Bitmine projects $334M in annual staking revenue from $15.8B crypto treasury
Bitmine now has more than 5 million ETH staked, turning most of its Ether holdings into a recurring income stream as it continues to accumulate.
Bitmine Immersion Technologies has projected annual staking revenue of $334 million from its substantial Ether holdings, which now total over 5.95 million ETH. This accounts for approximately 4.9% of Ether's circulating supply. The company acquired an additional 27,180 ETH last week, bolstering its Ethereum treasury and solidifying its position as a prominent player in the staking sector.
As of now, more than 5.06 million ETH is staked, generating an estimated $334 million in annualized staking revenue. With nearly 85% of its Ether holdings now locked in staking, Bitmine is transforming its crypto treasury into a dependable source of recurring income. This approach distinguishes Bitmine from Bitcoin-focused companies whose primary holdings don't produce native staking yield.
In comparison, the Grayscale Ethereum Staking ETF holds 84.6% of its Ether assets in staking. Bitmine's stock showed minimal movement on Monday, trading near $25, although it has increased by nearly 38% over the past month despite a year-to-date decline.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
