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      BitMine Reports 5.07 Million ETH Staked as Treasury Grows

      BitMine Immersion Technologies has disclosed that it holds 5,067,309 ETH staked as of August 30, a position valued at approximately $12.7 billion based on an ETH price of $2,511. This staked balance has remained unchanged since August 9. Additionally, BitMine acquired 53,501 ETH in the past week, bringing its total ETH holdings to 5,901,112.

      The company claims that its treasury represents 4.9% of Ethereum's total supply of 120.7 million ETH, with a stated goal of acquiring 5% of the total supply. BitMine reported an annualized yield of 2.63% from its staking operations over the past week, which translates to an estimated $335 million in yearly staking revenue. If the entire ETH balance were staked through its Made in America Validator Network (MAVAN) and other partners, the projected annual staking rewards could reach $390 million.

      BitMine launched MAVAN in April and indicated that a portion of its staked ETH was already allocated to this network. However, the latest report does not specify how much of the staked ETH is managed by MAVAN. The company’s staked position has shown steady growth, surpassing 5 million ETH by August 9, but has remained stable in subsequent weeks. Chairman Tom Lee stated that BitMine has staked more ETH than any other entity, although no comparative data was provided.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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