BitMine accumulated 7,391 ETH this week and now stakes 5.1M ETH (87% of holdings) with ~$257M projected annual staking revenue.
DeFi & Yields ·
BitMine accumulated 7,391 ETH during the past week, expanding its total holdings to approximately 5.8 million ETH, representing roughly 4.8% of circulating supply. The company has staked 5,067,309 ETH—about 87% of its holdings—generating a projected $257 million in annualized staking revenue from those positions.
In parallel with its ETH acquisition, BitMine repurchased 3 million shares in the same week, pushing cumulative buybacks since July to 19.1 million shares. The share repurchase program appears coordinated with the company's ongoing ETH accumulation strategy.
The staking deployment rate—87% of holdings—indicates a substantial commitment to generating yield on the protocol layer. Whether BitMine plans to increase its staked proportion further or maintain this ratio, and how the company intends to fund continued ETH purchases at its current pace, remain unspecified.