Overview
- Holdings now total roughly 4.325–4.33 million ETH, equal to about 3.58–3.6% of supply, with around 2.9 million ETH (approximately 67%) staked.
- On-chain data traces the latest buying to BitGo and FalconX, with earlier flows tied to a Kraken hot wallet during the recent sell-off.
- Annualized staking revenue is reported near $202 million, and management projects up to about $374 million at full rollout of the MAVAN validator network.
- Disclosures and analytics estimate unrealized losses near $7.3–$7.5 billion based on the firm’s acquisition costs.
- BMNR shares are trading below reported NAV with elevated turnover as BitMine pursues its 5% ETH supply target, now roughly 70–72% complete.