Of the nearly 5 million ETH it now holds, 3.33 million is actively staked through its validator platform, generating more than $200 million in annualized staking revenue.
For a company built around accumulating a single digital asset, that income stream turns what might look like a speculative bet into something closer to an operating business.
The transaction was disclosed Monday through a press release and a Form 8-K filing with the US Securities and Exchange Commission.
Its stated target is 5%, a goal the company refers to internally as the “alchemy of 5%.” At the current pace, it is around 80% of the way there.
Beyond its ETH position, Bitmine also holds 199 Bitcoin, a $200 million stake in Beast Industries, a $107 million stake in Eightco Holdings, and $1.12 billion in cash. Total crypto and cash holdings stand at close to $13 billion.
NYSE Uplisting Came Before The PushThe NYSE listing gives the company broader visibility among institutional investors at a time when crypto balance sheet strategies are spreading across public markets.
No other public company comes close to Bitmine’s total ETH exposure, according to data from CoinGecko, which tracks corporate Ethereum treasuries.
Featured image from Consensys, chart from TradingView
