BitMine's Ethereum Staking Engine Reaches New Heights with $250M Annual Yield

BitMine's Ethereum staking engine has reached 5,815,164 ETH, which is approximately 4.8% of the total Ethereum supply.

The company added 9,926 ETH over the past week, but the most significant figure is not the weekly purchase, but rather the 5,067,309 ETH that BitMine has staked, accounting for roughly 87% of its total Ethereum position.

At this scale, BitMine projects about $250 million in annualized staking revenue, turning its treasury into an income-generating asset base rather than a passive store of value.