BitMine expects Ethereum holdings to generate $400 million in revenue, and the investment in MrBeast could yield a 10x return

GateUser-6433627c · 2026-01-16T00:13:05+00:00

BitMine Chairman Tom Lee stated at the shareholders' meeting that the company's $13 billion Ethereum holdings are expected to generate over $400 million in annual pre-tax income. Despite saving approximately $400 million in costs, since last year, BitMine's Ethereum holdings have still incurred an unrealized loss of about $2.3 billion. The company has also invested $200 million in MrBeast's Beast Industries and plans to launch a mobile application.

GateUser-6433627c

2026-01-16 00:13:05

Abstract generation in progress

On January 16, according to CoinDesk, Tom Lee, Chairman of BitMine, the world’s largest Ethereum treasury company, stated at the Thursday shareholders’ meeting that BitMine expects its $13 billion Ethereum holdings to generate over $400 million in annual pre-tax income, mostly from staking these holdings. Tom Lee also mentioned that BitMine’s Ethereum buying operations over the past few months have “possibly saved about $400 million.” Despite these cost savings, since beginning to purchase Ethereum in July last year, BitMine’s current holdings are still approximately $2.3 billion in unrealized losses. Earlier on Thursday, BitMine disclosed an investment of $200 million in Beast Industries, owned by the well-known YouTuber MrBeast, with Tom Lee calling this bet an “obvious wise choice.” He added, “I believe we can achieve a leapfrog return of ten times on this investment.” Tom Lee further stated that BitMine also plans to launch a mobile app, although details are still limited, and will make “leapfrog” investments in the tokenization field.

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