Mining companies earn $257 million a year by staking ETH! Is BTC $63,597 forming a bottom signal?
Bitmine earns $257 million a year from ETH staking to plug its financial shortfalls—staking has become a lifeline for the mining company.
Guys, mining is really hard to make a living these days, especially for those mining companies that don’t mine BTC at a large scale. Bitmine found a lifesaving trick: staking ETH. In plain terms, analysts directly point out that Bitmine can generate $257 million in annual revenue just from staking ETH each year. What’s the money for? To fill the company’s day-to-day operational funding gap, and it also goes toward stock buybacks. Relying on simply holding coins and hoping for price swings upward or downward is too difficult. With this kind of steady cash inflow, it’s basically like giving the company an insurance policy.
Impact on the market
Honestly, this is a tangible positive for the market.
In the short term, for companies of Bitmine’s size, continuously locking ETH for staking effectively reduces the circulating supply in the market. This $257 million-sized stable cash flow means they don’t have to be forced to sell coins to pay electricity bills, which removes a large portion of potential sell pressure. Now BTC is ranging around $63,597.41, while ETH is stabilizing around $1,887.7. With reduced sell pressure across the board, the market liquidity should look much better.
In the medium term, this may trigger a herd effect. Other mining companies that are still struggling will definitely copy the playbook if they see Bitmine getting the benefits. Institutional capital flowing in heavily to lock ETH shows that market recognition of staking returns is surging—this will put thick armor on ETH’s underlying logic.
My take
Honestly, there’s no need to panic about this market pullback. BTC has been grinding in the $63,597 area for quite some time, and the support below is very solid. Even though ETH at its current price of $1,887.7 looks a bit weak, as long as this large-scale staking and locking trend doesn’t break, ETH could catch up with a bullish rebound at any time. I’m clearly bullish on the current trend. At times like this, don’t blindly short and get shaken out by the main force. Since institutions and miners are genuinely locking up coins with real money to support the market, we should follow the direction of the big capital—hold your positions and wait for the wind to turn.
- Coin: ETH / BTC
- Direction: Bullish 📈 Predicting a rise
- Duration: ETH 24 hours / BTC 12 hours
If you agree with Bitcoin’s bottoming trend, hit the like button and let me see how many people there are.
$BTC $ETH #BTC #ETH
📊 Historical backtest
- After similar news like “Bitmine spent $59 million to buy 35,138 ETH, representing 5% of the total supply” (2026-06-24), ETH’s 24h price change was -3.11%, bullish prediction ❌ incorrect
- There were 77 bullish-style ETH-related news items in history; 30 of them matched the actual direction (accuracy 39%)
⚠️ Not investment advice
Bitmine earns $257 million a year from ETH staking to plug its financial shortfalls—staking has become a lifeline for the mining company.
Guys, mining is really hard to make a living these days, especially for those mining companies that don’t mine BTC at a large scale. Bitmine found a lifesaving trick: staking ETH. In plain terms, analysts directly point out that Bitmine can generate $257 million in annual revenue just from staking ETH each year. What’s the money for? To fill the company’s day-to-day operational funding gap, and it also goes toward stock buybacks. Relying on simply holding coins and hoping for price swings upward or downward is too difficult. With this kind of steady cash inflow, it’s basically like giving the company an insurance policy.
Impact on the market
Honestly, this is a tangible positive for the market.
In the short term, for companies of Bitmine’s size, continuously locking ETH for staking effectively reduces the circulating supply in the market. This $257 million-sized stable cash flow means they don’t have to be forced to sell coins to pay electricity bills, which removes a large portion of potential sell pressure. Now BTC is ranging around $63,597.41, while ETH is stabilizing around $1,887.7. With reduced sell pressure across the board, the market liquidity should look much better.
In the medium term, this may trigger a herd effect. Other mining companies that are still struggling will definitely copy the playbook if they see Bitmine getting the benefits. Institutional capital flowing in heavily to lock ETH shows that market recognition of staking returns is surging—this will put thick armor on ETH’s underlying logic.
My take
Honestly, there’s no need to panic about this market pullback. BTC has been grinding in the $63,597 area for quite some time, and the support below is very solid. Even though ETH at its current price of $1,887.7 looks a bit weak, as long as this large-scale staking and locking trend doesn’t break, ETH could catch up with a bullish rebound at any time. I’m clearly bullish on the current trend. At times like this, don’t blindly short and get shaken out by the main force. Since institutions and miners are genuinely locking up coins with real money to support the market, we should follow the direction of the big capital—hold your positions and wait for the wind to turn.
- Coin: ETH / BTC
- Direction: Bullish 📈 Predicting a rise
- Duration: ETH 24 hours / BTC 12 hours
If you agree with Bitcoin’s bottoming trend, hit the like button and let me see how many people there are.
$BTC $ETH #BTC #ETH
📊 Historical backtest
- After similar news like “Bitmine spent $59 million to buy 35,138 ETH, representing 5% of the total supply” (2026-06-24), ETH’s 24h price change was -3.11%, bullish prediction ❌ incorrect
- There were 77 bullish-style ETH-related news items in history; 30 of them matched the actual direction (accuracy 39%)
⚠️ Not investment advice