--- title: "BMNR BitMine Stock Statistics 2026: ETH Treasury, Shares, ATM" date: 2026-08-23 author: "Barry Elad" featured_image: "https://coinlaw.io/wp-content/uploads/2026/08/bmnr-stock-statistics.jpg" categories: - name: "Cryptocurrency" url: "/crypto.md" tags: - name: "Statistics" url: "/tag/statistics.md" --- # BMNR BitMine Stock Statistics 2026: ETH Treasury, Shares, ATM BitMine Immersion Technologies (NYSE: BMNR) held **5,672,956 ETH** as of June 21, 2026, of which **4,718,677** were staked and valued at $8.2 billion, equal to **4.7%** of the 120.7 million ETH circulating supply, per the company’s June 22, 2026 8-K filing. The combined treasury (crypto plus cash and marketable securities plus “moonshot” equity stakes) totaled **$10.7 billion** at the same snapshot, making BitMine the #1 corporate Ethereum treasury and #2 publicly disclosed corporate crypto holder behind Strategy Inc. (NASDAQ: MSTR). The figures below pair every treasury, dilution, and revenue number with the dated SEC filing that disclosed it. ## Key Takeaways - BitMine’s June 21, 2026 ETH balance was **5,672,956** tokens, equal to **4.7%** of the 120.7 million ETH supply. - As of June 21, 2026, BitMine’s treasury totaled **$10.7 billion** across ETH, 205 BTC, $180 million in Beast Industries, $104 million in Eightco Holdings, and **$601 million** in cash and marketable securities. - BitMine’s staked position of **4,718,677 ETH** ($8.2 billion at $1,733/ETH) generated a 7-day [staking yield](https://coinlaw.io/cryptocurrency-staking-statistics/) of **2.73%** annualized in the week ended June 21, 2026. - Common shares outstanding stood at **537,628,819** on April 13, 2026, a 2.3x increase from the August 31, 2025 baseline. As of August 31, 2025, BitMine had **234,712,310** shares of common stock issued and outstanding per the FY25 10-K registrant cover. - The Series A Perpetual Preferred Stock (BMNP) launched on June 10, 2026, with **3,500,000** shares at a stated amount of **$100** and a **9.50%** Regular Dividend Rate paid weekly in cash. - [Strategy Inc.](https://coinlaw.io/microstrategy-statistics/) (NASDAQ: MSTR) reportedly holds **846,842 BTC** valued at **$54 billion**, the only publicly disclosed corporate crypto position larger than BitMine’s. ## Editor’s Choice - Total ETH held: **5,672,956** tokens (June 21, 2026 snapshot). - Average daily dollar volume: **$717 million** (4-day average through June 18, 2026), ranking **\#219** among 5,704 US-listed stocks. - ETH cost basis vs fair value at February 28, 2026: **$16.973 billion** vs approximately **$8.793 billion**. - Six-month unrealized digital-asset loss for the period ended February 28, 2026: **$9.023 billion** (equal to $9.023 billion), recognized through net income. - Q2 FY26 total revenue: **$11.0 million** (three months ended February 28, 2026), of which staking contributed **$10.2 million**. - ATM Program authorized capacity: Up to **$24.5 billion** of common stock sales over the program’s life. - Projected annualized staking revenue: **$223 million** at the prevailing 2.73% 7-day yield disclosed on June 22, 2026. ## BitMine ETH Treasury Scorecard - ETH balance: **5,672,956** tokens at $1,733 per ETH (Coinbase reference price) on June 21, 2026. - Bitcoin balance: **205 BTC** held alongside the core ETH position. - Moonshot equity stakes: **$180 million** in Beast Industries and **$104 million** in Eightco Holdings (NASDAQ: ORBS). - Cash and marketable securities: **$601 million** as of the same snapshot. - Combined treasury value: **$10.7 billion**. - ETH supply share: **4.7%** of the 120.7 million ETH circulating, equal to 94% of the company’s stated 5% target. | Asset | Quantity | USD Value (June 21, 2026) | |---|---|---| | ETH | 5,672,956 | $9.83 billion | | BTC | 205 | priced separately | | Beast Industries (equity) | stake | $180 million | | Eightco Holdings (equity) | stake | $104 million | | Cash and marketable securities | N/A | $601 million | | Combined treasury | N/A | $10.7 billion | *Source: BitMine 8-K Exhibit 99.1, filed June 22, 2026* ### What is BMNR stock? BMNR is the New York Stock Exchange ticker for BitMine common stock, par value $0.0001. BitMine is a Delaware-incorporated digital asset technology company that began