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Bitmine's total ETH holdings amount to 4,325,738 tokens, with 3,037,859 ETH staked, meaning the ETH staking rate has exceeded 70%. Based on the current annual staking yield of 2.8%, Bitmine's annual interest income is approximately 85,000 ETH ( roughly equivalent to $172 million ), averaging 233 ETH per day ( approximately $4.7 million ).
It seems quite substantial, but upon closer inspection, it's quite alarming—definitely a selling pressure, selling pressure! Let's do some quick calculations: with 120 million ETH, assuming all are staked (don't get excited about this assumption), the annual yield would be 3.36 million ETH. If the future ETH price is $10,000 each, that would mean a selling pressure of $33.6 billion annually! Of course, not all ETH will be staked; I remember the actual staking amount is around 30 to 40 million ETH.