BitMine holds 5.07 million staked ETH as treasury grows to nearly 6 million
Staked ETH balance remains flat for four weeks
BitMine Immersion Technologies reported that its staked Ethereum (ETH) balance stayed at 5,067,309 ETH from August 9 to August 30, 2026. The company valued this position at $12.7 billion, using an ETH price of $2,511.
During the same period, BitMine added 53,501 ETH to its total holdings, which now reach 5,901,112 ETH. The company described its treasury as 4.9% of Ethereum’s total supply of 120.7 million ETH.
Staking revenue and yield estimates
BitMine said its staking operations generated a 2.63% annualized yield over seven days. Based on this rate, the company estimated $335 million in yearly staking revenue from its current staked balance. If its entire ETH holdings were staked at the same yield, it projected $390 million in annual rewards.
The estimates use a seven-day annualized yield, not a full-year result. Staking involves locking up crypto assets to support a blockchain network and earn rewards.
MAVAN network details remain unclear
BitMine launched its Made in America Validator Network (MAVAN) in April 2026. While the company previously said some of its 3,334,637 staked ETH was on MAVAN, the latest report does not specify how much of the 5.07 million staked ETH is now on the network.
The $335 million revenue figure refers to annualized staking revenue, not customer fees.
Growth since early July
In early July, BitMine’s staked position was 4,879,157 ETH. It crossed 5 million by August 9 but has not increased in the four most recent weekly reports.
Chairman Tom Lee claimed BitMine had staked more ETH than any other entity, but the report did not provide data to verify this.
What is confirmed
- BitMine’s staked ETH balance remained at 5,067,309 ETH from August 9 to August 30, 2026.
- The company added 53,501 ETH to its total holdings, reaching 5,901,112 ETH.
- BitMine estimated $335 million in annual staking revenue based on a 2.63% seven-day annualized yield.
- The treasury represents 4.9% of Ethereum’s total supply.
What is still unclear
- The exact amount of ETH staked through MAVAN is not specified.
- Whether BitMine truly holds the largest staked ETH position cannot be confirmed from the report.
