Overview
- On December 27, on-chain data showed Bitmine deposited 74,880 ETH—about $219 million—into Ethereum staking, marking its first validator participation.
- The move serves as an operational test of the company’s in-house Made in America Validator Network and signals a shift toward earning protocol rewards.
- Bitmine holds about 4.066 million ETH, roughly $11.9 billion at current prices, and has previously outlined an ambition to reach around 5% of circulating supply.
- At an estimated 3.12% network yield, fully staking the treasury could produce roughly 126,800 ETH per year, worth about $371 million at current prices.
- Staking introduces withdrawal queues that constrain liquidity, even as Chairman Tom Lee projects Ethereum could reach $7,000 to $9,000 in early 2026.