is crucial for stablecoin infrastructure, and explains why the company invested $200 million. BitMine holds 4,422,659 ETH, worth approximately $8.7 billion, with 3,040,483 ETH staked, generating $249 million annually. Housenbold links this investment to Beast’s expansion into the fintech sector, where Ethereum-based stablecoins can provide low-cost global payments for young users. Meanwhile, BMNR’s stock price has dropped 6.5%, breaking below the $21-22 consolidation zone and threatening the key support level at $18.84.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Beast Industries CEO: BitMine is the "leader in the Ethereum staking market"
Beast Industries CEO Jeff Housenbold emphasizes that BitMine (BMNR) is a leader in Ethereum staking, which is crucial for stablecoin infrastructure, and explains why the company invested $200 million. BitMine holds 4,422,659 ETH, worth approximately $8.7 billion, with 3,040,483 ETH staked, generating $249 million annually. Housenbold links this investment to Beast’s expansion into the fintech sector, where Ethereum-based stablecoins can provide low-cost global payments for young users. Meanwhile, BMNR’s stock price has dropped 6.5%, breaking below the $21-22 consolidation zone and threatening the key support level at $18.84.