BitMine stakes 85% of its ETH: why $330M barely changes the risk equation

Ethereum treasury company BitMine Immersion Technologies continued its weekly accumulation strategy by purchasing another 28,086 ETH.

The latest acquisition extends a buying streak that began when BitMine launched its Ethereum treasury strategy in June 2025.

The purchase increased the company’s total holdings to 5.929 million ETH, valued at approximately $14.78 billion at the time of writing.

BitMine has also staked most of its Ethereum through its Made in America Validator Network, creating an additional source of income alongside potential gains in ETH’s market value.

BitMine stakes 5.067 million ETH

BitMine maintained a staking position of 5.067 million ETH through MAVAN.

That means approximately 85% of the company’s Ethereum holdings are committed to staking. BitMine estimates that the position produces $330 million in annualized staking revenue.

Staking allows ETH holders to help secure the Ethereum network and validate transactions in exchange for rewards.

For a treasury company, those rewards can generate recurring revenue from assets that would otherwise remain inactive.

However, staking returns can change according to network conditions, validator performance and the total amount of ETH committed across the network. Annualized figures are therefore estimates rather than guaranteed future revenue.

BitMine’s strategy combines direct exposure to ETH’s price with staking income, differentiating it from treasury companies that hold cryptocurrencies without deploying them productively.

BitMine remains optimistic about Ethereum following its recent consolidation.

The company cited Tom DeMark, founder of DeMark Analytics and a capital-markets adviser to BitMine, who believes ETH may be preparing to continue its earlier rally.

DeMark said Ether moved sideways in August without suffering a downside break. A 12-day technical metric also expired, which he interpreted as supporting a renewal of the previous uptrend.

He added that last week’s sharp one-day gain may have offered an early indication of the next advance.

Ethereum’s ability to consolidate without falling below important support levels suggests that buyers remain active.

However, the price still needs to clear overhead resistance before confirming a sustained continuation.

Ethereum accounts for most of BitMine’s digital-asset treasury, but the company also holds several other investments.

Its portfolio includes: 211 BTC, a $180 million stake in Beast Industries, $91 million in Eightco Holdings shares, and $593 million in cash and marketable securities.

The cash and securities position gives BitMine additional liquidity that could support future Ethereum acquisitions, staking infrastructure or other strategic investments.

Its holdings in Bitcoin and publicly traded companies also provide some diversification, although Ethereum remains the central driver of its treasury strategy and market valuation.

Ethereum technical outlook: ETH holds above major moving averages

ETH continues to trade above its 20-, 50-, 100-, and 200-day exponential moving averages.

This positioning supports a bullish medium-term outlook.

The shorter-term moving averages, spread between approximately $2,204 and $2,395, provide several layers of dynamic support beneath the current price.

The horizontal level at $2,431 serves as the immediate floor.

Ethereum’s Relative Strength Index remains in the low 60s, indicating that buyers retain control without pushing the asset into extreme overbought conditions.

The Stochastic oscillator is in the middle-to-upper part of its range.

This also reflects positive momentum, although buying pressure is less stretched than it was during the earlier rally.

Ethereum faces immediate resistance at $2,544. A daily close above that level would strengthen the bullish outlook and allow ETH to challenge $2,626. The next major resistance sits near $2,786.

Clearing all three levels could confirm the continuation of Ethereum’s broader uptrend. If ETH fails to break $2,544, the price could consolidate and retest support at $2,431.

The 20-day EMA near $2,395 would provide the next line of defense.

The 200-day EMA at approximately $2,251 represents a more significant support level. A deeper correction could expose structural floors around $2,172 and $1,961.

For now, Ethereum’s position above its major moving averages keeps the broader outlook positive.

A confirmed close above $2,544 is needed to strengthen the case for an extension toward $2,626 and $2,786.