Bitmine ETH Treasury Tops 5.74M ETH With Staking Yields, Russell 1000 Boost

Bitmine Immersion Technologies said its ETH treasury has risen to 5,742,237 ETH, putting it about 95% of the way toward its stated goal of owning 5% of Ethereum’s supply. With Ethereum’s supply estimated near 120.7M ETH, Bitmine’s stake is roughly 4.8%. Staking remains central. Bitmine reported 4,879,157 ETH staked (about 85% of holdings) via its MAVAN validator network and partner infrastructure. Using the latest seven-day annualized staking yield of 2.68%, the company projects annualized staking revenue around $235M (and links the model to validator-reward economics). The firm also highlighted broader balance-sheet scale, with total crypto/cash/marketable securities and “moonshots” about $11.1B, including 206 BTC and about $527M in cash/marketable securities, plus equity stakes in Beast Industries and Eightco Holdings. Catalyst: chairman Tom Lee tied the buildout to improving regulatory expectations, citing rising odds for the CLARITY Act. He said clearer rules could support Ethereum use cases, while Ethereum layer-2 networks already handle enterprise USDC flows (e.g., for Shopify and Visa). Market/flow angle: Bitmine was added to the Russell 1000 Large-cap Index on June 26. Lee expects this to bring “hundreds and possibly thousands” of institutional investors into the shareholder base. Traders may see index inclusion plus continued ETH treasury accumulation as supportive for ETH sentiment, but near-term ETH price volatility and liquidity risk remain material for any treasury-and-staking thesis.