Ethereum Staking Hit a Record 35% of Supply for a 2.59% Yield
Ethereum staking just passed 35% of supply with the exit queue near empty, but the yield is at a three-year low and one firm has staked 5 million ether.
Ethereum staking just passed 35% of supply with the exit queue near empty, but the yield is at a three-year low and one firm has staked 5 million ether.
BitMine holds 5.9 million ETH, nearly 4.6 percent of all supply, yet its stock trades near net asset value. The premium that fed ETH treasuries is gone.
Twenty One Capital posted a $413.5M Q2 loss, but 97% was bitcoin repricing. The buried number is a 1.07x mNAV and a CEO conceding the premium is closing.
Quantum Solutions targeted 100,000 ETH last September. It holds 4,764.8 today, and the board just cleared 2,471 more for disposal.
The Block put Ethereum L2 TVL at a two year low near $5B. L2Beat counts $33.8B on the same chains. The gap is definitional, and RAIN sits inside it.
BitMine holds 5,787,414 ETH and is 247,586 short of its 5% goal. It bought 9,946 last week and spent six times more on its own stock.
The latest Berkshire filing shows cash reserves near $300 billion — but the full picture at year-end 2025 was $373 billion. New CEO Greg Abel says it is not a retreat from investing. Buffett spent 12 consecutive quarters as a net seller. Apple was trimmed by 75%. Bank of America was reduced sharply. The cash did not go into stocks — it went into U.S. Treasury bills.
The HyperUnit whale just moved $526 million in ETH to Binance. His portfolio went from $10 billion to $2 billion in less than a year. Arkham caught every step.
The Foundation deployed 22,517 ETH across 11 deposits on Monday, its largest single staking move yet. After years of criticism for selling ETH to fund operations, the EF is betting on staking yield instead. The timing, with ETH below $2,100, makes the move harder to ignore.
Tom Lee's firm now holds 4.73 million ETH — roughly 3.92% of total supply — after its biggest single-week acquisition of the year. Strategy broke a 13-week bitcoin buying streak in the same week. BitMine didn't pause once.
The Ethereum treasury company began trading on the NYSE under ticker BMNR on Thursday, moving up from NYSE American. Simultaneously, its board unanimously raised the share repurchase program from $1 billion to $4 billion — despite the stock trading down more than 64% over the past six months.
Bitmine chairman sees Ether reaching $62,000 based on Ethereum capturing one-quarter of Bitcoin's long-term value. The call comes as Bitmine reports a $3.82 billion Q1 loss on its ETH holdings but continues buying.
Strategy added 34,164 BTC in its third-largest purchase ever. Bitmine bought 101,627 ETH in its biggest week since December. Together, they deployed $2.8 billion in a single week while most treasury firms stayed on the sidelines.
The ~$11 million conversion, executed in sub-$1 million tranches to minimize market impact, is the first TWAP sale since October 2025. It reflects a treasury strategy that increasingly relies on staking yield and targeted OTC deals rather than routine open-market ETH sales.
Ether breaks through descending trendline resistance against Bitcoin for the first time since August 2025. SEC DeFi guidance, rising active addresses, and $16.37 billion in open interest set the stage for a potential squeeze.
The company controls 3.98% of all ether in circulation. Its staking network generates $196 million in annualized revenue. Chairman Tom Lee calls this the final stages of a mini-crypto winter. The company bought 71,252 ETH last week — its fastest pace since December.
Bitmine is one of the largest publicly listed Ethereum treasury companies, with a position now exceeding 5 million ETH and a strategy modeled on what Strategy did for Bitcoin under Michael Saylor. The coverage here tracks what matters: ETH purchase announcements and the cadence of treasury accumulation, financing decisions through equity issuance and convertible structures that fund the buying, the NAV premium and discount that shapes whether new issuance creates or destroys shareholder value, quarterly earnings where ETH gains and losses now drive the entire reported result, and the company’s executive statements on Ethereum’s monetary properties and the case for ETH as a corporate reserve asset. Bitmine’s position has consequences beyond its own balance sheet. The buying activity affects ETH supply dynamics, the financing structure influences how other public companies think about treasury allocation, and the company’s vocal advocacy for Ethereum has helped shift the institutional narrative away from pure Bitcoin focus. Coinliva covers the buying announcements, the on-chain transfers as ETH moves between Ethereum Foundation, exchanges, and corporate treasuries, the analyst debates over whether the model survives an ETH drawdown, and the broader question of whether ETH treasury companies establish themselves as a permanent category alongside the Bitcoin treasury cohort.