Bitmine’s staked Ether holdings point to $164M in annual staking revenue

Bitmine, a major institutional player in the cryptocurrency space, is projected to generate approximately $164 million in annual revenue solely through its large-scale Ethereum staking operations, according to recent analysis derived from public blockchain data and prevailing market yields. This projection underscores the shift of large entities toward high-yield, low-risk revenue streams within the Proof-of-Stake (PoS) ecosystem.

Analysts estimate that Bitmine currently holds and actively stakes roughly 1.34 million Ether (ETH). Based on an average ETH price of $3,500 and a consistent staking Annual Percentage Yield (APY) hovering around 3.5%, the total value locked (TVL) in their staking portfolio exceeds $4.69 billion. This substantial holding makes the company one of the largest non-custodial validators in the Ethereum network, significantly contributing to the network’s security and stability.

The $164 million figure represents a critical, non-dilutive revenue stream for Bitmine, generated purely through network participation rewards. This passive income is particularly attractive as it offers a robust yield independent of typical mining volatility or spot market trading fluctuations. Furthermore, should the price of Ethereum appreciate further, or if protocol upgrades lead to higher transaction fee distribution to validators, Bitmine’s expected annual revenue could easily exceed current forecasts.

Experts suggest that this move highlights a growing trend among institutional holders to monetize dormant assets by leveraging decentralized finance (DeFi) primitives like staking. The predictable yield derived from PoS systems provides a strong financial footing, potentially paving the way for larger traditional finance entities to follow suit in generating stable returns from digital assets.

Source: Bitmine’s staked Ether holdings point to $164M in annual staking revenue