CoinDesk Podcast Network BitMine Predicts 10x on MrBeast Investment, Targets $400M ETH Yield | CoinDesk Daily
Jan 16, 2026
BitMine anticipates a staggering $400 million annual income from its $13 billion Ethereum holdings. The firm's bold $200 million investment in YouTuber MrBeast is touted as a game-changing opportunity aimed at connecting with Gen Z. Meanwhile, in Iran, there's a rising trend in individuals moving Bitcoin to personal wallets amidst ongoing protests and power outages, while IRGC-linked addresses account for a significant portion of crypto activities. Additionally, Coinbase has withdrawn support for a Senate bill due to consumer protection concerns.
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Staking Could Be Massive Revenue Driver
- BitMine projects over $400 million annual income from staking its $13 billion ETH treasury.
- The firm plans mobile and tokenization moves to amplify that ETH-based yield strategy.
MrBeast Bet Framed As Moonshot
- Tom Lee described BitMine's $200 million investment in MrBeast as a "no-brainer" moonshot.
- He argued the deal could deliver 10x returns by connecting Ethereum to Gen Z audiences.
Crypto Use Surges Amid Iran Protests
- Iranians pulled crypto into self-custody as protests and an internet blackout loomed.
- At the same time, state-linked addresses handled over $2 billion, showing parallel public and regime crypto activity.