BitMine Ethereum staking volume surpasses 2 million coins, revealing a $164 million annualized yield blueprint

BitMine Immersion Technologies recently disclosed that its total Ethereum staking has surpassed 2,000,000 ETH, reaching 2,009,267 ETH. Based on current market data, these staked assets are expected to generate approximately $164 million in stable annual income. As the world’s largest publicly listed Ethereum reserve company, BitMine holds over 4.24 million ETH, accounting for 3.52% of the total circulating supply of Ethereum.

According to Gate market data, as of January 27, 2026, Ethereum (ETH) is priced at $2,938.42, with a market capitalization of $351.54 billion and a market share of 11.26%.

BitMine’s Staking Footprint

BitMine Immersion Technologies recently disclosed that its Ethereum staking scale has reached 2,009,267 ETH. What does this number mean? Simple calculations show that in just the past week, the company has added 171,264 ETH to its staking.

Using the company’s cited comprehensive Ethereum staking yield (CESR) benchmark of 2.81%, BitMine’s current staking scale can generate about $164 million in annual revenue. If all 4.24 million ETH holdings are used for staking, annual income could even reach approximately $374 million, which is more than $1 million in daily earnings.

More Than Just Numbers

BitMine’s ambitions go beyond this. The company plans to launch its own domestic validation node infrastructure—MAVAN—in the United States by 2026. This means internalizing the staking operations to further control costs and risks. The company’s current asset composition is quite diversified: besides Ethereum, it includes $682 million in cash, 193 Bitcoin, and minority equity investments. Its total crypto assets and cash holdings amount to $12.8 billion.

Market recognition of BitMine’s strategy is reflected in its trading data: as of January 9, 2026, the average 5-day trading volume of its stock reached $1.2 billion, ranking 91st among 5,704 listed stocks in the U.S.

The Ethereum Staking Race Draws Institutional Crowds

BitMine is not an isolated case. Currently, Ethereum staking has become one of the core strategies for digital asset reserve companies. Many firms are shifting toward a “full collateral staking” approach.

Data from the Ethereum validator queue provides a broader perspective: over 2.6 million ETH are currently waiting to be staked, the largest backlog since mid-2023. Meanwhile, the Ethereum staking exit queue has fallen to zero, indicating almost no stakers are willing to exit the market at the current yield.

This trend reflects institutional investors’ confidence in Ethereum’s long-term value and their demand for stable cash flow through staking. Staking is essentially at the core of Ethereum’s proof-of-stake mechanism, where participants lock tokens to help secure the network and earn protocol rewards.

How Can Ordinary Investors Participate in the Ethereum Staking Economy?

With large-scale participation from institutions, are ordinary investors only able to watch from the sidelines? In fact, mainstream trading platforms like Gate already offer low-threshold participation options.

Gate’s ETH mining service has lowered the technical barrier—previously requiring 32 ETH to run a validator node independently—to zero. Users can participate with as little as 0.00000001 ETH. As of the latest data in January 2026, the base annualized staking yield on the Ethereum network is about 2.6%. Building on this, Gate has launched a time-limited additional reward with market competitiveness.

According to Gate platform data, small stakers (0-1 ETH) can earn an extra 7% reward, bringing the total annualized yield to 9.6%, far above the network’s basic yield. In comparison, the 2.81% yield earned by BitMine is large in scale but significantly lower than what ordinary users can obtain.

Ethereum Price Analysis and Staking Yield Outlook

According to Gate market data, as of January 27, 2026, Ethereum (ETH) is priced at $2,938.42, with a 24-hour change of +1.96%. Gate’s historical data shows Ethereum’s all-time high was $4,946.05, still some distance from the current price. Market data indicates Ethereum’s 24-hour trading volume is $810.74 million, with a circulating supply of 120.69 million ETH, and a market cap of $351.54 billion. These fundamental figures provide a valuation anchor for staking yields.

It is worth noting that staking yields are correlated with Ethereum price fluctuations. While staking offers stable returns, it cannot fully hedge against ETH price volatility. Institutional investors typically view staking as a long-term strategy rather than a short-term arbitrage tool. As one market analyst said, “They’re not thinking about a few months—they’re thinking about years.”

BitMine has already staked over 2 million ETH on the network, and based on current yields, it is expected to generate over $164 million annually. If the company reaches its goal of holding 5% of Ethereum’s total supply, this figure could grow further. On the Gate platform, small ETH holders can earn up to 9.6% in comprehensive annualized returns, far above the benchmark yields obtained by large institutions. This allows ordinary investors to participate in the core value distribution of the Ethereum network at very low thresholds. With the waiting queue for staking exceeding 2.6 million ETH, market demand for Ethereum staking continues to grow. Whether large institutions like BitMine or individual investors participating via Gate, they are jointly shaping a more mature and diverse Ethereum staking ecosystem.