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

BlockBeats News, January 16, according to CoinDesk, Tom Lee, Chairman of the world's largest Ethereum treasury company BitMine, stated at the shareholders' meeting on Thursday that BitMine expects its $13 billion Ethereum holdings to generate over $400 million in annual pre-tax income, most of which will come from staking these holdings.

Tom Lee also mentioned that BitMine "may have saved about $400 million" in its Ethereum purchases over the past few months. Despite the cost savings, BitMine's current holdings have an unrealized loss of about $2.3 billion since it began purchasing Ethereum in July last year.

Earlier on Thursday, BitMine disclosed a $200 million investment in Beast Industries, owned by well-known YouTuber MrBeast. Tom Lee described this bet as an "obviously wise choice" and stated, "I believe we can easily achieve a leapfrog return—10 times—on this investment." Tom Lee added that BitMine also plans to launch a mobile application, although details are currently limited, and will make "leapfrog" investments in the tokenization sector.