GSUI Delivers Targeted Exposure to Sui, the Next-Generation Smart Contract PlatformSTAMFORD, Conn., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Grayscale, the world's largest digital asset-focused investment platform*, today announced Grayscale® Sui Staking ETF (Ticker: GSUI), has begun trading on NYSE Arca, offering investors exposure to SUI while seeking to capture staking rewards generated through participation in the Sui network. Grayscale Sui Staking ETF (“GSUI” or the “Fund”), an exchange traded product, is not ...

Financial Data and Key Metrics Changes - Revenue in Q1 fiscal 2026 increased more than four times to $21.4 million compared to $4.6 million in Q1 fiscal 2025 [16] - Gross margin increased significantly to 78.6% in Q1 fiscal 2026 from 24.5% in Q1 fiscal 2025, primarily driven by staking revenue from the Solana treasury strategy [16] - Net loss for Q1 fiscal 2026 was approximately $585.6 million, compared to a net loss of $0.7 million in Q1 fiscal 2025, largely due to a decline in the fair value of SOL holdings [18] Business Line Data and Key Metrics Changes - Forward held approximately 6,962,501 Solana as of December 31, 2025, with over 99% staked, generating a staking yield between 6.5% and 7.2% [13] - Fully diluted SOL per share increased from 0.0604 at the end of September 2025 to 0.0624 at the end of December 2025, representing a growth of roughly 13% in the fiscal first quarter [14] Market Data and Key Metrics Changes - Solana continues to lead in key metrics such as decentralized exchange trading volumes, active users, and developer engagement, demonstrating resilience and performance [6][7] - Institutional engagement has expanded significantly, with major financial institutions and payment platforms integrating with Solana [7] Company Strategy and Development Direction - The company aims to build a permanent capital vehicle that participates directly in the growth of the Solana ecosystem, evolving beyond a treasury into an active value-generating business [5] - Forward Industries is focused on compounding SOL per share by engaging directly in economic activities on-chain rather than relying solely on passive exposure [6] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the volatility in the market but emphasizes that Solana is now being evaluated based on actual performance rather than theoretical scalability [6] - The company believes the opportunity in front of Solana is increasingly clear, with a focus on long-term growth and responsible risk management [5][6] Other Important Information - Forward became one of the first public companies to have its SEC-registered shares live on a public blockchain, enhancing its operational capabilities [8] - The company launched fwdSOL, a proprietary liquid staking token, representing approximately 25% of its SOL holdings, allowing for efficient deployment of staked SOL [9] Q&A Session Summary Question: How does the company view recent token price volatility? - Management noted that SOL is down approximately 70% from its all-time high, which is typical in the crypto market, and emphasized maintaining a clean balance sheet [19][20] Question: What is the company's approach to potential M&A? - The company is looking for accretive acquisitions and is well-positioned to capitalize on opportunities due to its lack of institutional debt [23][24] Question: How should shareholders view SOL per share as a performance metric? - SOL per share growth is considered the North Star KPI, with a target to consistently generate returns greater than the staking yield [24] Question: What is the expected trend for staking yields as Solana network usage grows? - Management clarified that increased validator participation does not impact yields for stakers, and they expect yields to increase with network activity [43][44] Question: Can you clarify the nature of related party G&A expenses? - Related party expenses are associated with the launch of the digital asset treasury strategy and are expected to decrease in the coming months [50]

Group 1 - The article discusses various methods for earning passive income from cryptocurrency holdings, including staking, crypto lending, yield farming, and decentralized finance (DeFi) [1][2] - Platforms like Aave and Compound currently offer annual percentage yields (APYs) of 4.79% and 3.27% on USD Coin, respectively [1] - Staking is highlighted as a safer method for generating yield compared to crypto lending, which has limited consumer protections [2][3] Group 2 - Certain cryptocurrencies, such as Ethereum, Solana, and Cardano, provide yields to investors as rewards for contributing to network security through staking [3] - The Bitwise Solana Staking ETF claims that Solana holders can earn up to 7% average returns, with expectations of more staking ETFs being approved by the SEC this year [3] - The article compares potential earnings from staking $50,000 on various cryptocurrencies, showing that Solana offers the highest APY at 4.25%, resulting in a 1-year gain of $2,125 and a 5-year gain of $11,567.33 [5] Group 3 - Passive income from crypto is expected to increase in 2026 as ETFs make staking more accessible, but users should be cautious of fees associated with different platforms [6] - For example, Kraken's Auto Earn program only rewards users on half of the assets staked, and some platforms may take up to 25% of earnings in fees [6]

