The firm now holds 5.8 million ETH, staking 87% of its holdings for projected annual revenue of $257 million.
BitMine increased its Ethereum holdings by 7,391 ETH in the past week, pushing total holdings to 5,805,238 ETH, or 4.8% of the total supply. The acquisition marks a continued expansion of its staked assets, which now total 5,067,309 ETH.
The company has staked approximately 87% of its ETH holdings, with projected annualized staking revenue of $257 million. BitMine also repurchased 3 million shares during the week, bringing total buybacks since July to 19.1 million shares.
The move reflects growing institutional participation in Ethereum staking amid rising demand for yield-generating assets.