Bitmine's Ethereum Treasury Surpasses $15B with Massive Staking Revenue

Bitmine Immersion Technologies has significantly expanded its Ethereum holdings, acquiring an additional 27,180 ETH last week. This brings its total Ether holdings to over 5.95 million ETH, worth approximately $15.4 billion and accounting for around 4.9% of the circulating supply.

The company's treasury now includes more than $15.8 billion in assets, with the majority being cash and other crypto holdings. Bitmine reported that it has staked over 5.06 million ETH, generating an estimated annualized staking revenue of around $334 million at current rates.

With roughly 85% of its Ether now staked, Bitmine is leveraging its massive ETH treasury to generate recurring revenue. This strategy offers a key advantage over Bitcoin treasury companies, whose core BTC holdings do not produce native staking yield.