BitMine stakes 4M ETH, tops $10B in public-co treasury
A treasury firm crossing 4% of ETH supply through staking changes who the marginal buyer of new issuance is: a listed-equity proxy, not a fund or a DAO.
Every Zipp story tagged #Staking, newest first.
A treasury firm crossing 4% of ETH supply through staking changes who the marginal buyer of new issuance is: a listed-equity proxy, not a fund or a DAO.
Bitmine's holdings now sit at 5.74M ETH, close to its stated 5% target, and 85% of those tokens are staking, locking real supply off the market rather than just sitting on a balance sheet.
The dismissal closes the highest-profile attempt by the prior SEC to drag MetaMask and Ethereum wallet software into securities enforcement, and hands ConsenSys its first clean win over the agency.
At 4.8% of Ethereum's circulating supply and 95% of the way to its 'Alchemy of 5%' target in just 12 months, Bitmine is now the largest single corporate holder of ETH by a wide margin.
SGPs split the assumption that every SOL staked with a validator votes its way, and the precedent from SIMD-0228 shows the bar is closer than last time's 5.3-point miss.
The fund itself is the bigger story: 861K ETH under management, 67% actively staked, and a 2.88% gross yield against a 0.15% fee that competing issuers cannot yet match without regulatory clarity on…
The launch gives token holders, not just validators, a recorded vote on the network's direction through Solana Governance Proposals, with delegators able to override the validator they delegate to.
A freshly created address absorbed $15.4M of Ether off Binance and routed it straight into staking, a pattern that locks supply and signals long-horizon conviction rather than trade.
The crypto asset manager's $114M move into HYPE and immediate staking positions it as one of Hyperliquid's largest disclosed holders, a sharp institutional signal for a derivatives venue still…
Three straight quarters of decline have now wiped out 56% of liquid staking's peak capital, signaling a deeper DeFi liquidity drain rather than a routine cooldown.
Index inclusion on June 26 lands the largest ETH treasury company inside the benchmark US equity flow that institutional allocators track, with 86% of its 5.67M ETH already staked.
Bitmine now has 4.88M ETH staked, 86% of its total holdings, a corporate-treasury staking posture that doubles as an accumulation thesis on Ether itself.
Three top industry groups told the House Ways and Means Committee to advance Carey's bill unchanged, framing it as the sector's second legislative priority after the broader market structure fight.
The industry wants rewards taxed at sale, not creation, and it is telling House tax writers the bill as written is the version worth moving.
Bitmine now controls 4.7% of all ETH, is 94% of the way to its '5% Alchemy' target, and runs a $223M projected staking yield on the stash.
Bitmine is 94% of the way to owning 5% of ETH, but the pace is slowing and its preferred-share financing push is running into the same pressure that has weighed on Strategy's MSTR.
The Rotki founder argues diverting up to 10% of validator rewards to fund core development would entrench large stakers and crowd out smaller operators, compounding a decade of governance drift.
A research-forum pitch to skim up to 10% of staking rewards for ecosystem funding lands hardest on Bitmine, whose $258M validator revenue is the single biggest exposure on Ethereum.
If validator yields compress, the trade is staker income for protocol solvency: EIP-7702 and native L2 interoperability get paid for in real time.
The proposal would let validators vote to redirect up to 10% of staking rewards toward ecosystem funding, but critics say it drags politics directly into consensus.