- Bitmine added 71,672 ETH to its balance, increasing its treasury fund to 5,28 million tokens.
- Bitmine has staked 4,71 million ETH, generating $289 million in annual revenue.
The largest corporate holder of Ethereum replenished its crypto reserve of 71,672 ETH. Now on the balance sheet of Bitmine Immersion Technologies kept 5,278,462 ETH. This represents nearly 4,3% of the 120,7 million ETH in circulation, meaning the company is getting closer to its goal of owning 5% of the leading altcoin’s total supply.
Over the past week, we’ve acquired 71,672 ETH. We view ETH’s recent pullback to below $2,200 as an attractive opportunity. Bitmine is expected to reach the ‘5% alchemy’ sometime around 2026, said Tom Lee, chairman of the company’s board of directors.
Bitmine has staked nearly 89% of its total Ethereum holdings (around 4,712,917 ETH), which are now valued at approximately $10,3 billion. staking brings the company $289 million in annual revenue.
STAKING: BMNR now staking over 4.7 million ETH
According to Tom Lee, if Bitmine sends to staking If you invest your entire ETH balance, your profit will be approximately $324 million per year.
Bitmine put on staking more ETH than any other organization in the world. With scaling, the projected reward for staking ETH will reach $324 million per year (with BMNR yield of 2,80% for 7 days), Lee said.
The company places a portion of its Ethereum on its own institutional-grade staking platform, MAVAN (Made in American VAlidator Network).
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