U.S. spot Bitcoin exchange-traded funds clocked a three-day streak in outflows on Thursday, as new year optimism fades and traders reprice risk. Bitcoin ETFs recorded $205.5 million in outflows for the day, bringing the three-day cumulative netflow to $934.8 million, according to Farside data.  Inflows have outpaced outflows on just two days since the year began. Still, the 7-day net flow—calculated as the sum of all flows over a given period—remains positive at $240.7 million. Although a lagging indicator ...

Ethereum Treasury Company BitMine ($BMNR) has added another 32,977 ETH at a value of around $105 million, in the first 8 days of 2026 alone. Now, the company’s total ETH exposure has pushed past $13.2 billion, out of which the company has staked ETH worth $2.62 billion, making it one of the largest institutional holders of ETH. Tom Lee’s associated firm, BitMine, has always had an “Ethereum-first” treasury strategy and rather than holding ETH idle, the company is deploying it into its expanding validator ...

Grayscale has just paid out Ethereum staking rewards to U.S. ETF holders for the first time, transforming its ETHE fund into a yield-generating crypto product. The fund distributed $0.083178 per share from Q4 2025 staking income. This fits a bigger shift where crypto ETFs are no longer just “price trackers” but start to behave more like income products for mainstream investors. DISCOVER: Best Meme Coin ICOs to Invest in 2026 What Does Grayscale’s ETH Staking Payout Actually Mean for Beginners? First, q ...

The Ethereum treasury company Bitmine Immersion, led by Fundstrat Capital’s CIO Tom Lee, has been accumulating the leading altcoin amid market consolidation. Bitmine purchased 29,462 ETH on Tuesday, Dec. 23, according to data from Lookonchain. On Dec. 22, the Ethereum treasury firm accumulated another 13,412 ETH. The 42,874 ETH purchase, worth roughly $128.7 million, in the past two days brings Bitmine’s total holding to over 4.06 million ETH tokens. Bitmine has been heavily buying ETH over the past mo ...

bitmine stock, bitmine ethereum, bitmine bmnr. Photo by BeInCrypto Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee as BitMine’s bold Ethereum strategy is back in focus with market pressure building and investor nerves fraying. Losses are mounting, the stock is sliding, and yet influential buyers are quietly stepping in, setting up a familiar crypto standoff between conviction and caution. Crypto News of t ...

Moon Pursuit Capital, a crypto-focused investment firm, is launching its second fund, a $100 million market-neutral vehicle designed to deliver what it said are consistent, risk-adjusted returns across digital asset cycles. The new fund is built around an algorithmic trading strategy that aims to stay market-neutral and generate alpha without taking a strong directional view on prices, the company said in a press release Wednesday. A market-neutral strategy is an investment approach designed to generate ...

Crypto investment firm and index fund manager Bitwise thinks Bitcoin will hit new all-time highs again in 2026, even after falling into a rut over the last two months. The firm is predicting that the leading crypto asset will buck the trend of previous four-year cycles thanks to the diminishing strength of previous cycle indicators, and burst through to a new high mark above $126,080—its current all-time high set in early October. “Bitcoin has historically moved in a four-year cycle, with three significant ...

Core Insights - Metaplanet's multiple to net asset value (mNAV) has reached 1.17, the highest since the crypto crisis began on October 10 [1] - The company holds 30,823 BTC valued at approximately $2.86 billion, making it the fourth largest publicly traded company in terms of bitcoin holdings [2] - Metaplanet's enterprise value is around $3.33 billion, with a market capitalization of $3.43 billion and outstanding debt of about $304 million [2] - The mNAV had previously traded below 1, dropping to as low as 0.84 in November, but has since improved as bitcoin prices have risen [3] - The company has not increased its bitcoin holdings since late September, following two significant purchases [3] - Metaplanet's share price has increased nearly 30% since bitcoin's low near $80,000 on November 21 [3] - The company has filed for perpetual preferred equities, aligning its strategy with that of other firms like Strategy [4] - Metaplanet shares closed 12% higher at 471 yen on Wednesday [4]

Core Viewpoint - Cantor Fitzgerald analysts have significantly reduced their price target for Strategy shares while maintaining an "Overweight" rating, reflecting a positive long-term outlook despite recent declines in share value and Bitcoin prices [1][2]. Group 1: Price Target and Valuation - The new 12-month price target for Strategy's stock is set at $229, which is approximately 59% lower than the previous estimate of $560 [2]. - Analysts have adjusted the valuation of Strategy's treasury operations, decreasing it from $364 per share to $74 per share [3]. Group 2: Market Conditions and Company Performance - Strategy's shares have dropped over 50% in the past six months, with the stock price falling to $178 recently [2][4]. - Bitcoin's price has decreased nearly 30% from a high of over $126,000 in early October, dropping below $90,000 [4]. Group 3: Financial Strategy and Risks - Analysts expect Strategy to raise $7.8 billion from capital markets over the next year, down from a previous expectation of $22.5 billion [3]. - The company has established a $1.44 billion cash reserve to cover dividend payments for nearly two years, and its convertible debt of $8.2 billion does not mature until 2028 [5]. Group 4: Market Sentiment and Future Outlook - There are concerns about a potential "crypto winter," but analysts believe that fears regarding Strategy are exaggerated [4]. - Despite the recent drop in Bitcoin prices, analysts do not foresee an end to Strategy's Bitcoin-buying activities, although the company has acknowledged the possibility of selling under certain conditions [6]. Group 5: MSCI Indices and Market Impact - Analysts noted that the potential removal of Strategy from MSCI's indices could lead to $2.8 billion in outflows, which is a concern that is somewhat warranted [7]. - Historically, Strategy has increased its Bitcoin holdings by issuing common stock, but this method has become less effective as its market cap has fallen below the value of its crypto holdings [7].

Core Insights - BitMine now owns over 3.0% of the total ETH token supply, aiming for a target of 5% [1] - The company's total crypto, cash, and "moonshots" holdings amount to $12.1 billion, including 3.73 million ETH tokens and $882 million in unencumbered cash [1][2] - BitMine is accelerating its Ethereum accumulation ahead of the Fusaka upgrade, which is expected to enhance scalability, security, and usability of the network [1][3] Holdings and Financials - As of November 30, 2025, BitMine's crypto holdings include 3,726,499 ETH valued at $3,008 per ETH, 192 BTC, and a $36 million stake in Eightco Holdings [2] - The company has a significant cash reserve of $882 million, contributing to its strong financial position [2] Market Position and Trading Activity - BitMine is the largest ETH treasury globally and ranks as the 2 global treasury behind Strategy Inc. [4] - The company is one of the most actively traded stocks in the US, with an average daily trading volume of $1.7 billion, ranking 39th among US-listed stocks [6] Strategic Initiatives - BitMine is developing a staking solution called The Made in America Validator Network (MAVAN), set to launch in early 2026 [4] - The company is supported by a group of prominent institutional investors, including ARK's Cathie Wood and others, to achieve its ETH acquisition goals [1] Upcoming Events - BitMine will hold its annual shareholders meeting at the Wynn Las Vegas on January 15, 2026 [1][6]