Bitmine's Ethereum Treasury Generates Estimated $334M in Annual Staking Revenue

Bitmine Immersion Technologies has continued to add to its massive Ethereum (ETH) treasury, acquiring another 27,180 ETH last week. This brings its total holdings to over 5.95 million ETH, worth around $15.4 billion and representing about 4.9% of Ether's circulating supply.

Including cash and other crypto assets, Bitmine reported total holdings of approximately $15.8 billion. The company said more than 5.06 million ETH is now staked, generating an estimated $334 million in annualized staking revenue at current rates.

This strategy offers a key advantage over Bitcoin (BTC) treasury companies, whose core BTC holdings do not generate native staking yield. Bitmine shares were little changed on Monday, trading just below $25 in morning trading.