Core Insights - Bitmine has received overwhelming support from shareholders, with 81% voting in favor of increasing authorized shares, indicating confidence in the company's ETH accumulation strategy [8][9][10] - The total value of Bitmine's cryptocurrency holdings, cash reserves, and "moonshot" investments amounts to $14.5 billion, including 4,203,036 ETH valued at $3,211 each [4][5] - Bitmine's staking of ETH has reached 1,838,003, with a significant increase of 581,920 in the past week, and the company is on track to launch its MAVAN staking solution in Q1 2026 [12][13] Company Overview - Bitmine is recognized as the leading Ethereum Treasury company globally, focusing on long-term cryptocurrency investments and implementing innovative digital asset strategies for institutional investors [18] - The company has a notable backing from prominent institutional investors, including Cathie Wood of ARK and Bill Miller III, which supports its goal of acquiring 5% of ETH [3] - Bitmine's shares are among the most traded in the U.S., with an average trading volume of $1.5 billion per day, ranking it 59th among U.S. stocks [2][15] Investment Activities - Bitmine recently announced a $200 million investment in Beast Industries, which is expected to close soon and will initially be recorded at cost [6][7] - The company has acquired 35,268 ETH in the past week, reflecting a growing interest in Ethereum as a key asset for future investments [7] - Bitmine's ETH holdings represent 3.48% of the total ETH supply, positioning it as the largest Ethereum treasury globally [5][14]

Core Insights - Bitmine Immersion Technologies has solidified its status as the largest corporate holder of Ether by acquiring over 24,000 ETH in the past week, bringing its total holdings to approximately 4.17 million ETH, which constitutes about 3.4% of Ether's circulating supply [1][2][9] Group 1: Company Holdings - Bitmine reported a total of around $14 billion in combined crypto and cash holdings, which includes nearly $1 billion in cash reserves [3] - The company holds 193 Bitcoin and a $23 million equity stake in Eightco Holdings, with Ether being the cornerstone of its investment strategy [3] Group 2: Staking Strategy - The company has staked approximately 1.26 million ETH, an increase of nearly 600,000 ETH from the previous week, indicating a shift towards a more active role in the Ethereum ecosystem [4] - Bitmine is developing its own staking platform, expected to launch in early 2026, which will enhance its participation in the Ethereum network [5] Group 3: Shareholder Dynamics - Chairman Tom Lee has called for shareholders to approve an increase in authorized shares, which is crucial for the company's ability to continue acquiring Ether at scale [6] - A majority vote of outstanding shares is required to move forward with this proposal, which will be a key topic at the upcoming annual meeting [6] Group 4: Market Response - Following the news of its Ether acquisition and staking strategy, Bitmine shares rose about 3% in early trading, while Ether was trading near $3,100, reflecting broader market trends [7]

Core Insights - Staking has transitioned from a niche activity to a fundamental aspect of institutional investment in ether (ETH), influencing product design, returns, and risk management in the cryptocurrency market [1] Group 1: Institutional Adoption - The groundwork for institutional adoption of staked ether (stETH) was laid in the past year, highlighted by WisdomTree's launch of a staked ether exchange-traded product (ETP) in December, which is listed on major European exchanges [2] - The due diligence process for launching fully staked products involved approximately 450 queries, indicating the operational complexity and the benchmark expectations from investors [3] Group 2: Product Design and Returns - Existing ether ETFs and ETPs often keep a portion of ETH unstaked to meet liquidity requirements, which dilutes returns; a fully staked product can yield better returns [3][4] - A fully staked ETF can earn the full staking rewards, while a 50% staked ETF only earns half, emphasizing the economic advantages of full staking [4] Group 3: Market Trends and Liquidity - European markets have demonstrated the feasibility of fully staked products using liquid staking tokens like stETH, which can meet redemption timelines while remaining fully deployed [4][5] - The liquidity of stETH, with around $100 million executable within 2% of ETH's redemption value, allows issuers to maintain fully staked products without compromising staking rewards for investors [5] Group 4: Regulatory Environment - While staking has become a key method for crypto holders to generate yield, it is facing increasing regulatory scrutiny in the U.S. [6]

