BitMine has significantly increased its Ethereum staking, amassing a total of 1.08 million ETH, valued at approximately $3.7 billion. This surge follows the company's recent transactions where it added 86,400 ETH to its stake.
According to data from Lookonchain, BitMine now holds a portfolio worth over $3 billion in Ethereum. Analyst Tom Lee reported on social media that the firm staked an additional 109,504 ETH, reinforcing its position as the largest corporate holder of Ethereum, followed by SharpLink and The Ether Machine.
With a current yield of 2.81%, BitMine is projected to earn around $94.4 million annually from its Ethereum holdings, as noted by analyst Nick Pakrin. This yield provides a cash flow advantage over assets like Bitcoin, which do not generate income.
Despite its growing Ethereum stake, BitMine's stock is currently trading at $30.06, significantly lower—by 80%—than its all-time high in July 2025. Earlier this month, BitMine's management proposed increasing the maximum share issuance limit from 50 million to 50 billion, a strategic move aimed at keeping share prices affordable, ideally around $25.
