Bitmine raises staked Ether to 2.01M after adding 40,302 ETH

Bitmine Immersion Technologies said it added 40,302 Ether (ETH) over the past week, lifting total holdings to 4,243,338 million ETH and increasing its staked balance by 171,264 ETH to 2,009,267 ETH. Using the 2.81% Composite Ethereum Staking Rate (CESR) cited by the company, Bitmine’s staked Ether position would translate into $164 million in annualized revenue based on the ETH price at the time of writing.

Chairman Tom Lee said that if all of the company’s Ether were staked, the operation would generate about $374 million annually, or “greater than $1 million per day,” based on the same CESR benchmark. Bitmine said it is working with multiple staking providers and plans to launch its own US-based validator infrastructure in 2026, which it said would allow it to internalize staking operations.

The company reported $682 million in cash, 193 Bitcoin and minority equity investments, bringing total crypto and cash holdings to $12.8 billion. Its ETH holdings now account for 3.52% of the token's circulating supply based on an estimated 120.7 million ETH outstanding, and the company’s goal is to acquire 5% of the total supply.

Other public Ether treasuries have also pursued staking: SharpLink Gaming disclosed 10,657 ETH in staking rewards over seven months and holds 864,840 ETH; Bit Digital held 153,546 ETH and six BTC; Ether Machine holds 496,712 ETH. Cointelegraph reported on Jan.

Key Topics

Crypto, Bitmine, Ether, Tom Lee, Staking, Validator Infrastructure