Bitmain, Ethereum staking asset portfolio surpasses $13.1 billion

Bit Mining Breaks Through $13.1 Billion in Digital Asset Portfolio via Ethereum Staking

Bit Mining Immersion Technologies (NYSE: BMNR) drew market attention on May 5 after reports of active buying of Ethereum (ETH) and an increase in staking. On the day, the stock price rose 4% from the previous trading day, closing at $23.10. On May 4, Bit Mining added 101,745 ETH (about $238 million), increasing its total holdings to 5.18 million ETH. This is approximately 4.29% of Ethereum’s total supply, valued at about $12.28 billion at current ETH prices. Major media analysis believes this purchase is a move to further strengthen Bit Mining’s staking-centered strategy.

Staking rate reaches 87.9%, with an expected annualized return of 2.91%

Bit Mining currently stakes 84% to 87.9% of its held Ethereum (i.e., 4.36 million to 4.55 million ETH). This is equivalent to $10.2 billion to $10.77 billion, with the average price per ETH in the $2,336 to $2,370 range. Recently, it added 190,800 ETH to staking (about $451 million), and the estimated annualized staking return is about 2.91%. MAVAN expects this means about $297 million in earnings per year, and if fully staked, that return could expand to $352 million. At present, the Ethereum validator queue is backed up with 3.72 million ETH, tightening the supply of liquid ETH.

Total assets reach about $13.1 billion, including Bitcoin and cash; institutional investment grows

Bit Mining’s digital asset portfolio, in addition to Ethereum, also includes 200 BTC, $700 million in cash, and equity stakes in Beast Industries and Eightco Holdings, bringing the total to about $13.1 billion. By staking ETH, Bit Mining is becoming a representative alternative in the Ethereum staking economy in the open market. Institutional investors’ interest is also rising. In Q4 2025, Wolverine Asset Management newly bought 105,302 shares (about $2.86 million). CNB Bank, Wellington Shields, and others have also increased their small positions. Bit Mining interprets this expansion in its ETH holdings as a signal of a “crypto spring” and has expressed expectations for a market recovery.

Stock price trend and analyst outlook: target price $34.50

Bit Mining’s stock traded intraday in the $22.56 to $23.35 range and ultimately closed at $23.10. The 50-day moving average is $20.88, and the 200-day moving average is $28.69. The 52-week high is $161.00, and the low is $3.92. Year-to-date, the stock has fallen by about 16%. Its market cap is approximately $12.95 billion. MarketBeat analysts rate Bit Mining as a “Moderate Buy” and set a target price of $34.50.

Performance and outlook: losses are shrinking; EPS expected to turn from loss to profit this year

Bit Mining’s Q1 performance shows an earnings per share (EPS) loss of -$0.08 and revenue of $11.04 million. Although the operating profit margin is negative, return on equity (ROE) remains positive at 5.59%. The company expects EPS to turn profitable this year, reaching +$0.29. Analysts point out that Bit Mining’s strategic focus is on long-term staking yields and expanding institutional demand; if the effects of reduced ETH supply continue, its staking profitability could further improve.

Strengthening its position in the Ethereum ecosystem; long-term strategy draws attention

Bit Mining has increased its ETH staking ratio to 87.9%, expanding its influence within the Ethereum network. Higher activity in the validator queue means staking demand is rising, which could reduce the supply of liquid ETH. Although Bit Mining has not disclosed specific project roadmaps, it is maintaining its long-term strategy by expanding ETH staking, keeping it a leading company in the Ethereum staking economy.

TokenPost AI Note: This article is summarized based on the TokenPost.ai language model. The main content may have omissions or may not be fully consistent with facts.