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Bank of America hikes stake in sinking crypto stock by 1,668%
Yahoo Finance· 2026-02-18 17:45
Core Viewpoint - Wall Street is increasingly adopting cryptocurrencies, with major financial institutions like Bank of America advising clients to allocate a portion of their portfolios to digital assets [1] Group 1: Bank of America's Involvement - Bank of America has increased its stake in Bitmine Immersion Technologies, owning 3,162,085 shares valued at $85.8 million as of Q4 2025, representing a 1,668% increase from its previous holding of 178,808 shares [2] - The bank is recommending a 1%-4% allocation of client portfolios to digital assets, indicating a strategic shift towards embracing cryptocurrencies [1] Group 2: Bitmine Immersion Technologies - Bitmine Immersion transitioned from Bitcoin mining to establishing an Ethereum treasury, with Tom Lee from Fundstrat appointed as chairman [3] - The company aims to acquire 5% of the total ETH supply, currently holding 4,371,497 ETH, which is 3.62% of the total supply, making it the largest corporate ETH treasury [4][5] - Despite its ambitions, Bitmine is facing challenges as the market experiences a crypto winter, with ETH losing 35% of its value in the last three months and BMNR stock down 37% in the same period [5]
Tom Lee Forecasts End Of Crypto Winter By This Month, Says Bitcoin, Ethereum May Find Support At These Levels
Yahoo Finance· 2026-02-18 14:31
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. BitMine Immersion Technologies Inc. (NYSE:BMNR) Chair Tom Lee said on Saturday that the ongoing “cryptocurrency winter” is nearing its end, with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) close to hitting their lows. Lee Says End Is Near During an interview, Lee cited Tom DeMark, BitMine’s advisor on timing, who suggested that Bitcoin might find support at $60,000 and Ethereum could bottom out at ar ...
美国银行与 RBC 大幅增持 ETH 财库公司 Bitmine,前者环比暴增 16 倍
Xin Lang Cai Jing· 2026-02-18 07:57
(来源:吴说) 来源:市场资讯 据@lanhubiji 引用 2025 年 Q4 13F 备案文件显示,美国银行(Bank of America)和加拿大皇家银行 (RBC)大幅增持了 ETH 财库公司 Bitmine (BMNR) 股票,显示传统银行正加速通过间接方式建立以 太坊敞口。截至 2025 年 12 月 31 日,美国银行持有 BMNR 3,162,085 股(约 8580 万美元),环比暴增 1668%;RBC 持有 764,797 股(约 2070 万美元),环比增长 121%。 ...
Strategy 与 Bitmine 继续增持 BTC、ETH,当前分别浮亏 57.56 亿与 79.43 亿美元
Xin Lang Cai Jing· 2026-02-17 15:25
(来源:吴说) 据 @EmberCN 监测,比特币财库公司 Strategy(MSTR)上周以约 67,710 美元的价格购买了 2,486 枚 BTC(约 1.68 亿美元)。目前共持有 717,131 枚 BTC(约 487.65 亿美元),成本均价 76,027 美元,浮 亏 57.56 亿美元。以太坊财库公司 Bitmine(BMNR)上周以约 2,001 美元的价格购买了 45,759 枚 ETH (约 9,156 万美元)。目前共持有 4,371,497 枚 ETH(约 86.73 亿美元),成本均价 3,801 美元,浮亏 79.43 亿美元。 ...
美股异动 | 比特币概念股盘前走低 Strategy(MSTR.US)跌超2.6%
智通财经网· 2026-02-17 14:25
Core Viewpoint - Bitcoin-related stocks experienced a decline in pre-market trading, reflecting a broader downturn in the cryptocurrency market as Bitcoin fell below the $68,000 mark [1] Group 1: Stock Performance - Strategy (MSTR.US) dropped over 2.6% [1] - Coinbase (COIN.US) fell more than 1.2% [1] - Circle (CRCL.US) decreased by 0.85% [1] - Robinhood (HOOD.US) declined over 1.4% [1] - Bitmine Immersion Technologies (BMNR.US) saw a drop of more than 1.3% [1] Group 2: Cryptocurrency Market - Bitcoin price fell over 1%, reaching a low below $68,000 [1] - Ethereum experienced a slight decline, priced at $1,996.2 [1]
B.Riley Maintains Buy Rating on Bitmine (BMNR) After Strategic MrBeast Partnership
Yahoo Finance· 2026-02-15 13:42
Core Viewpoint - Bitmine Immersion Technologies, Inc. (NYSE:BMNR) is recognized as one of the best innovative stocks to buy, with a Buy rating and a price target of $47 following a significant investment in Beast Industries, a company founded by YouTube star MrBeast [1][2]. Group 1: Investment and Partnership - Bitmine Immersion Technologies, Inc. has made a $200 million investment in Beast Industries, which is expected to enhance its marketing reach to MrBeast's community of over 450 million followers [1][2]. - The partnership is anticipated to generate revenue for Bitmine's MAVAN staking platform through Beast's upcoming financial services platform that integrates with decentralized finance (DeFi) [2]. Group 2: Strategic Positioning - The investment is seen as a move that strengthens Bitmine's institutional credibility, positioning the company as a strategic capital allocator rather than merely a passive treasury operator [3]. - Bitmine's Chairman, Tom Lee, emphasized the significance of this deal on CNBC, highlighting the unification of a leading content creator with a major Ethereum platform [3]. Group 3: Company Focus - Bitmine Immersion Technologies, Inc. is primarily focused on acquiring cryptocurrency for long-term investment, specifically within the Bitcoin and Ethereum networks [3].
