BitMine Immersions, the largest Digital Asset Treasury (DAT) on Ethereum, has taken a diverse approach to its ETH holdings. In a remarkable display of long-term confidence, the platform has launched Ether staking.
Over the past two weeks, BitMine has staked around 771K ETH, representing about 18.6% of its substantial Ethereum treasury. This move not only underscores the company’s innovative approach to managing its digital asset portfolio but also its growing influence in the crypto ecosystem.
Why BitMine’s ETH Staking Could be a Game-Changer?
According to an analysis presented by CryptoQuant in an X post, BitMine has embarked on a staking journey, highlighting its unique approach to its Ether holdings. The report states that the company has staked approximately 771,000 ETH- roughly 18.6% of its massive 4.14 million Ethereum treasury- in a mere two weeks.
This strategic move enables BitMine to accumulate ETH through purchases and generate additional tokens through staking rewards. Thus, this approach diversifies the company’s revenue streams, leveraging the potential of Ethereum.
In simpler terms, BitMine is using a portion of its vast ETH holdings to participate in Ethereum’s staking mechanism, which allows validators to lock up their ETH to support the network’s security and validate transactions. By doing so, the platform can earn staking rewards in the form of extra ETH, providing a new avenue for growth and revenue.
While BitMine CEO Tom Lee sees the company’s Ethereum accumulation strategy and its total acquisition till now as a “tremendous achievement,” he considers Ethereum staking as a way to generate more income. In addition, the move is also the company’s tactical manoeuvre to counter the $4 billion losses amid the recent downtrend in the Ether prices.
While the Ether token continued to hover below the significant $3k level for weeks, the firm experienced severe unrealized losses, estimated to be around $3.5 billion and $4.2 billion. Despite this negative sentiment and significant losses, the company continued to accumulate more tokens, unlike other Ethereum treasury firms like ETHZilla.
With an estimated annual percentage yield of 3.2%, the Ethereum Treasury firm’s staked ETH could generate more than 126K ETH in interest each year. At the current price, this translates to around $400 million in ETH returns annually. Lee stated,
““We continue to make progress on our staking solution known as The Made in America Validator Network (MAVAN). This will be the ‘best-in-class’ solution offering secure staking infrastructure and will be deployed in early calendar 2026.”
In addition, BitMine’s ETH staking initiative is poised to make a substantial contribution to the security and stability of the Ethereum network. This strategic move also supports the company’s long-term objective of accumulating 5% of Ethereum’s circulating supply.
BitMine Continues to Strengthen Ethereum Treasury
Amid its Ethereum staking initiative, BitMine continues to accumulate more Ether tokens. According to its official statement released yesterday, the company has acquired about 32,977 ETH over the past week, valued at around $104 million. With this latest purchase, the platform’s total Ethereum holdings have hit a staggering 4,143,502 tokens, equivalent to around $13 billion.
In addition, BitMine’s total crypto and cash holdings have now surged to $14.2 billion, with ETH representing a gigantic portion of it. The firm also holds 192 BTC, worth $17.8 million, $915 million cash reserve, and $25 million WLD treasury from Eightco.
