Bitmine is generating about $1 million per day from Ethereum staking, chairman Tom Lee said on June 2, 2026, underscoring one of the largest known corporate staking operations on the network.
Lee said the revenue comes entirely from Ethereum staking, implying Bitmine runs an actively delegated ETH portfolio rather than relying on trading or short‑term market moves. Market watchers said the daily figure points to a substantial Ethereum position under management.
Large ETH holdings and dominant staking position
A day earlier, on June 1, Bitmine disclosed that it holds 5.42 million ETH, equal to 4.49% of Ethereum’s circulating supply. Of that total, 4.72 million ETH are staked on the network, forming the base for the daily staking income Lee cited.
Those holdings position Bitmine as the largest institutional Ethereum holder globally, signaling a long‑term commitment to the asset that goes beyond simple balance sheet exposure.
Revenue driven by network validation, not trading
Bitmine’s staking income is generated by validating transactions and securing the Ethereum blockchain, rather than by speculative trading strategies. The company’s large-scale deployment of ETH into validators converts its balance sheet holdings into a recurring revenue stream directly tied to the protocol’s reward structure.
Lee’s comments place Bitmine among the highest publicly disclosed corporate earners from Ethereum staking, aligning its performance with a broader rise in blockchain yield strategies among institutions.
Projections show hundreds of millions in annual staking revenue
Bitmine’s internal projections, updated as of May 31, 2026, forecast annualized staking revenue of roughly $258 million, or just over $706,000 per day. A separate scenario, based on a 7‑day annualized yield of 2.73%, points to potential annual revenue of about $296 million, or around $811,000 per day at full scale.
These on-chain yields have become a core pillar of the company’s strategy, even as Bitmine has reported multi‑billion‑dollar net losses on paper, driven largely by unrealized declines in the market value of its digital asset holdings.
Part of a wider shift toward protocol-level yield
Bitmine’s approach reflects a broader change in how corporate treasuries engage with digital assets. A recent review of 15 publicly traded companies with Ethereum exposure found that staking activities accounted for an average of 60% of their reported revenue in 2025.
This shift suggests large market participants are increasingly focused on extracting income directly from protocol-level rewards, rather than depending mainly on asset price appreciation.
Continued accumulation and long-term stance
Bitmine has maintained an aggressive accumulation strategy through 2026, adding more than 1 million ETH since the start of the year. The firm bought a further 26,497 ETH in the final week of May alone.
Lee has argued that current Ethereum prices understate the network’s strengthening fundamentals, describing the current period as the “early stages of crypto spring.” The combination of aggressive accumulation and large-scale staking indicates a long‑term plan to control a significant share of the network while running a profitable validation business, creating a revenue line that is largely independent of day‑to‑day price volatility.
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