Shares of Bitmine Immersion Technologies (NYSEMKT: BMNR) have fallen around 20% this week, according to data from S&P Global Market Intelligence. The newly formed cryptocurrency treasury operation focused on Ethereum has fallen alongside a crash in the aforementioned crypto's price this week. In the last month alone, Ether's price has fallen 36%, which is leading to huge unrealized losses on its crypto investment. Despite this, Bitmine continues to buy more Ether for its portfolio. Does that mean you sho ...

Ethereum treasury firm Bitmine has seen its BMNR stock decline sharply amid a broader market downtrend. Based on the current price of Ethereum, Bitmine now faces roughly $6 billion in unrealized losses. Chairman Tom Lee defended the firm’s position, pointing to the overall weakness in the market as the primary factor. Bitmine Stakes More Than 50% of Ethereum Holdings Data from Yahoo Finance shows that BMNR stock slipped by almost 2% at the close of trading on February 3. During the pre-market trading ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Sharplink Gaming Inc. (NASDAQ:SBET) CEO Joseph Chalom recognized Michael Saylor’s role in setting benchmarks for publicly-listed cryptocurrency treasury companies. Saylor Led The Crypto Treasury Wave Chalom, who is spearheading Sharplink’s Ethereum (CRYPTO: ETH)-centric operations, credits Saylor for demonstrating that a digital asset treasury firm can be “durable over multiple years.” The top executive s ...

Core Insights - BitMine, the largest Ethereum treasury firm, anticipates generating over $400 million in annual pre-tax income from its $13 billion ETH holdings primarily through staking [1] - The firm claims to have saved approximately $400 million on ether purchases in recent months, attributing this to the execution strategy from investment advisory firm MOZAYXX and trader Tom DeMark [1] - Despite these savings, BitMine is facing around $2.3 billion in unrealized losses since it began purchasing ETH in July, amid significant market volatility [2] Investment Strategies - BitMine has made a $200 million investment in a media company led by YouTube creator MrBeast, which is viewed as a promising opportunity with potential for a 10x return [2] - The firm sees value in connecting Ethereum with younger audiences, including Gen Z, Gen Alpha, and millennials, through partnerships with influential content creators [3] - Plans are underway for BitMine to launch a mobile app and to pursue "moonshot" investments in the tokenization sector, although specific details are still limited [3]

Core Insights - Bitmine (NYSE: BMNR) has increased its Ethereum holdings to 4.168 million ETH, representing 3.45% of Ether's total supply, with 1.256 million ETH staked for network security and rewards [1][3] - The company aims to increase its treasury holdings and is seeking shareholder approval to raise authorized shares, requiring a 50.1% favorable vote [2][3] - Bitmine's total treasury is valued at $14 billion, including its ETH holdings, 193 BTC, a $23 million stake in Eightco Holdings, and $988 million in cash [3][4] Treasury Holdings - Bitmine is the second-largest global treasury holder, following Michael Saylor's Strategy, which holds 13,627 BTC [4] - The company is currently the 67th most traded stock in the US, with an average daily trading volume of $1.3 billion [4] Staking Strategy - Bitmine has nearly doubled its staked Ether, now holding 1.256 million ETH, which constitutes approximately 30% of its total Ether holdings [5] - The company plans to launch the Made in America Validator Network (MAVAN) in Q1 2026, aimed at enhancing its staking infrastructure [6] - The anticipated daily staking fee revenue from MAVAN is projected to exceed $1 million, based on a composite Ethereum staking rate of 2.81% [6][7] - When fully operational, the annual staking fee from Bitmine's ETH is expected to reach $374 million [7]

