Bitmine projects $334M in annual staking revenue from $15.8B crypto treasury
Bitmine Immersion Technologies added 27,180 ETH last week, lifting its Ether holdings to more than 5.95 million ETH — about $15.4 billion and roughly 4.9% of circulating supply. The firm said it has staked over 5.06 million ETH, which it estimates will generate about $334 million in annualized staking revenue at current rates, and reported total assets of around $15.8 billion including cash and other crypto.
Why It Matters
By staking the bulk of its Ether, Bitmine is converting a large crypto treasury into a recurring income stream, a capability not available to companies holding Bitcoin alone. The firms staking ratio is comparable to major products like Grayscales ETHE, underscoring growing institutional use of PoS yield strategies.
Key Facts
- ETH acquired last week: 27,180 ETH
- Total ETH holdings: more than 5.95 million ETH
- Value of ETH holdings: roughly $15.4 billion
- Share of Ether circulating supply: about 4.9%
- Total holdings including cash and other crypto: approximately $15.8 billion
Bitmine Immersion Technologies announced it added 27,180 ETH last week, taking its Ether holdings above 5.95 million ETH. The company said those Ether holdings are worth about $15.4 billion, which represents nearly 4.9% of Ethers circulating supply; when combined with cash and other crypto assets, Bitmine put its total assets at roughly $15.8 billion.
The firm reported that more than 5.06 million ETH is currently staked, and at prevailing rates this portfolio of staked Ether would generate an estimated $334 million in annualized revenue. With roughly 85% of its Ether converted into staked positions, Bitmine is using staking to produce a steady income stream from its treasury.
Bitmines staking ratio is similar to the Grayscale Ethereum Staking ETF (ETHE), which shows about 84.6% of its Ether staked on the funds webpage. The company noted that staking offers an advantage over Bitcoin-focused treasuries, since BTC holdings do not earn native staking yield.
On markets, Bitmines shares were little changed on Monday, trading just below $25 in morning trading; the stock has gained nearly 38% over the past month but remains down year to date, per Yahoo Finance data. Separately, the report also noted Strategys recent activity under Michael Saylor: Strategy repurchased about 1.42 million shares of its STRC preferred stock for $139.3 million between Sept. 8 and Sept. 13, having bought $176.3 million of STRC the prior week, while its Bitcoin holdings stayed unchanged at 845,050 BTC as of Sept. 13.
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