Ethereum treasury company Bitmine has started staking Ethereum tokens, depositing approximately $451 million worth of ETH into Ethereum’s proof-of-stake (PoS) system on Saturday, December 27th. This appears to be a new strategy for the digital asset treasury (DAT) company, which has managed to maintain a presence in the nascent and uncertain space of the crypto industry.
How much money can BitMine make from Ethereum staking?
Early on Saturday morning, December 27th, on-chain analyst EmberCN revealed that BitMine has finally begun attempting to stake its Ether holdings to earn interest income. The largest Ethereum treasury company deposited 74,880 ETH (equivalent to $219 million) into Ethereum PoS contracts.
In another subsequent transaction, BitMine deposited 79,296 ETH (worth approximately $232 million) into Ethereum PoS staking. This brings the company’s total investment in the ETH network to 154,176 ETH (approximately $451 million) in the past day and to date.
Source: @EmberCN on X
EmberCN added to X’s post:
They (BitMine) currently hold 4.066 million ETH with an approximate APY of 3.12%. If you staked it all out, you would earn about 126,800 ETH in interest over the course of a year, which would be worth $371 million at the current price of $2,927.
In early November, Bitmine revealed plans to begin staking Ether in the first quarter of 2026 through a dedicated internal setup called Made in America Validator Network (MAVAN). At the time, the Ethereum treasury company said it had selected three institutional staking providers for the pilot program, using a small portion of ETH to test performance, security, and operational quality before expanding.
Meanwhile, the company has not stopped accumulating Ether tokens despite less optimistic signs in the crypto market. Due to the recent buying spree, BitMine’s Ethereum holdings reached a whopping 4,066,000 ETH.
Apparently, staking provides an opportunity for the largest corporate ETH holders to earn passive income from their Ethereum holdings, especially as the general market continues to underperform. With crypto prices on the decline, most DAT stocks are not enjoying the tailwind they need to rise to new heights.
BMNR 2025 Price Summary
As of this writing, BitMine stock (ticker: BMNR) is valued at approximately $28.31 per share, ending the last trading day down almost 4%. A broader look at stock prices shows that the past few months have been tough for the digital asset government bond sector.
According to TradingView data, BMNR’s value has fallen by nearly 43% in the past three months. However, it’s worth noting that the stock has grown almost 2.5x over the past year.
The price of BMNR on the daily timeframe | Source: BMNR chart on TradingView
Featured image from iStock, chart from TradingView
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