Bitmine’s $257M annualized staking income ‘fills’ operational gaps, share buybacks: analysts
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BitMine increased its holdings by 42,197 ETH last week, bringing its total holdings to 5,742,237 ETH.
According to Mars Finance, on July 6th, BitMine increased its holdings by 42,197 Ethereum last week. As of June 28, 2026, its total Ethereum holdings reached 5,742,237, representing approximately 4.8% of the total Ethereum supply. Currently, BitMine's total cryptocurrency, cash, and other investment assets are valued at approximately $11.1 billion, including $527 million in cash and marketable securities, 206 Bitcoins, $180 million in equity assets in Beast Industries, and a $71 million investment in Eightco Holdings (ORBS). As of July 5th, it had staked 4,879,157 Ethereum (85% of its total holdings), valued at approximately $8.8 billion, with a current annualized staking yield of approximately $235 million.
BitMine increased its holdings by 27,084 ETH last week, bringing its total holdings to approximately 5.7 million ETH.
According to Mars Finance, on June 29th, BitMine increased its holdings by 27,084 Ethereum last week. As of June 28, 2026, its total Ethereum holdings reached 5,700,040, representing approximately 4.7% of the total Ethereum supply. Currently, BitMine's total cryptocurrency, cash, and other investment assets are valued at approximately $9.8 billion, including $555 million in cash and marketable securities, 206 Bitcoins, $180 million in equity assets in Beast Industries, and a $74 million investment in Eightco Holdings. Furthermore, its staked Ethereum has increased to 4,879,157 (over 85% of its total holdings), valued at approximately $7.7 billion, with a current annualized staking yield of approximately $211 million. Tom Lee stated that this week was challenging for crypto investors, with ETH falling 8%, despite positive developments in the Ethereum ecosystem such as the establishment of Ethlabs and a softening of the Bank of England's stance on stablecoins. He believes that the "window dressing" effect near the end of the quarter led investors to reduce their holdings of assets that had underperformed in the past three months, but the long-term development path of the crypto industry remains positive, driven by the dual forces of Wall Street infrastructure on-chaining and proxy-based AI payment systems.
Justin Sun has staked $430 million in Ethereum on Lido, yielding an annualized return of approximately $9.5 million.
According to Odaily Lens monitoring, Justin Sun Sun has been continuously staking ETH through Lido Finance. 23 hours ago, Justin Sun staked another 13,000 ETH, worth approximately $23.08 million, bringing his total staked ETH on Lido to 247,436 stETH, currently valued at approximately $430.2 million. Data shows that since February 2023, this staking position has generated a total of 11,307 stETH staking profits, worth approximately $26.82 million. Based on the current profit level, Justin Sun position has an annualized return of approximately $9.5 million.
SpaceX was officially included in the Nasdaq 100 index this week; historical warnings point to post-inclusion volatility. TeraWulf's Q1 HPC leasing revenue surpassed mining's high-margin annualized revenue of $630 million for the first time.
According to ChainCatcher and BBX data, the world's largest IPO completed its index inclusion milestone yesterday, marking a historic turning point in the valuation logic of mining companies' AI transformation. Key developments are as follows: SpaceX, Inc. (NASDAQ: $SPCX) was officially included in the Nasdaq 100 index this week, becoming the first company in history to have its largest single IPO ($75 billion) included in the Nasdaq 100. CoinDesk also issued a historic warning: "The previous two largest additions to the index—Palantir ($PLTR) in December 2024 and Strategy ($MSTR) in early 2025—both experienced a period of decline after inclusion, rather than initiating a new round of growth." Analysts pointed out that passive funds tracking the Nasdaq 100 completed a "forced buy" at the time of inclusion, and without new fundamental catalysts, the stock price often corrects after the technical buying subsides. SpaceX currently faces specific risks including: a net loss of approximately $4.27 billion in Q1 2026 (primarily due to xAI integration expenses), a $2 billion bond issuance plan, and a 3.4% equity dilution from the $60 billion acquisition of Cursor/Anysphere; Morningstar maintains its fair value estimate of $62 per share, implying a downside of approximately 70% from the current market price. For the market holding SpaceX Bitcoin (18,712 coins, approximately $1.2 billion, custodied in Coinbase Prime), Nasdaq 100 inclusion will trigger larger-scale SPCX holdings by passive funds, further narrowing the indirect exposure of traditional index investors to Bitcoin assets. According to the latest analysis, TeraWulf Inc. (NASDAQ: $WULF) reported $21 million in high-performance computing (HPC) leasing revenue in Q1 2026, accounting for approximately 62% of its total revenue of $34 million. This marks the first time TeraWulf has surpassed Bitcoin mining revenue—a historic reversal in revenue structure since its transformation into an AI/HPC infrastructure company. This represents a 117% increase compared to the $9.7 million in HPC revenue in Q4 2025. The company currently has AI/HPC leases totaling over 522 megawatts signed with Core42 and Fluidstack, with an expected annualized high-margin revenue of approximately $630 million. Its energy mix consists of nuclear power and hydropower, with an average electricity cost of approximately $0.035/kWh, among the lowest of its peers in the mining industry. The company is also developing a new campus in Kentucky, adding approximately 480 megawatts of grid connection capacity; analysts have significantly raised their target price range, with Keefe Bruyette & Woods from $23 to $37, and Clear...
The total amount of Gate SOL pledged has exceeded 626,500, setting a new record, with an annualized yield of 8.01%.
According to ChainCatcher, the latest data from the Gate platform shows that the total staked amount for its SOL mining (staking) product has reached 626,500 SOL, with a reference annualized yield of 8.01%. Users can obtain an equivalent amount of GTSOL assets by staking SOL, realizing asset appreciation. This service supports instant redemption, releasing liquidity and obtaining stable returns. In addition to SOL, the platform also offers multi-currency staking options.
Before Musk could comment, SpaceX president donated 2 million shares, marking the largest corporate donation to the "Trump account."
According to Mars Finance, on July 6th, SpaceX President Gwyneth Shotwell announced on Monday that she and her husband will donate 2 million shares of SpaceX stock to the "Trump Account" program, one share each to over 2 million American children. Based on the current share price of approximately $160, this is worth about $320 million. This move comes just days after Trump publicly predicted that SpaceX would participate in the program. She stated that the donation will target children aged 11 to 17 from lower-income families, with a focus on recipients near her home in central Texas. Previously, Michael Dell and his wife pledged $6.25 billion, Micron Technology pledged $250 million, and BlackRock, Intel, JPMorgan Chase, and others pledged to match their donations at a rate of $1,000 each. Trump previously told CNBC that he expected Musk to also donate SpaceX stock, saying, "I think he will," but Musk has not yet publicly responded. Trump also said his relationship with Musk remained strong, describing the previous disagreements as "a minor friction."