prioritizing ETH treasury management in the third calendar quarter of 2025, with prior immersion-mining operations in Trinidad, Pecos, TX, and Murray, KY terminated as of August 31, 2025. The current treasury position (5,672,956 ETH plus the moonshot and cash stack) totals roughly **$10.7 billion** at the most recent disclosed snapshot. ## ETH Holdings Trajectory and Weekly Pace - ETH holdings on February 28, 2026: over **4,473,459** tokens valued at approximately **$8.793 billion**. - ETH holdings on June 14, 2026: **5,620,754** tokens valued at $1,718 per ETH (Coinbase reference), or 4.66% of supply. - ETH holdings on June 21, 2026: **5,672,956** tokens (4.7% of supply) at $1,733 per ETH. - Acquisition pace, week ended June 14, 2026: **76,881 ETH** added, per “Mr. Lee” in the June 15, 2026 8-K release. - The staked ETH position has held at **4,718,677** tokens across both the June 14 and June 21 snapshots, unchanged across the most recent two-week window. As-of date by ETH held ETH HELD · ETH held · Source: BitMine 10-Q (period ended February 28, 2026); 8-Ks filed June 15 and June 22, 2026 ETH HELD · COINLAW ANALYSIS As-of date by ETH held ETH held BitMine 10-Q · 2026 6M 4.5M 3M 1.5M 0 4,473,459 February 28, 2026 5,620,754 June 14, 2026 5,672,956 June 21, 2026 SOURCE BitMine 10-Q (period ended February 28, 2026); 8-Ks filed June 15 and June 22, 2026 ### How many ETH does BitMine own? BitMine owned **5,672,956 ETH** as of June 21, 2026, at 3:00 PM ET, equal to **4.7%** of the 120.7 million ETH circulating supply at that timestamp, per the company’s June 22, 2026 8-K (Exhibit 99.1). One week earlier, on June 14, 2026, at 6:00 PM ET, the position stood at 5,620,754 ETH (4.66%), a roughly 52,200-token increment between the two weekly snapshots. ## Recent Developments - **June 22, 2026**: BMNR disclosed crypto, cash, and moonshot holdings of **$10.7 billion** and a **5,672,956 ETH** balance in its 8-K filing. - **June 15, 2026**: ETH holdings reached 5,620,754 tokens (4.66% of supply), and the Series A Preferred Stock was confirmed to begin trading on the NYSE under the symbol BMNP beginning June 16, 2026. - **June 10, 2026**: BitMine issued **3,500,000** shares of 9.50% Series A Perpetual Preferred Stock and filed a Certificate of Designations with the State of Delaware establishing the security’s terms. - **June 4, 2026**: The Series A pricing underwriting agreement was signed with Moelis & Company LLC and Cantor Fitzgerald & Co. at an **$80.00** per-share public offering price, for projected net proceeds of approximately **$273.8 million**. - **April 9, 2026**: BitMine completed the uplisting of its common stock to the New York Stock Exchange, as confirmed in the 10-Q balance-sheet narrative. - **March 12, 2026**: BitMine made an additional investment of approximately **$80.4 million** in Eightco Holdings and formed Standard Validator LLC as the staking-operations subsidiary, with a 2% non-controlling equity interest held by Ethereum Tower LLC. ## BMNR Shares Outstanding and Equity Dilution - Common shares outstanding on August 31, 2025: **234,712,310**, per the FY25 10-K registrant cover. - Additional ATM Offering issuance through November 20, 2025: **146,451,088** shares, lifting the count to **384,067,823** on that date. - Per the Q2 FY26 10-Q, the November 30, 2025 share count was revised from 408,578,823 to **405,398,823**. - Common shares outstanding on February 28, 2026: **493,905,227**. - Common shares outstanding on April 13, 2026 (10-Q cover): **537,628,819**, a 2.3x increase from the August 31, 2025 baseline. - ATM Program authorized capacity remains up to **$24.5 billion** of common stock sales, with $10,068,914 net of $122,357 commission already received as of the February 28, 2026 reporting date. As-of date by Common shares outstanding COMMON SHARES OUTSTANDING · Common shares outstanding · Source: BitMine 10-K (FY25) and 10-Q for the period ended February 28, 2026 COMMON SHARES OUTSTANDING · COINLAW ANALYSIS As-of date by Common shares outstanding Common shares outstanding BitMine 10-K · 2026 600000000 480000000 360000000 240000000 120000000 0 August 31, 2025: August 31, 2025 November 20, 2025: November 20, 2025 November 30, 2025: November 30, 2025 February 28, 2026: February 