Tom Lee: Crypto Market in ‘Early Bull Phase,’ Bitmine Staking APY at Around 226M

BlockBeats News, June 15th. According to the latest Chairman's letter disclosed by Bitmine, in the past week, Bitmine added 76,881 Ethereum (ETH) to its holdings, continuing its high-frequency accumulation pace. The company stated that the current ETH price correction does not reflect the improvement in Ethereum's fundamentals and believes that the crypto market is in the "early stage of a bull market."

As of June 14th, Bitmine's total staked ETH reached 4,718,677 coins, estimated at approximately $81 billion at the current price, making it one of the world's largest Ethereum asset holders and staking entities.

The company announced that its self-built institutional-grade staking platform, MAVAN, has been officially launched and will gradually open to institutional investors, custodians, and ecosystem partners to expand its staking infrastructure service capabilities. Currently, some ETH has been staked through this platform.

According to the company's disclosed data, the current staking scale corresponds to an annualized return of approximately $2.26 billion to $2.69 billion, with a 7-day average yield of about 2.79%. As the staking scale expands, related earnings are expected to further increase.

Bitmine's management also expects the company to achieve its "5% Ethereum supply share by 2026" target in the future and continue to expand its strategic ETH reserves. Additionally, the company announced a third quarterly cash dividend of $0.2639 per share for its Class A preferred stock, with a payment date of July 6, 2026.