BitMine Stakes $1.2 Billion in Ether as Holdings Top 4.1 Million

Overview

• BitMine disclosed 408,627 ETH staked with three providers, confirming on-chain tallies that tracked roughly 342,560 ETH deposited over 48 hours.
• The firm now holds 4,110,525 ETH, equal to about 3.41% of circulating supply, after adding 44,463 ETH last week and reporting total crypto and cash assets of $13.2 billion.
• Ethereum’s validator entry queue stretched to roughly 12 days and 20 hours as staking inflows outpaced exits for the first time since June, signaling stronger long-term positioning.
• BitMine reiterated a long-term goal to control about 5% of ETH and said its Made in America Validator Network (MAVAN) remains on track for an early‑2026 launch following pilot work with three staking partners.
• At current composite yields near 2.81%–3.12%, analysts and company estimates suggest fully staking the treasury could generate around 126,800 ETH annually, or roughly $374 million, with withdrawals subject to queue delays.