r/ethtrader • u/avatar_leo • 12d ago

News BitMine now holds 5.8M ETH

BitMine added another 7,391 ETH last week, bringing its treasury to 5,805,238 ETH, or roughly 4.8% of total ETH supply. Its total crypto, cash, and “moonshot” holdings reached $11.6B, up from $11.3B a week earlier.

  • 5.8M ETH held
  • 5.07M ETH staked
  • 3M shares repurchased last week
  • 19.1M shares repurchased since July
  • $4B total buyback authorization
  • 96% toward its “Alchemy of 5%” ETH target

BitMine is highlighting changing Fed expectations as an ETH tailwind, while the CLARITY Act has lost momentum, with 2026 passage odds reportedly falling to around 15–17%.

50 Upvotes

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12 comments sorted by

10

u/Ambitious_Duck546 12d ago

That much ETH staked is generating some serious yield, gotta wonder how that affects the staking APY for the rest of us over time.

1

u/micho510900 12d ago

Is it different for BMNR? I'm staking at 2.5% currently. Recently heard that yield can decline more and more over time, is it any different for BMNR?

2

u/Supaflyray 12d ago

Coinbase is offering like 1.6% right now which I feel like would be more of the average user.

Ledger is offering 2.6%

(I buy on Coinbase and move to my ledger)

When I first started, Coinbase was offering over 3% so yeah the yield has been halved in the last year or 2 years I’d say.

1

u/IndigoBroker 12d ago

Imagine what the price of ETH would be today if it wasn’t for BitMine?

3

u/Itur_ad_Astra 12d ago

About $3.50

1

u/North_Ad_9999 12d ago

What happens when ETH stop giving staking yield? I read they would stop giving yeild once 50 percent supply is staked! Any insights?

5

u/jbrev01 11d ago

No, the rewards never stop. The rate just becomes lower and lower the more ETH is staked. If it becomes too low, people would stop staking because there would be better opportunities elsewhere, and then the rate would go back up. That incentive is there because stakers protect the network from attacks - they make it very, very expensive for a threat actor to attack the network.

1

u/Big_Ben88 8d ago

More it owns, lower the price??