The Defiant 23h ago
BitMine Retains 5.07M Staked ETH While Expanding Treasury Holdings
BitMine maintained 5.07 million staked Ether valued at $12.7 billion as its broader staking yields generated $335 million.
Digital asset treasury firm BitMine maintained a steady 5.07 million Ether in its staking reserves, valued at roughly $12.7 billion. The firm also expanded its balance sheet by adding 53,501 ETH during the latest reporting period.
The protocol reported an annualized staking revenue figure of approximately $335 million, demonstrating strong cash flow generation from its core staking infrastructure without requiring liquidations.
Sustained institutional accumulation and lock-up of ETH supply for validation supports network security while removing circulating tokens from secondary spot exchanges.
Key takeaways
- BitMine holds 5.07 million staked ETH worth $12.7 billion.
- The company acquired an additional 53,501 ETH for its treasury.
- Annualized staking revenue reached an estimated $335 million.