---
title: "$BitMine Immersion Tech(BMNR.US)$BitMine Immersion Tech(BMNR.US) is currently NOT staking any $Grays"
description: "$BitMine Immersion Tech(BMNR.US)$BitMine Immersion Tech(BMNR.US) is currently NOT staking any $Grayscale Ethereum Mini Staking ETF(ETH.US).They have ~2M ETH. If they stop here, stop the ATM, and let t"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/33708363.md"
published_at: "2025-09-06T14:19:53.000Z"
author: "[阿甘投资](https://longbridge.com/en/profiles/13227025)"
---

# $BitMine Immersion Tech(BMNR.US)$BitMine Immersion Tech(BMNR.US) is currently NOT staking any $Grays

$BitMine Immersion Tech(BMNR.US)$BitMine Immersion Tech(BMNR.US) is currently NOT staking any $Grayscale Ethereum Mini Staking ETF(ETH.US).

They have ~2M ETH.

If they stop here, stop the ATM, and let the stock run, they will command a higher mNAV because yield income at a 25-30X multiple is not priced in.

At a ~2.7% staking yield on 2,000,000 ETH

Annual yield: 54,000 ETH ($540M 👀)

~13,500 ETH/quarter ($135M)

~4,500 ETH/month ($45M)

~148 ETH/day ($1.5M)

At 90% profit margin, that‘s 48,600 ETH → $486M/yr

Value of cashflow @ 30X = $486M × 30 = $14.6B 🤯

Think $200 🧲

Compared to the double Ethereum ETF, this is the advantage of stockpiling coins.

### Related Stocks

- [BMNRD.US - BITMINE IMMERSION TECNOLOGIES INC](https://longbridge.com/en/quote/BMNRD.US.md)
- [BMNR.US - BitMine Immersion Tech](https://longbridge.com/en/quote/BMNR.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.