Core Viewpoint - Bitmine Immersion Technologies has experienced a significant stock price increase of 248% in 2025, driven by a new management team and a focus on acquiring Ethereum, despite being down 77% from its all-time highs earlier in the same year [1]. Group 1: Business Model and Strategy - Bitmine Immersion Technologies operates as a cryptocurrency treasury company, raising funds to invest specifically in Ethereum rather than Bitcoin [2]. - The company has successfully raised funds through common stock offerings, accumulating over 1 million Ethereum tokens and other cryptocurrencies valued at $14 billion as of January 12, 2026 [3]. Group 2: Market Position and Valuation - The current market capitalization of Bitmine Immersion Technologies is $12.9 billion, which is below the value of its cryptocurrency holdings, indicating that the stock is trading at a discount [3]. - To sustain its investment strategy, the company plans to increase its total shares outstanding from 500 million to 50 billion, a 100x increase, which may lead to shareholder dilution or reliance on debt markets [4]. Group 3: Investment Considerations - The company faces a dilemma as it trades at a discount to its net asset value (NAV), which limits its ability to efficiently raise funds through stock sales for further cryptocurrency acquisitions [6][7]. - The volatility of cryptocurrencies poses a risk, as they have historically experienced significant price fluctuations [7].

BitMine Immersion Technologies (BMNR), the ether treasury firm helmed by Fundstrat's Thomas Lee, crossed the 4 million ether (ETH) milestone after acquiring 98,852 tokens last week, according to its Monday update. The purchase, valued at roughly $300 million at Monday prices, brings BitMine’s total ETH holdings to 4,066,062 tokens, or 3.37% of the current ETH supply. The firm also kept $1 billion in cash, unchanged over the week despite the purchases. Its ETH treasury alone is worth just over $12 billio ...

Core Insights - Strategy (MSTR) stock has experienced significant volatility in 2025, with a 60% correction from its 52-week high of $457, primarily due to declines in Bitcoin prices [1][4] - The company has established $1.44 billion in dollar reserves to support dividend payments and debt servicing, aiming for a coverage of 24 months of dividends [2][5] - As of December 2025, Strategy holds 650,000 Bitcoin, making it the largest Bitcoin treasury company globally, and reported a revenue growth of 10.9% in its AI-powered analytics software business [3] Financial Position - Strategy's enterprise value is reported at $68 billion, with convertible debt of $8.2 billion, resulting in a low loan-to-value ratio of 11%, indicating financial flexibility [6] - The company's Bitcoin net asset value (NAV) has decreased from $71 billion to $59 billion, highlighting the risks associated with high volatility in crypto assets [7] Profitability Outlook - The company anticipates an operating profit of $9.5 billion in 2025 if Bitcoin reaches $110,000 by year-end, but expects a loss of $7 billion if Bitcoin trades at $85,000 [8]

Trading volume in Strategy (MSTR) shares exploded Monday as the stock fell after the Nasdaq-listed firm announced a new dollar reserve and adjusted its full-year profit outlook.​ More than 42.9 million shares changed hands, making it the busiest trading day since Dec. 20, 2024, according to TradingView data. The stock lost 3.25% to $171.42. Strategy is the world's largest publicly listed bitcoin (BTC) treasury asset firm, holding 650,000 BTC valued around $56 billion. The company started accumulating coi ...

Core Insights - FG Nexus (FGNX) shares fell over 7% after the firm sold part of its Ethereum holdings to repurchase shares [1] - The firm raised $200 million in July for its Ethereum treasury strategy, acquiring over 50,000 ETH by September, but has since sold 10,922 ETH worth approximately $31.3 million [2] - FG Nexus has repurchased 8% of its outstanding shares at a significant discount to its net asset value (NAV) and plans to continue this strategy while shares trade below NAV [3] Company Actions - FG Nexus has offloaded some Ethereum holdings to fund share buybacks, similar to other firms like ETHZilla, which sold around $40 million worth of ETH for the same purpose [4] - As of the latest report, FG Nexus holds 40,005 ETH valued at about $115 million and around $37 million in USDC, having repurchased approximately 3.4 million shares at an average cost of $3.94 [5] - The current trading price of FGNX is $2.41, significantly below the average repurchase cost, with a decline of nearly 37% in the last month and over 85% in the last six months [6] Market Context - The firm's stock has seen a drastic decline from above $40 in August, positioning FG Nexus just outside the top seven publicly traded Ethereum treasuries based on its current ETH holdings [6]