BitMine’s Staked ETH Holds at 5.07 Million as Treasury Grows

BitMine Immersion Technologies disclosed that its staked Ethereum position remained steady at 5,067,309 ETH as of August 30, valued at $12.7 billion based on an ETH price of $2,511. The balance did not change across four weekly readings from August 9 to August 30.

New Acquisitions and Treasury Size

During the most recent week, BitMine acquired an additional 53,501 ETH, bringing its total ETH holdings to 5,901,112 ETH. The company describes its treasury as representing 4.9 % of Ethereum’s total supply of 120.7 million ETH, aligning with its previously stated goal of reaching a 5 % stake.

Staking Yield and Revenue Projections

BitMine reported a seven‑day annualized staking yield of 2.63 %, which translates to an estimated $335 million in yearly staking revenue for the current staked balance. If the entire ETH balance were staked through its Made in America Validator Network (MAVAN) and partner validators at the same yield, the projected annual rewards would rise to $390 million. These figures are based on the seven‑day annualized yield rather than a full‑year performance.

MAVAN Network Details

BitMine launched its MAVAN validator network in April and previously indicated that a portion of its 3,334,637 ETH staked balance was already on MAVAN, though the exact amount was not disclosed. The latest report provides a total staked balance but does not break out the specific MAVAN allocation.

Historical Context

The company’s staked position was 4,879,157 ETH in early July, surpassed the 5‑million mark by August 9, and has remained flat since then. Chairman Tom Lee claimed that BitMine has staked more ETH than any other entity, though no comparative data were provided.