28, 2026 April 13, 2026: April 13, 2026 August 31, 2025 November 20, 2025 November 30, 2025 February 28, 2026 April 13, 2026 SOURCE BitMine 10-K (FY25) and 10-Q for the period ended February 28, 2026 Across CoinLaw’s coverage of [ETH staking statistics](https://coinlaw.io/eth-staking-statistics/) and treasury-vehicle peers, the dilution arc behind a fast-growing crypto-treasury balance sheet is usually the part the press releases leave out. The BMNR data spine makes the trade-off legible: the equity that funded the move from a 4.47-million-ETH position to a 5.67-million-ETH position came almost entirely from ATM issuance against a $24.5 billion authorization. ## ETH Cost Basis vs Fair Value - ETH cost basis at February 28, 2026: **$16.973 billion** for 4,473,459 ETH. - ETH fair value at the same date: approximately **$8.793 billion**, against a Bitcoin position of 195 BTC at $13.1 million fair value. - Three-month unrealized loss from digital assets: **$3.775 billion** for the period ended February 28, 2026 (versus a $26,000 loss in the same prior-year quarter). - Six-month unrealized loss from digital assets: **$9.023 billion** for the period ended February 28, 2026. - Total digital-asset position on the February 28, 2026 balance sheet: **$8.806 billion** in fair value against **$16.995 billion** in cost basis. Metric by February 28, 2026 (USD billions) FEBRUARY 28, 2026 (USD BILLIONS) · February 28, 2026 (USD billions) · Source: BitMine 10-Q for the period ended February 28, 2026 FEBRUARY 28, 2026 (USD BILLIONS) · COINLAW ANALYSIS Metric by February 28, 2026 (USD billions) February 28, 2026 (USD billions) BitMine 10-Q · 2026 ETH cost basis 16.973 ETH fair value 8.793 Cost-basis spread 8.180 0 4 8 12 16 20 SOURCE BitMine 10-Q for the period ended February 28, 2026 Under ASU 2023-08, every period-end mark on the ETH stack drops straight into net income; there is no “other comprehensive income” buffer. That accounting rule, more than any single price move, is what produced the $9.023 billion six-month unrealized loss and the resulting per-share loss numbers in the next section. ## BMNR Common and Preferred Capital Structure - Common Stock par value: **$0.0001**, listed on the New York Stock Exchange under the symbol BMNR. - Common shares outstanding (April 13, 2026 cover date): **537,628,819**. - Series A Perpetual Preferred Stock issuance (June 10, 2026): **3,500,000** shares, stated amount **$100** per share. - Series A Regular Dividend Rate: **9.50%** per annum on the $100 stated amount, payable weekly in cash on each Friday in arrears. - Compounded Dividend Rate (penalty rate if a Regular Dividend is missed): the Regular Dividend Rate plus 5 basis points per period, ratcheting up by 5 basis points per subsequent Regular Dividend Period, up to a maximum rate of **15%** per annum. - Net proceeds from the Series A offering: approximately **$273.8 million**, after underwriting discounts and offering expenses, with Moelis & Company LLC and Cantor Fitzgerald & Co. as underwriters. | Security | Symbol | Shares | Par / Stated | Rate / Terms | |---|---|---|---|---| | Common Stock | BMNR | 537,628,819 (April 13, 2026) | $0.0001 par | NYSE-listed | | Series A Preferred | BMNP | 3,500,000 | $100 stated | 9.50% weekly cash | *Source: BitMine 10-Q (Q2 FY26); 8-Ks filed June 5 and June 10, 2026* ### How big is BMNR’s market cap? Market capitalization tracks two distinct securities. On the common-stock side, BMNR’s 537,628,819 shares (as of April 13, 2026) sit on the New York Stock Exchange at a $0.0001 par value. On the preferred side, BMNP carries a $100 stated amount across 3,500,000 shares, paying weekly cash dividends at a 9.50% Regular Dividend Rate. ## BMNR Revenue Mix and Operating Results - Q2 FY26 total revenue: **$11.0 million** (three months ended February 28, 2026) versus $1.5 million in the prior-year quarter. - Q2 FY26 staking revenue: **$10.2 million**, against $0 in the prior-year quarter (the staking business launched after the FY25 reporting period). - Six-month FY26 staking revenue: **$11.2 million**, the dominant share of the $13.3 million six-month total. - Q2 FY26 net loss attributable to common stockholders: **$3.818 billion**, driven by the three-month $3.775 billion