Bitmine projects $334 M in annual staking revenue from $15.8 B crypto treasury

Bitmine Immersion Technologies announced that its Ether holdings have grown to over 5.95 million ETH, valued at roughly $15.4 billion, and that more than 5.06 million ETH are currently staked. At current staking rates, the company estimates annualized staking revenue of about $334 million.

Scale of the Ether treasury

The latest acquisition added 27,180 ETH to Bitmine’s balance, bringing the total to approximately 4.9 % of Ether’s circulating supply. Including cash and other crypto assets, the firm’s total holdings are reported at about $15.8 billion.

Staking strategy and revenue outlook

With roughly 85 % of its Ether now staked, Bitmine is converting its treasury into a recurring revenue source. The projected $334 million in annual staking income is based on current network yields. For context, the Grayscale Ethereum Staking ETF (ETHE) reports a similar staking ratio of 84.6 %.

Comparison with Bitcoin‑focused treasuries

Unlike Bitcoin‑holding companies, Bitmine’s Ether treasury can generate native staking yield, providing a distinct advantage in generating cash flow during market volatility.

Market reaction

Bitmine’s shares were trading just below $25 in morning trading, showing a 38 % gain over the past month but remaining down year‑to‑date.

Related activity: Strategy’s Bitcoin and preferred‑stock moves

In the same period, Strategy skipped Bitcoin purchases, instead repurchasing $139.3 million of its STRC preferred stock and previously buying back $176.3 million. Its Bitcoin holdings stayed at 845,050 BTC, unchanged since mid‑September.