ChainThink News: According to the latest letter from Bitmine's Chairman, the company has added 76,881 ETH in purchases over the past week, continuing its high-frequency accumulation strategy.

Bitmine asserts that the current price correction of ETH does not reflect fundamental improvements in Ethereum’s underlying value and believes the crypto market is currently in an "early bull phase."

As of June 14, Bitmine’s total staked ETH volume reached 4,718,677 ETH, valued at approximately $8.1 billion at current prices, positioning it among the largest institutional holders and stakers of Ethereum assets globally.

The company’s proprietary institutional-grade staking platform, MAVAN, has officially launched and will progressively open access to institutional investors, custodians, and ecosystem partners to expand its staking infrastructure capabilities, with some ETH already being staked through this platform.

Based on disclosed data, the current staking volume corresponds to an annualized yield ranging between $226 million and $269 million, with a 7-day average yield of approximately 2.79%. As staking volume grows, related yields are expected to increase further.

Bitmine’s management anticipates achieving its target of capturing 5% of the total ETH supply by 2026 and continues to expand its strategic ETH reserves.

Bitmine also announced the third weekly cash dividend distribution for its Class A Preferred Shares at $0.2639 per share, with the payment date set for July 6.