BitMine's Ethereum Holdings Near 5% Mark as Company Continues Staking Program

BitMine's Ethereum holdings have reached new heights, with the company adding another 7,391 ETH last week. This brings their total to approximately 5.805 million ETH, accounting for roughly 4.8% of the total Ethereum supply.

The company has been steadily increasing its ETH stash since launching its treasury strategy in 2025 and is now close to achieving its target of owning 5% of the Ethereum supply.

Notably, more than 4.9 million ETH is already staked through BitMine's MAVAN setup, generating an estimated annual yield of $250 million at current rates. This lucrative yield is likely a key factor in the company's continued investment in Ethereum.