Bitmine's Ethereum staking portfolio set to deliver $160M yearly returns
With over 2 million ETH currently staked from its treasury valued at approximately $5.7 billion, the publicly listed company aims to continue expansion.
The expanding Ethereum staking portfolio held by Bitmine Immersion Technologies could generate approximately $160 million in yearly staking revenue based on prevailing rates, as an increasing portion of its Ether reserves becomes actively deployed within the network.
As the largest Ether treasury among publicly listed companies, Bitmine disclosed the acquisition of 40,302 Ether (ETH) during the previous week, pushing its complete holdings to 4,243,338 million ETH. The company's staked ETH inventory surged by 171,264 ETH throughout this timeframe, elevating the total amount staked to 2,009,267 ETH.
Using the 2.81% Composite Ethereum Staking Rate (CESR) referenced by the organization, a metric intended to calculate the yearly yield earned by Ethereum validators, Bitmine's current staked Ether allocation would yield $164 million in projected annual revenue according to ETH's market value at the moment of publication.
Company Chairman Tom Lee stated that should the entirety of the firm's Ether reserves be allocated to staking, the venture would produce approximately $374 million each year or "greater than $1 million per day," utilizing the identical CESR benchmark for calculations.
The organization is collaborating with several staking service providers and intends to establish its own validator infrastructure based in the United States during 2026, a move that would enable the company to manage staking operations internally.
In addition to its ETH portfolio, Bitmine disclosed maintaining $682 million in liquid cash, 193 Bitcoin (BTC) along with minority positions in various equity investments, elevating the combined total of cryptocurrency and cash reserves to $12.8 billion.
Bitmine's current ETH reserves represent 3.52% of the token's available circulating supply, calculated against an estimated total of 120.7 million ETH in circulation. The firm's ultimate objective involves acquiring 5% of the entire ETH supply.
Staking emerges as a core strategy for Ether companies
Bitmine isn't the sole digital asset treasury company deploying a substantial share of its reserves to staking in order to capture protocol-generated rewards. SharpLink Gaming has similarly revealed that it generates staking yields from its Ether holdings as an element of a comprehensive fully-staked ETH approach.
On Jan. 9, SharpLink Gaming reported that it produced 10,657 Ether, representing a value of roughly $33 million, through staking rewards across the preceding seven-month period, based on information made available on the company's public dashboard.
SharpLink currently ranks as the second-largest Ether treasury corporation holding 864,840 ETH, based on data compiled by CoinGecko.
Staking, which involves the process of committing tokens to support the security of proof-of-stake blockchain networks while receiving protocol-distributed rewards in return, has emerged as a fundamental motivation for numerous companies that transitioned toward Ether treasury strategies throughout 2025.
In June, Bit Digital made public its intentions to either wind down or divest its Bitcoin (BTC) mining operations and deploy the capital generated to expand its Ether portfolio. As of the current writing, Bit Digital possessed 153,546 ETH and merely six BTC, as indicated by data sourced from CoinGecko.
Approximately one month following that announcement, Ether Machine revealed plans to introduce a publicly traded, yield-oriented Ether investment vehicle designed specifically for institutional market participants. Ether Machine currently holds the position of third-largest Ether treasury company, maintaining 496,712 ETH.
The growing appetite for Ethereum staking has become progressively apparent through Ethereum's validator queue metrics. On Jan. 17, Cointelegraph published a report indicating that Ethereum's staking exit queue had declined to zero, whereas over 2.6 million ETH remained queued to enter staking, representing the most substantial entry backlog witnessed since the middle of 2023.
