- Bitmine now holds 5.78 million ETH, making it the world’s largest corporate Ethereum treasury.
- More than 4.9 million ETH has already been staked, with projected annual staking revenue of up to $290 million.
- The company continues buying ETH while repurchasing its own shares, signaling confidence in both its treasury strategy and long-term valuation.
Bitmine has reinforced its position as the largest corporate holder of Ethereum, revealing that it now owns 5,777,468 ETH alongside 207 Bitcoin and hundreds of millions of dollars in additional investments and cash.
Based on Ethereum prices of $1,879, the company’s ETH treasury represents roughly 4.8% of the network’s total circulating supply, making Bitmine one of the most influential participants in the Ethereum ecosystem.
The update also highlights the company’s growing focus on staking, which management believes could become a significant long-term source of recurring revenue.
Ethereum Treasury Continues to Expand
During the past week, Bitmine added another 7,430 ETH, extending a buying streak that has continued every week since launching its Ethereum treasury strategy.
The slower pace of purchases came after the company allocated capital toward a 5.5 million-share stock buyback, repurchasing shares at an average price of $15.62 under its previously approved $4 billion repurchase program.
According to Chairman Tom Lee, the buyback represents an attractive use of capital while continuing to expand Bitmine’s Ethereum position over time.
Staking Is Becoming a Core Business
Bitmine has already staked approximately 4.92 million ETH, representing about 85% of its total holdings.
Management estimates that once its entire Ethereum treasury is deployed through staking, annual staking rewards could reach approximately $290 million, based on current network yields. At present staking levels, projected annual staking revenue stands at roughly $247 million.
Those recurring rewards could provide Bitmine with a steady income stream while allowing the company to maintain ownership of its Ethereum treasury.
MAVAN Targets Institutional Growth
Supporting the staking strategy is MAVAN (Made in American VAlidator Network), Bitmine’s institutional-grade staking platform.
Originally built to manage the company’s own Ethereum holdings, MAVAN is expected to expand its services to institutional investors, custodians, and other ecosystem participants seeking enterprise-level staking infrastructure.
The platform positions Bitmine to generate revenue not only from its own ETH holdings but potentially from third-party staking services as adoption grows.
Ethereum Strategy Continues to Differentiate Bitmine
While Strategy remains the world’s largest corporate cryptocurrency holder through its massive Bitcoin treasury, Bitmine has established itself as the clear leader among companies focused on Ethereum.
Management believes recent U.S. regulatory developments, including the GENIUS Act and the SEC’s Project Crypto initiative, could accelerate blockchain adoption across traditional financial markets.
With nearly 5.8 million ETH, an expanding institutional staking platform, and billions of dollars in digital assets under management, Bitmine is increasingly positioning itself as an infrastructure company built around Ethereum rather than simply a corporate treasury holder.
