Bitmine projects $334M in annual staking revenue from $15.8B crypto treasury — SkimNews
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- Bitmine Immersion Technologies acquired 27,180 ETH last week, bringing its total to more than 5.95 million ETH (~$15.4 billion), equal to about 4.9% of Ether's circulating supply
- Bitmine has staked more than 5.06 million ETH — roughly 85% of its holdings — generating an estimated $334 million in annualized staking revenue at current rates
- Bitmine's 85% staking ratio closely matches Grayscale Ethereum Staking ETF's 84.6%, but the source notes ETH's native staking yield gives the firm a structural edge over Bitcoin treasury companies
- Bitmine shares traded just below $25 on Monday, up nearly 38% over the past month but still down year to date per Yahoo Finance
- Strategy skipped Bitcoin purchases for a second straight week, with BTC holdings unchanged at 845,050 BTC as of Sept. 13, and instead repurchased about 1.42 million shares of STRC preferred stock for $139.3 million between Sept. 8 and Sept. 13
Why it matters: Bitmine's 85% ETH staking ratio converts its $15.8 billion crypto treasury into roughly $334 million in recurring annual revenue — a yield structure Bitcoin treasury companies cannot replicate since BTC holdings generate no native staking income.
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