unrealized digital-asset loss. - Six-month FY26 net loss: **$9.023 billion**, or **$23.17** per basic common share against a 389,434,545 weighted-average share count. - Q2 FY26 basic loss per common share: **$8.40** on weighted-average shares outstanding of 454,620,613. - Q2 FY26 general and administrative expenses: **$75.0 million** (versus $964,000 in the prior-year quarter), with six-month G&A at **$298.6 million**. Revenue line (Q2 FY26) SHARE OF USD MILLIONS · Share of USD millions · Source: BitMine 10-Q statements of operations, three months ended February 28, 2026 SHARE OF USD MILLIONS · COINLAW ANALYSIS Revenue line (Q2 FY26) Share of USD millions BitMine 10-Q · 2026 92% STAKING Staking 92% Leasing 4% Self-mining 2% Consulting 2% SOURCE BitMine 10-Q statements of operations, three months ended February 28, 2026 ### Is BMNR profitable? BMNR is not profitable on a GAAP basis. The six-month period ended February 28, 2026 produced a **$9.023 billion** net loss attributable to common stockholders, equal to **$23.17** in basic loss per common share, with virtually all of the figure attributable to the **$9.023 billion** unrealized loss on digital-asset holdings recognized through net income. ## Series A Preferred (BMNP): Terms and Cash Cost - **Series A pricing:** **$80.00** per share public offering price for 3,500,000 shares priced June 4, 2026 and settled June 10, 2026. - **Net proceeds:** Approximately **$273.8 million**, after underwriting discounts, commissions, and offering expenses. - Regular Dividends accumulate at **9.50%** per annum of the $100 stated amount and are payable solely in cash, weekly in arrears on each Friday. - **Missed-dividend mechanics:** Compounded Dividends accumulate on any unpaid Regular Dividend at the Regular Dividend Rate plus 5 basis points initially, ratcheting up by 5 basis points each subsequent period, up to a maximum rate of 15% per annum. - **Use of proceeds:** Additional ETH and digital-asset acquisition, expansion of staking and validator infrastructure (including the Made in America Validator Network), working capital, ecosystem-aligned strategic investments, and repurchases under the Company’s share repurchase program. | Series A Preferred Term | Value | |---|---| | Shares issued | 3,500,000 | | Issue price | $80.00 per share | | Stated amount | $100 per share | | Regular Dividend Rate | 9.50% per annum, weekly cash | | Compounded Penalty Cap | 15% per annum | | Net proceeds | $273.8 million | *Source: BitMine 8-Ks filed June 5 and June 10, 2026* ## Staking Operations and the MAVAN Validator Network - Staked ETH position on June 21, 2026: **4,718,677** tokens valued at $8.2 billion at the $1,733 reference price. - Most recent disclosed 7-day staking yield: **2.73%** annualized, against the same 4,718,677-token staked balance. - Projected annualized staking revenue (June 22, 2026 8-K): **$223 million** at the prevailing yield. - Projected annualized staking revenue one week earlier (June 15, 2026 8-K): Approximately **$219 million**, framed in the same release as recurring cash flow supporting the Series A preferred dividend obligations. - Staking revenue recognition uses ASC 606, with each staking epoch (~**6.4 minutes**) treated as the contract term, per the Q2 FY26 10-Q. - Standard Validator LLC was formed on March 12, 2026, as a majority-owned BitMine subsidiary, with a 2% non-controlling equity interest held by Ethereum Tower LLC under the subsidiary’s operating and management agreements. > **By the numbers:** BitMine’s 4,718,677 staked ETH generated a 7-day yield of 2.73% annualized through June 21, 2026 (per the company’s 8-K Exhibit 99.1), producing a projected $223 million in annualized staking revenue. That run-rate is the recurring cash flow the company has explicitly tied to the Series A preferred dividend obligations. ## BMNR vs MicroStrategy: ETH vs BTC Treasury Comparison - BitMine’s ETH position: **5,672,956** tokens, of which **4,718,677** were staked and valued at **$8.2 billion** at $1,733/ETH, ranked **\#1** Ethereum corporate treasury. - Strategy Inc. (NASDAQ: MSTR): Reportedly holds **846,842 BTC** valued at **$54 billion**, the only publicly disclosed corporate crypto position larger than BitMine’s by total dollar