Ethereum treasury company Bitmine began staking Ether tokens on Saturday, December 27, depositing approximately $451 million worth of ETH into Ethereum's proof-of-stake (PoS) system. This appears to be a new strategy for the digital asset treasury (DAT) company, which has managed to stay relevant in this nascent and uncertain sector of the cryptocurrency industry.
How much does BitMine make from Ethereum staking?
In the early hours of Saturday, December 27, on-chain analyst EmberCN revealed that BitMine has finally begun attempting to stake its Ether holdings to earn interest. The largest Ethereum treasury firm deposited 74,880 ETH (equivalent to $219 million) into Ethereum PoS contracts.
In a separate transaction, BitMine deposited 79,296 ETH (equivalent to approximately $232 million) into Ethereum PoS staking. This brings the company's total stake in the ETH network over the past day to date to 154,176 ETH (about $451 million).
Source: @EmberCN on X
EmberCN added to X's post:
They (BitMine) currently hold 4.066 million ETH, which is roughly an APY of 3.12%. Staking them all would earn you about 126,800 ETH in interest over a year, which would be worth $371 million at today's price of $2,927.
In early November, Bitmine revealed plans to launch Ethereum staking in the first quarter of 2026 through a dedicated in-house setup called the Made-in America Validator Network (MAVAN). At the time, the Ethereum treasury company said it had selected three institutional staking providers for a pilot program, using a portion of ETH to test performance, security and operational quality before scaling.
Meanwhile, financial firms have not stopped accumulating Ether tokens despite some not-so-optimistic signs in the cryptocurrency market. The recent bulk buying brought BitMine's Ethereum holdings to a whopping 4.066 million ETH.
As shown, staking provides an opportunity for the largest corporate ETH holders to earn passive income from their Ethereum holdings. This is especially true as the general market continues to underperform. With cryptocurrency prices trending lower, most DAT stocks haven't been able to enjoy the tailwind they need to soar to new heights.
BMNR 2025 Pricing Summary
As of this writing, BitMine stock (ticker: BMNR) is valued at approximately $28.31 per share, closing the last trading day down nearly 4%. Looking at stocks more broadly, we can see that the digital asset Treasury sector has had a tough time over the past few months.
BMNR's value has fallen nearly 43% over the past three months, according to data from TradingView. However, it is worth noting that the stock price has grown almost 2.5 times 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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