Bitmine’s $257M annualized staking income ‘fills’ operational gaps, share buybacks: analysts

Written by Zoltan Vardaistaff writerReviewed by Robert Lakinstaff editorWritten by Zoltan Vardaistaff writerReviewed by Robert Lakinstaff editorBitmine’s $257M annualized staking income ‘fills’ operational gaps, share buybacks: analystsLatest NewsPublishedAug 13, 2026Bitmine’s Ether staking revenue is an important financial buffer that fills financial gaps and provides recurring revenue streams beyond Ether’s price appreciation, analysts told Cointelegraph.Bitmine Immersion Technologies, the largest corporate Ether holder, surpassed 5 million Ether in staked tokens, which will generate an estimated $257 million in annualized revenue, according to a company announcement on Monday. Ether (ETH) staking is emerging as an important revenue stream that generated about 98% of Bitmine’s revenue for the fiscal quarter ending May 31, or $45.7 million of the company’s $46.5 million, analysts from Bitfinex exchange told Cointelegraph, adding:“It funds operations and its share buyback program: 19.1 million shares repurchased since July against a $4 billion authorisation, without Bitmine having to sell any Ether.”Ether treasury companies are facing growing unrealized losses as their margins are pressured by the decline in Ether’s spot price, which fell roughly 23% during the second quarter of 2026. SharpLink, the second-largest Ether treasury company, reported a net loss of $394 million for the second quarter of 2026, largely driven by $391 million in unrealized crypto losses.Bitmine ranks as the largest corporate Ether holder with 5.54 million ETH, currently worth $9.4 billion. SharpLink ranks second, with 863,000 Ether, currently valued at $1.46 billion, according to data from the StrategicEthReserve.Ether emerges as new treasury asset despite staking revenue riskBitmine’s staking milestone demonstrates how Ether can generate native yield as a treasury asset while Bitcoin (BTC) is mainly viewed as a balance sheet appreciation asset, according to Alvin Kan, chief operating of…

Bitmine’s $257M annualized staking income ‘fills’ operational gaps, share buybacks: analysts

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