Staking income makes up 60%, yet losses are as high as 1.4 billion dollars—this ledger is really driving my blood pressure up.

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Data: Ethereum Treasury Company's staking income accounts for 60% of its disclosed revenue
Everstake pointed out that six Ethereum financial companies that disclosed staking income have staking revenue accounting for about 60% of their total income.
A review of 15 publicly traded companies with Ethereum financial strategies shows an estimated consolidated net loss of approximately $1.41 billion in 2025.
BitMine Immersion Technologies reported a six-month net loss of about $9.02 billion as of February 28, mainly due to unrealized losses.
The spot ETF reduces the attractiveness of holding Ethereum, prompting financial companies to adopt strategies such as staking to support valuations.
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