Bitmine is turning its $ETH stack into a yield engine. Bitmine now holds over 4.2M ETH, with 2M already staked, earning ~$160M annually at current CESR rates. That’s 3.5% of all circulating ETH. Their goal? 5%. And they’re building in-house validator infra to keep rewards internal. Add $682M in cash and $12.8B in total assets and you start to see the bigger picture: staking yield is becoming core treasury policy. As ETH becomes a productive asset, will we see a new class of staking-native institutional players reshape the market?