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Recently, BitMine disclosed an interesting set of financial data at the shareholders' meeting. The organization manages $13 billion worth of Ethereum assets, with its staking business expected to generate over $400 million in pre-tax income annually. It sounds substantial, but CEO Tom Lee revealed another side — since July last year, this holding has an unrealized loss of approximately $2.3 billion on the books.
Interestingly, BitMine hasn't put all its eggs in one basket. The company also invested $200 million in Beast Industries, with plans for this investment to multiply tenfold. In addition to these, they are preparing to launch a mobile app and are eyeing the tokenization sector, planning to make significant investments — although the details have not been disclosed yet.