value. - Combined-treasury ranking: BitMine sits **\#2** globally on total disclosed crypto value, behind Strategy Inc. - ETH-as-reserve framing: BitMine “views ETH as a long-term reserve asset, central to its positioning in the AI and digital asset investment cycles” and “aims to eventually hold 5% of the total ETH supply”, per the Q2 FY26 10-Q balance-sheet narrative. | Company | Ticker | Primary Asset | Position | Disclosed Value | |---|---|---|---|---| | BitMine | NYSE: BMNR | ETH | 5,672,956 tokens | $8.2 billion (staked) | | Strategy Inc. | NASDAQ: MSTR | BTC | 846,842 BTC | $54 billion | *Source: BitMine 8-K Exhibit 99.1, filed June 22, 2026* ### How does BMNR compare to MicroStrategy? BitMine’s 5,672,956 ETH position (of which 4,718,677 were staked and valued at $8.2 billion at $1,733/ETH on June 21, 2026) is the #1 publicly disclosed Ethereum corporate treasury but sits at #2 in total crypto value behind Strategy Inc.’s reportedly 846,842 BTC valued at $54 billion. Each company anchors its balance sheet to a different reserve asset under different accounting and yield mechanics. The [MicroStrategy BTC treasury](https://coinlaw.io/microstrategy-statistics/) scorecard tracks the same disclosed-value dimension on the BTC side, and [Bitcoin and Ethereum](https://coinlaw.io/bitcoin-vs-ethereum-statistics/) head-to-head data frames the underlying reserve-asset differences. ## BMNR Trading Liquidity and Stock Market Position - Average daily dollar volume (4-day average through June 18, 2026): **$717 million**, per BitMine’s June 22, 2026 8-K. - US-listed-stock ranking (June 18, 2026): **\#219** of 5,704 US-listed stocks, per data from Fundstrat cited in the BitMine 8-K. - Average daily dollar volume one week earlier (5-day average through June 14, 2026): **$550 million**, per BitMine’s June 15, 2026 8-K. - US-listed-stock ranking (June 14, 2026): **\#203** of US-listed stocks, per the June 15, 2026 8-K. | As-of date | Avg daily dollar volume | US stock ranking | |---|---|---| | June 14, 2026 | $550 million (5-day avg) | \#203 | | June 18, 2026 | $717 million (4-day avg) | \#219 | *Source: BitMine 8-Ks filed June 15 and June 22, 2026 (per data from Fundstrat)* ### Why is BMNR stock volatile? BMNR volatility tracks the ETH treasury directly. The six-month period ended February 28, 2026 produced a **$9.023 billion** unrealized loss on digital-asset holdings, recognized through net income. Daily liquidity is dense (BitMine disclosed average $717 million daily dollar volume by mid-June 2026), but the common-share count has expanded **2.3x** since August 31, 2025 via the ATM Program. Every weekly ETH purchase is funded against the equity that paid for it. ## BitMine Corporate Background and Listing History - **Former corporate name:** Sandy Springs Holdings, Inc., used from October 27, 2020 through July 27, 2021 (the shell-company identity before BitMine renamed itself). - **State of incorporation:** Delaware (DE); SIC code 6199 (Finance Services); fiscal year ends August 31; CIK 0001829311. - **Listing history:** From the OTCQX Best Market to NYSE American in early June 2025. The uplisting to the New York Stock Exchange was completed on **April 9, 2026**, per the Q2 FY26 10-Q balance-sheet narrative. - **Operations history:** From 2021 through mid-2025, BitMine “built and operated sites utilizing immersion cooling, conducted self-mining, provided hosting/mining-as-a-service, leased, and sold equipment and related infrastructure”; the Trinidad, Pecos TX, and Murray KY sites were terminated as of August 31, 2025. - **Treasury pivot timing:** *“Beginning in the third calendar quarter of 2025, management refined the business to prioritize disciplined digital asset treasury management”*, with the original ATM program permitting sales of up to **$20,000,000** of common stock established in July 2025. That original program was later expanded to permit sales of up to **$24.5 billion** of common stock from time to time in the ATM Program, per the Q2 FY26 10-Q. > **Key finding:** BitMine carries a structural footprint that pre-dates the ETH treasury thesis: Delaware incorporation, an August 31 fiscal year, and a 2020 shell-company origin under the former name Sandy Springs Holdings, Inc. The mining