BitMine, the largest Ethereum treasury firm, deposited approximately $451 million worth of ETH into Ethereum’s proof-of-stake system, marking its first move to generate yield from holdings. The operation comprised two separate deposits—74,880 ETH valued at $219 million followed by 79,296 ETH worth $232 million—bringing the total staked to 154,176 ETH from BitMine’s 4.066 million-ETH treasury.
EmberCN estimates an annual yield of about 3.12%, suggesting that staking the full treasury could produce 126,800 ETH in interest over a year, roughly $371 million at current prices of $2,927 per ETH. The deployment comes earlier than anticipated, with BitMine having disclosed plans in November to begin operations in Q1 2026 through its Made-in-America Validator Network and having chosen three institutional providers for a pilot to test performance and security before full-scale implementation. Separately, BitMine’s stock closed at $28.31 per share on the last trading day, down nearly 4%, reflecting a 43% drop over three months but a 2.5x gain over the past year.
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