
BitMine, the largest Ethereum treasury company, is set to join the Russell 1000 Index on June 26, signaling increased institutional recognition. The inclusion reflects its expanding digital asset strategy and growing market capitalization. The move positions BitMine within a broader universe of large-cap U.S. equities tracked by institutional investors globally.
In terms of BitMine’s holdings, the company possesses 5.673 million ETH along with $601 million in cash and marketable securities and $350 million in preferred BMNP shares. The firm has zero debt. The company’s staking strategy brings an annualized yield of $233 million.
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Ethereum Staking Expansion Gains Momentum
According to a recent post by Lookonchain, BitMine deposited 160,480 more ETH valued at about $248.7 million, showing BitMine’s continued accumulation. Moreover, this shows the company’s long-term strategy of maximizing yield with Ethereum staking using on-chain data.
Now, BitMine’s staked Ethereum totals 4.88 million ETH valued at approximately $7.56 billion. It is roughly 86% of BitMine’s holdings.
This shows that the company is highly dedicated to Ethereum staking rather than keeping holdings idle, reflecting a general trend among institutional firms to actively participate in the proof-of-stake Ethereum network for yield generation.

BitMine Ethereum Treasury Model Expansion
BitMine started as a Bitcoin mining firm. However, it changed its focus to Ethereum treasury model via a private placement of $250 million in June 2025.
It reflects the company treasury model where corporate treasuries change their balance sheet into single asset crypto exposure, allowing equity holders’ participation in Ethereum’s market performance indirectly.
BitMine stands apart due to its staking infrastructure, which relies on a proprietary Made in America Validator Network (MAVAN) to secure Ethereum.
BitMine’s yield from Ethereum staking ranges between 2.7% and 2.8% per year, with estimated annual revenue exceeding $200 million via issuance of 9.5% perpetual preferred shares BMNP, paying weekly dividends.
The backing of BitMine includes ARK, Founders Fund, Pantera, Kraken, Galaxy Digital, and DCG. The inclusion of BitMine in the Russell 1000 could lead to index flows for BitMine. The company will become a case study of Ethereum treasury models.
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