Tom Lee Calls MrBeast's Finance Bet The Next 'Robin Hood, SoFi, Chime Combined' For GenZ—'He's The Guy'
Yahoo Finance· 2026-02-14 15:31
Core Insights - The entry of YouTube star MrBeast into the financial sector could significantly influence the financial preferences of younger generations, particularly Gen Z and Gen Alpha [1][2] - MrBeast's banking venture is expected to become a primary financial platform for these younger demographics, potentially serving as an entry point to cryptocurrency [2] - Tom Lee compares this potential shift to how various financial institutions have historically catered to different generations, suggesting MrBeast could be the next major player in this space [3] Demographic Impact - Gen Z and Gen Alpha together represent approximately 120 million individuals in the U.S., while MrBeast has a global following exceeding one billion [4] - Although current customers may not be wealthy, a significant wealth transfer is anticipated in the coming decades, with this generation set to inherit trillions [5] Investment Insights - BitMine Immersion has invested $200 million into MrBeast's Beast Industries, marking a significant commitment to this venture [6] - This investment follows a previous $20 million investment in Eightco Holdings, indicating a strategic focus on high-potential opportunities [6] - Tom Lee believes MrBeast will become "the most impactful entertainment brand in the world," integrating cryptocurrency into a new financial services platform [7]
13 Best Innovative Stocks to Buy According to Wall Street Analysts
Insider Monkey· 2026-02-14 15:14
Core Insights - The article discusses the 13 best innovative stocks to buy according to Wall Street analysts, highlighting the importance of innovation in driving economic growth and investment opportunities [5]. Group 1: Economic Context - Innovation is entering a new phase of rapid acceleration, particularly in artificial intelligence, which is still considered to be in its early stages despite significant investments [2]. - The January nonfarm payrolls report indicated the creation of 130,000 jobs, exceeding expectations and suggesting a stable economic environment that supports innovative companies [3]. - Job growth is anticipated to be subdued for the remainder of the year, with projections suggesting it may not exceed 50,000 jobs monthly [4]. Group 2: Investment Methodology - The list of innovative stocks was compiled using the ARK Innovation ETF (ARKK), focusing on companies that advance groundbreaking ideas and are favored by elite hedge funds [7]. - Research indicates that mimicking the top stock picks of leading hedge funds can lead to market outperformance, as demonstrated by a quarterly newsletter strategy that has returned 427.7% since May 2014 [8][9]. Group 3: Featured Company - Bitmine Immersion Technologies, Inc. - Bitmine Immersion Technologies, Inc. (NYSE:BMNR) is highlighted as a top innovative stock, with an analyst upside of 115.54% and 20 hedge fund holders [10]. - The company received a Buy rating from B.Riley with a price target of $47 following a $200 million investment in Beast Industries, which could enhance its marketing reach to MrBeast's 450 million followers [10][11]. - This investment is seen as a move to strengthen Bitmine's credibility as a strategic capital allocator, despite potential distribution and compliance risks associated with the MrBeast financial platform [12].
BlackRock Increases BMNR Holdings By 165% As Cathie Wood's Ark Invest Adds $4.2M - BitMine Immersion (AMEX:BMNR)
Benzinga· 2026-02-13 13:01
Core Insights - BitMine Immersion Technologies (BMNR) experienced a 1.5% increase in stock price following a significant stake increase by BlackRock and a purchase by Ark Invest [1] Institutional Buying - BlackRock's 13F-HR filing revealed an increase in ownership from 3.4 million shares to 9 million shares as of December 31, 2025, valued at $245.7 million [2] - Despite BitMine's substantial unrealized losses due to Ethereum's decline, BlackRock increased its stake, while Ark Invest acquired 212,314 shares across three ETFs, expanding its crypto exposure [2] ETH Holdings - BitMine added 40,613 ETH in the past week, bringing its total holdings to 4,325,738 ETH at a price of $2,125 per ETH, which constitutes 3.58% of the total ETH supply [3] - The chairman of BitMine, Tom Lee, attributed the weakness in ETH to non-fundamental factors, noting that leverage has not returned since the $19 billion market wipeout in October [3] BMNR Technical Setup - BMNR closed up 1.4% and is trading 1.5% higher in premarket at $20.05, indicating consolidation near critical support levels [4] - The stock is positioned just above the lower Bollinger Band at $16.15, suggesting oversold conditions, with a need to hold above $18-$19 and break decisively above $20 for bullish momentum [4] - Immediate resistance is identified at the middle Bollinger Band around $25, followed by the Supertrend at $25.59 [4]
Tom Lee Calls MrBeast's Finance Bet The Next 'Robin Hood, SoFi, Chime Combined' For GenZ—'He's The Guy' - BlackRock (NYSE:BLK), BitMine Immersion (AMEX:BMNR)
Benzinga· 2026-02-13 10:33
Core Insights - The entry of YouTube star MrBeast into the financial sector could significantly influence the financial preferences of younger generations, particularly Gen Z and Gen Alpha [1][2] - MrBeast's banking venture is anticipated to become a primary financial platform for these demographics, potentially serving as an entry point to cryptocurrency [2] - The combined population of Gen Z and Gen Alpha in the U.S. is approximately 120 million, while MrBeast has a global following exceeding one billion [3] Investment Perspective - The investment in MrBeast's financial platform is driven by the belief that he will become a highly influential entertainment brand, integrating cryptocurrency into financial services [4] - MrBeast's investment in Step is seen as beneficial for BitMine, aligning the company with a target audience of Gen Z and Gen Alpha consumers [4] - There is an expectation of a significant wealth transfer to younger generations in the coming decades, with trillions expected to be inherited [3]