sites in Trinidad, Pecos TX, and Murray KY were terminated as of August 31, 2025 per the FY25 10-K, leaving the staking-and-treasury vehicle as the residual operating business. ## BMNR Ownership and Notable Institutional Investors - June 14, 2026 staking commentary attributed to “Mr. Lee” in the June 15, 2026 8-K: BitMine acquired **76,881 ETH** “over the past week” and is “maintaining a somewhat elevated pace of buying”. - Per data from Fundstrat cited in BitMine’s June 22, 2026 8-K, the stock traded an average daily dollar volume of **$717 million** (4-day average through June 18, 2026), ranking **\#219** in the US among **5,704** US-listed stocks. - Underwriters on the Series A Preferred Stock offering: Moelis & Company LLC and Cantor Fitzgerald & Co., per the June 4, 2026 underwriting agreement. ### Who owns BMNR shares? The disclosed-investor and counterparty footprint visible across BitMine’s 8-K and 10-Q filings includes Strategy Inc. (NASDAQ: MSTR) as the league-table peer, Eightco Holdings (NASDAQ: ORBS) and Beast Industries as moonshot equity stakes inside BitMine’s own balance sheet, and Coinbase (NASDAQ: COIN) as the reference ETH price source the company quotes in every weekly snapshot. Tom Lee is both BitMine Chairman and the founder of Fundstrat. The Fundstrat figure cited inside the company’s own 8-K (for daily-volume ranking) should therefore be read as a company-disclosed datapoint rather than independent third-party research. The broader ownership picture is captured by [SEC crypto regulation](https://coinlaw.io/sec-and-cftc-regulations-on-cryptocurrencies-statistics/) tracking for the regulatory disclosures that govern these filings. ## The “Alchemy of 5%” Strategy and ETH Treasury Goal - **Strategic goal:** *“The Company views ETH as a long-term reserve asset”* and *“aims to eventually hold 5% of the total ETH supply”*, per the Q2 FY26 10-Q balance-sheet narrative. - Progress on June 21, 2026: **94%** of the way to the “Alchemy of 5%”, reached in 11 months from the strategy’s launch. - Progress one week earlier (June 14, 2026): **4.66%** of total ETH supply held. - The 5% target equals roughly **6,035,000 ETH** against the 120.7 million ETH circulating supply disclosed in the June 22, 2026 8-K, about **362,000 ETH** above the current 5,672,956 position. ### What is the Alchemy of 5%? “Alchemy of 5%” is BitMine’s company-disclosed objective of accumulating **5%** of the total ETH circulating supply. As of June 21, 2026, the company reported it was **94%** of the way to the goal in just **11 months** since the strategy launched, with the headline 5,672,956 ETH position equal to **4.7%** of the 120.7 million ETH supply at that snapshot. The figure is a company-disclosed objective and should not be read as a price forecast or a commitment to a specific market outcome. ## Conclusion BitMine’s **5,672,956 ETH** position and **$10.7 billion** combined treasury (as of June 21, 2026) make it the **\#1** corporate Ethereum holder and **\#2** publicly disclosed corporate crypto holder by dollar value, behind Strategy Inc.’s **846,842 BTC** worth **$54 billion**. The structural cost is in the same filings: a **2.3x** common-share expansion in seven months, a **$9.023 billion** six-month unrealized loss on digital-asset holdings, and approximately **$273.8 million** of Series A Perpetual Preferred Stock at up to a **15%** compounded penalty rate. The path forward is anchored to two recurring data streams BitMine publishes weekly: 8-K treasury snapshots dated to the day, and the 7-day staking yield against the 4,718,677-token staked position that supports the $223 million projected annualized staking revenue. Both numbers, and the share count that funds every weekly ETH purchase, are auditable against the SEC EDGAR record for [institutional investor adoption](https://coinlaw.io/cryptocurrency-adoption-by-institutional-investors-statistics/) and against broader Ethereum network data. Definition of Staking. Link to full glossary entry follows the description.**Staking**Staking is the process of locking cryptocurrency in a proof-of-stake network to help validate transactions and earn rewards, replacing energy-intensive mining. [Read more](https://coinlaw.io/glossary/staking/)