Group 1 - Upexi, Inc. is a leading digital asset treasury company focused on acquiring and holding Solana (SOL) in a disciplined manner [3] - The company currently holds over two million SOL and employs three key value accrual mechanisms: intelligent capital issuance, staking, and discounted locked token purchases [3] - Upexi aims to appeal to a wide range of investors by operating in a risk-prudent fashion and positioning itself for various market environments [3] Group 2 - Upexi's management will participate in two investor conferences in January 2026, including the Annual Alpha North Capital Event Conference and the Sidoti Micro-Cap Virtual Conference [2] - The Sidoti Micro-Cap Virtual Conference will feature a presentation by Chief Strategy Officer Brian Rudick on January 22, 2026, from 11:30 AM to 12:00 PM EST [2] - Interested parties can schedule one-on-one meetings with Upexi's management team through KCSA Strategic Communications [2]

Core Insights - Morgan Stanley has filed for a spot Ethereum ETF, following similar filings for Bitcoin and Solana, indicating a growing trend of Wall Street creating regulated pathways into cryptocurrency [1][4] - A spot Ethereum ETF will hold actual ETH rather than futures contracts, allowing everyday investors to gain exposure to Ethereum through standard brokerage accounts [2] - The ETF will also incorporate staking rewards, which will be rolled into the fund's price, gradually increasing its value [3] Industry Context - Morgan Stanley's significant asset management, totaling trillions, lends credibility to its crypto ETF filings, suggesting strong internal conviction rather than mere marketing [4] - The SEC's introduction of generic crypto ETF listing standards in late 2025 has reduced legal barriers, leading to over $2 trillion in cumulative trading volume for U.S. spot crypto ETFs [5] - Bitcoin ETFs have seen substantial inflows, with $697 million in a single day, while Ethereum ETFs currently manage around $20 billion in assets, highlighting the demand and financial incentives driving banks to enter the crypto ETF space [5][6] Impact on Investors - For novice investors, ETFs simplify the process of investing in Ethereum by eliminating technical barriers such as wallets and gas fees, making it as easy as purchasing stocks [7] - For experienced crypto users, increased ETF demand will likely lead to more ETH being locked up, tightening supply while staking further reduces circulating coins, which could stabilize prices [8]

Core Viewpoint - Bitmine is positioning itself as a leading player in the cryptocurrency market, focusing on accumulating Ethereum (ETH) and enhancing shareholder value through strategic investments and staking solutions. Group 1: Company Holdings and Financials - Bitmine's total crypto and cash holdings amount to $13.2 billion, which includes 4.11 million ETH tokens valued at approximately $2,948 each, $1.0 billion in cash, and additional investments in other cryptocurrencies [1][2] - The company currently holds 3.41% of the total ETH supply, which is 120.7 million ETH, indicating significant market presence [2] - Bitmine's total staked ETH stands at 408,627, valued at $1.2 billion, with a staking rate of 2.81% [3][4] Group 2: Market Position and Trading Activity - Bitmine is the 47th most traded stock in the US, with an average daily trading volume of $980 million [6] - The company is recognized as the largest ETH treasury globally, surpassing other competitors in terms of crypto asset accumulation [4] Group 3: Strategic Initiatives and Future Plans - Bitmine is set to launch its MAVAN (Made in America Validator Network) staking solution in Q1 2026, aiming to provide a secure staking infrastructure [3][4] - The company is actively encouraging shareholders to vote on key proposals at the upcoming Annual Stockholder Meeting scheduled for January 15, 2026, to support its strategic goal of acquiring 5% of ETH [3][7] Group 4: Leadership and Institutional Support - Bitmine is backed by prominent institutional investors, including ARK's Cathie Wood and Pantera, which enhances its credibility and market position [1] - The company emphasizes the importance of shareholder engagement and support for its strategic initiatives [3]

Product Overview - Stakehouse unifies participation metrics like staking, trading, and referrals for a holistic view of involvement [1] - Stakehouse aims to provide better outcomes for long-term stakers and ecosystem participants [1] - Stakehouse open beta is live, enabling users to stake, trade on DEXs, and refer others to earn [1] Token & Staking - Users can stake $TAKE with max tier [1] - Stakehouse offers multipliers for referrals and trading volume [1] Call to Action - Encourages users to engage with Stakehouse [2]