Bitmine Immersion Technologies said it added 40,302 Ether over the past week, raising holdings to 4,243,338 ETH and increasing staked ETH by 171,264 to 2,009,267, according to an announcement said.
At a 2.81% Composite Ethereum Staking Rate, the company’s staked position equates to about $164 million in annualized staking revenue.
Chairman Tom Lee said staking the company’s full ETH balance would produce roughly $374 million annually, or “greater than $1 million per day,” per the same benchmark.
The firm is working with multiple staking providers and plans a U.S. validator infrastructure launch in 2026 (Ed. note: this would internalize staking operations).
Bitmine reported $682 million in cash, 193 Bitcoin and minority equity stakes, totaling about $12.8 billion in crypto and cash holdings stated.
Its ETH now represents roughly 3.52% of a 120.7 million coin circulating supply, with a goal to reach 5% of total supply.
Staking has become a core strategy for other treasuries.
SharpLink Gaming said it generated 10,657 ETH (about $33 million) in staking rewards over seven months, according to its dashboard data shows, and the company posted the update publicly here.
Other firms pivoting include Bit Digital, which plans to shift proceeds from mining to ETH and holds 153,546 ETH, per data.
Market rankings place these firms among top Ether treasuries, according to CoinGecko.
Ethereum’s validator queue shows an entry backlog exceeding 2.6 million ETH while exits hit zero, signaling strong demand for staking.
