[Bitmine Increased Holdings by 27,801 ETH Last Week, Total Staked Amount Reaches 4.917 Million ETH, Annualized Staking Revenue Estimated at $242 Million] BlockBeats News, July 13, Bitmine announced that it purchased an additional 27,801 ETH over the past week and stated that it will continue to maintain the steady accumulation pace it has followed since 2026. The company expects to achieve its so-called '5% Alchemy' goal within the year. As of July 12, Bitmine holds a total of 5.77 million ETH, of which 4.917 million ETH (approximately 85% of its holdings) have been staked. Based on an ETH price of $1,820, the total value is approximately $9 billion. The company estimates that, with an annualized staking yield of 2.70%, the annualized staking revenue is about $242 million. If all ETH holdings are staked, the annualized staking rewards could reach $284 million. Additionally, Bitmine announced that it launched an institutional-grade Ethereum staking platform this year called MAVAN (Made in American Validator Network), which will be opened to institutional investors, custodians, and ecosystem partners in the future. Bitmine claims it has now become the world's largest ETH reserve institution and ranks as the second-largest globally in terms of crypto asset reserves, second only to Strategy, which holds 843,775 BTC. The company also stated that the 'GENIUS Act' and the U.S. SEC's Project Crypto will drive transformative changes in the financial infrastructure of digital assets, with an impact comparable to the modernization of Wall Street following the end of the Bretton Woods system in 1971.