BitMine Immersion Technologies said in its latest staking disclosure that it had 5,067,309 ETH staked as of Aug. 30, a position it valued at $12.7 billion using an ETH price of $2,511.
The reported staked balance was unchanged from Aug. 9 through Aug. 30. BitMine separately said it acquired 53,501 ETH over the latest week, while its total holdings reached 5,901,112 ETH.
BitMine described the treasury as 4.9% of Ethereum’s 120.7 million supply. The company has previously stated a goal of acquiring 5% of ETH.
The company annualized a 2.63% yield generated by its staking operations over seven days and said the current position implies $335 million in yearly staking revenue. It projected $390 million in annual staking rewards if its entire ETH balance were staked through MAVAN and staking partners at the same yield.
Those estimates use a seven-day annualized yield rather than a full-year result.
