Bitmine: $334M Annual Staking Revenue on $15.8B Treasury — SkimNews
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- Bitmine acquired 27,180 ETH last week, pushing total holdings to ~5.95 million ETH (~$15.4B) — roughly 4.9% of Ether's circulating supply, with total crypto and cash assets of ~$15.8B.
- Bitmine now has 5.06 million ETH staked — about 85% of its holdings — projecting ~$334M in annualized staking revenue at current rates.
- Bitmine's 85% staking ratio mirrors Grayscale's ETHE at 84.6%, showing how the company is converting its treasury into recurring income even during volatile conditions.
- Bitmine's ETH-based model generates native staking yield, a structural edge over Bitcoin treasury companies whose core BTC holdings produce no staking income.
- Bitmine shares traded just below $25 on Monday, up nearly 38% over the past month but still down year-to-date per Yahoo Finance data.
Why it matters: By staking ~85% of its 5.95 million ETH, Bitmine projects $334M in annualized revenue on a $15.8B treasury — converting crypto holdings into a yield-generating asset, unlike Bitcoin treasury companies whose BTC produces no native staking income. At ~4.9% of all circulating ETH, Bitmine's accumulation pace gives it outsized influence over Ethereum's staking base.
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