Bitmine Expands Ethereum Treasury to 5.8M ETH, Staking Majority for Yield

BitcoinWorld Bitmine Expands Ethereum Treasury to 5.8M ETH, Staking Majority for Yield Bitmine, a prominent cryptocurrency mining and treasury management firm, has disclosed the acquisition of an additional 7,391 ETH over the past week.

This purchase increases the company’s total Ethereum holdings to 5,805,238 ETH, representing approximately 4.8% of the entire ETH supply. Staking Strategy and Revenue Generation The company reported that 5,067,309 ETH — roughly 87% of its holdings — is currently staked.

Based on current market rates, Bitmine expects to generate approximately $257 million in annual staking revenue from this position.

This strategic emphasis on staking underscores a broader trend among institutional players seeking to derive yield from their digital assets rather than holding them passively.