Svmuu News: Tom Lee, chairman of BitMine—the world’s largest Ethereum treasury firm—said at Thursday’s shareholder meeting that BitMine expects its $13 billion Ethereum holdings to generate over $400 million in annual pre-tax revenue, with the majority coming from staking these holdings.Tom Lee also noted that BitMine “likely saved approximately $400 million” on its Ethereum purchases over the past few months. Despite these cost savings, BitMine’s current holdings remain at a paper loss of about $2.3 billion since it began buying Ethereum in July of last year.Regarding BitMine’s $200 million investment in Beast Industries—owned by the well-known YouTuber MrBeast—disclosed earlier on Thursday, Tom Lee called the bet an “obviously wise choice.” He added: “I think we’re likely to see a tenfold return on this investment.” Tom Lee added that BitMine also plans to launch a mobile app, though details remain limited at this time, and will make “significant” investments in the tokenization space. (CoinDesk)