Overview
- Bitmine bought 50,928 ETH last week, bringing its total to 4,473,587 ETH, or roughly 3.71% of Ethereum’s circulating supply.
- About 3,040,483 ETH—around 68% of its holdings—are staked, generating an estimated $172 million in annualized rewards at current rates.
- The Made in America Validator Network, planned for early 2026, is projected to lift annual staking revenue toward roughly $253 million when fully deployed.
- Management continues a methodical push toward a 5% ETH supply goal, now roughly three-quarters complete, and the firm ranks as the largest corporate ETH treasury and second-largest overall behind MicroStrategy.
- Bitmine reports $9.9 billion in crypto, cash and strategic investments; BMNR shares rose about 8% Monday and average roughly $800 million in daily trading volume, while third-party trackers estimate multi‑billion unrealized losses.