Bitmine said it bought an additional 27,801 ETH over the past week and plans to keep the steady accumulation pace it has followed since 2026. As of July 12, the company held 5.77 million ETH in total, with 4.917 million ETH, or about 85% of its holdings, already staked. Using an ETH price of $1,820, Bitmine put the value of that staked position at roughly $9 billion. Based on a 2.70% annual staking yield, the company estimated annualized staking income at about $242 million. If all of its ETH were staked, annualized staking rewards would rise to about $284 million. Bitmine also said it launched MAVAN, short for Made in American Validator Network, as an institutional Ethereum staking platform this year and plans to open it to institutional investors, custodians and ecosystem partners. The company added that it is now the world’s largest ETH treasury holder and ranks second globally by crypto reserve size, behind Strategy, which it said holds 843,775 BTC. Bitmine also pointed to the GENIUS Act and the U.S. Securities and Exchange Commission’s Project Crypto as major drivers of change in digital asset financial infrastructure.
Bitmine said it purchased another 27,801 ETH over the past week and will keep the steady accumulation pace it has maintained since 2026, as the company works toward what it called its “Alchemy of 5%” target for this year.
As of July 12, Bitmine held 5.77 million ETH in total. Of that amount, 4.917 million ETH, roughly 85% of its holdings, had already been staked. Using an ETH price of $1,820, the company valued that staked ETH at about $9 billion.
Bitmine said that at a 2.70% annual staking yield, its annualized staking income would be about $242 million. If all of its ETH were staked, annualized staking rewards would reach $284 million.
The company also said it launched MAVAN, or Made in American Validator Network, this year as an institutional Ethereum staking platform. It plans to open the platform to institutional investors, custodians and ecosystem partners.
Bitmine said it is currently the world’s largest ETH treasury holder. By crypto reserve size, it said it ranks second globally, behind Strategy, which the company said holds 843,775 BTC.
Bitmine also said the GENIUS Act and the U.S. Securities and Exchange Commission’s Project Crypto will drive changes in digital asset financial infrastructure, comparing their significance to the impact that the end of the Bretton Woods system in 1971 had on Wall Street’s modernization.
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