BitMine (BMNR) Stakes $259M More ETH: 74% of Treasury Now Yielding Big

Quick overview

BitMine Immersion Technologies (BMNR), led by Fundstrat’s Tom Lee, recently made a $259 million Ethereum staking deposit (about 112,040 ETH) through Coinbase Prime. By April 25, 2026, the company’s staked holdings reached 74.38%, totaling 3,701,589 ETH worth around $8.58 billion.

Key Highlights

• Total ETH Treasury: Approximately 4.98–5.08 million ETH (4.1–4.2% of total supply), on track for its 5% target.
• Yield Power: By staking heavily through its own MAVAN (Made in America Validator Network), BitMine generates significant annual revenue. Earlier projections estimated this could range from $174 million to $330 million, depending on scale and yields.
• Strategic Pivot: BitMine has shifted from its Bitcoin mining origins to become the world’s largest corporate Ethereum treasury. The company now treats ETH as a compounding digital bond for institutions.

TOM LEE BACKED BITMINE MAKES ANOTHER MASSIVE ETHEREUM STAKING MOVE

Tom Lee (@fundstrat) backed Bitmine (@BitMNR) has staked another 98,352 $ETH worth $227 million, per lookonchain.

The move comes as institutional staking activity continues to rise.

Bitmine now firm holds over… pic.twitter.com/aorL7ccKRY

— BSCN (@BSCNews) April 24, 2026

This recent deposit takes a large amount of ETH out of circulation, adding to the trend of institutional accumulation seen with ETF inflows and other major investors. It strengthens BitMine’s position as a key player in Ethereum’s Proof-of-Stake system and its long-term growth in DeFi, real-world assets, and tokenized assets.

Market Impact

ETH is trading between $2,300 and $2,500 as the market consolidates. Although broader economic factors and Bitcoin’s dominance may limit short-term price jumps, BitMine’s strong staking activity shows its confidence in Ethereum. BMNR stock has struggled this year but is supported by the increasing focus on Ethereum treasury strength.

Analysts see this as part of Ethereum’s “Wall Street moment.” Ongoing accumulation and full use of MAVAN could lead to higher yields and further reduce the available ETH supply.

Keep an eye out for more deposits, updates on the staking queue, and how these developments affect ETH sentiment in 2026.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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