$BMNP COULD BECOME A POWERFUL NEW ENGINE FOR BITMINE
BitMine’s $BMNP pays a 9.5% dividend WEEKLY, and it has already climbed from its $80 launch price to around $90.20.
But the really interesting part is what sits behind it:
🔹 5.81M $ETH owned
🔹 5.07M ETH staked
🔹 87% already earning yield
🔹 $257M projected annualized staking revenue
That income engine is already running.
BitMine generated $45.7M in staking and validation revenue last quarter, representing 98% of total revenue.
Now consider what BMNP potentially adds.
It gives BitMine another way to raise capital without issuing additional BMNR common shares, while the ETH acquired by BitMine can itself generate staking income.
More ETH → more staking → more income → greater capacity to support BMNP → potentially more capital → more ETH.
Then add MAVAN, which is intended to eventually serve institutions, custodians and ecosystem partners.
This is becoming much bigger than simply accumulating ETH.
Tom Lee
@fundstrat and BitMine are building an entire capital and income ecosystem around Ethereum.
$BMNR $BMNP $ETH