BitMine Crypto + Cash Holdings Exceed $8.8 billion, including 1.71 million ETH TokensBitMine Crypto + Cash holdings of $8.8 billion is a $2.2 billion increase from $6.6 billion reported last weekBitMine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital to support BitMine's goal of acquiring 5% of ETHLAS VEGAS, Aug. 25, 2025 /PRNewswire/ -- (NYSE AMERICAN: BMNR) BitMine Immersion Techn ...

Core Points - MEDIROM Healthcare Technologies Inc. is participating in the "World" project, aimed at creating a digital infrastructure for "proof of humanness" in the AI era [2][3] - The company plans to install the World ID authentication device, "Orb," in approximately 100 Re.Ra.Ku relaxation salons, targeting access for up to 500,000 individuals [3][4] - Customers verifying their World ID can claim around 8,000 Japanese yen in Worldcoin tokens (WLD), which can be used to purchase gift certificates for Re.Ra.Ku salons [4] - Upon launching the program, the company intends to acquire WLD when customers purchase Re.Ra.Ku Tickets, with plans to exchange up to 50% of acquired WLD for Ethereum (ETH) [5] - The company aims to integrate next-generation digital infrastructure to create new value and achieve sustainable growth beyond traditional healthcare [6] Company Overview - MEDIROM operates over 300 relaxation salons in Japan under the "Re.Ra.Ku" brand, along with five other brands offering various health and wellness services [9] - The company provides health guidance and physical improvement programs through its healthcare app "Lav" and has expanded into device business with the "MOTHER Bracelet" [11] - Established in July 2000, MEDIROM is headquartered in Minato-ku, Tokyo, and is listed on NASDAQ under the ticker MRM [12]

Group 1: Bitcoin and MicroStrategy's Strategy - Bitcoin has become the world's fifth largest asset class with a valuation of $2.27 trillion, surpassing silver [1] - MicroStrategy's founder Michael Saylor made a significant decision to use the company's balance sheet to buy Bitcoin, resulting in a 2,461% increase in Strategy shares over the past five years, outperforming the S&P 500 Index's 93.1% gains [1][2] Group 2: BitMine Immersion Technologies and Ethereum - BitMine Immersion Technologies is the leading Ethereum treasury company, focusing on ETH as its primary treasury reserve asset and leveraging staking and decentralized finance mechanisms [3][4] - The company currently holds over 1.5 million ETH valued at approximately $6.59 billion, aiming to purchase 5% of the total ETH supply [4] Group 3: Ethereum's Market Potential - Tom Lee predicts that Ethereum is experiencing a "Bitcoin 2017" moment, suggesting significant price potential for ETH based on past Bitcoin performance [5] - The stablecoin market is expected to drive more activity and fees on the Ethereum network, as most stablecoins are issued on the Ethereum blockchain [10][13] Group 4: Stablecoin Growth and Regulation - The GENIUS Act has been passed, providing a regulatory framework for stablecoins, which is anticipated to spur growth in the industry [11] - US Treasury Secretary Scott Bessent believes dollar-backed stablecoins will enhance the dollar's global status and could become major buyers of US Treasuries [12] Group 5: Broader Adoption of Ethereum - Companies like SharpLink Gaming and World Liberty Financial are adopting Ethereum reserve strategies, indicating a growing trend among firms to follow the treasury strategy pioneered by MicroStrategy [15] - Ethereum is expected to benefit from the growth of tokenized assets, which could reach over $16 trillion by 2030, with Ethereum hosting more than 50% of all tokenized asset value [14]

Group 1 - American Bitcoin, supported by Donald Trump's son, is seeking acquisition targets in Japan and Hong Kong to accumulate crypto assets, aiming to replicate Michael Saylor's strategy [1] - Qubic's 51% attack experiment on the Monero network resulted in the reorganization of 6 blocks and 60 blocks becoming orphaned, with significant mining rewards distributed [1] - Ethereum validators have a queue of 355,919 ETH for entry and 831,056 ETH for exit, with a total staked amount of approximately 35.6 million ETH, representing 29.46% of the supply [2] Group 2 - Czech police arrested Tomas Jirikovsky, founder of the dark web marketplace Sheep Marketplace, for allegedly bribing the former justice minister with 468 BTC, valued at around $45 million [3] - The UAE tourism sector is increasingly adopting crypto payments, with airlines like Emirates and Air Arabia allowing ticket purchases using cryptocurrencies [4] - The U.S. July PPI year-on-year rate was reported at 3.3%, significantly exceeding the expected 2.5%, marking the highest level since February [6] Group 3 - Ethereum spot ETFs have seen a net inflow of $2.911 billion, continuing a streak of 14 weeks of net inflows, with total holdings valued at $29.22 billion [6] - BitMine announced a supplemental prospectus indicating a potential fundraising of up to $20 billion, with its ETH holdings valued at approximately $4.96 billion [7] - Coinbase completed the acquisition of crypto options trading platform Deribit, enhancing its product offerings in the crypto derivatives market [7] Group 4 - Bullish raised $1.1 billion through its IPO, with a market valuation of $5.4 billion, and was oversubscribed by more than 20 times [8] - Circle launched an open Layer-1 blockchain named Arc, designed for stablecoin payments and capital market applications, expected to go live in public testing this fall [9] - OKX announced a strategic upgrade to its X Layer, including the destruction of over 65 million OKB tokens, which led to a temporary spike in OKB's price [10]

Core Insights - Bit Digital has completed a significant transformation, pivoting to a dedicated Ethereum treasury and staking platform following the IPO of its former subsidiary, WhiteFiber [2][13][20] - The company aims to build one of the largest institutional Ethereum balance sheets in public markets while reducing its legacy Bitcoin mining exposure [14][23][35] Business Transformation - The IPO of WhiteFiber has allowed Bit Digital to focus on its Ethereum strategy, retaining approximately 74.3% ownership, which may reduce to 71.5% if the green shoe option is exercised [3][21] - The transition to Ethereum treasury and staking is expected to streamline operations and reduce costs significantly [10][41] Financial Performance - Total revenue for Q2 2025 was $25.7 million, with a notable decline in Bitcoin mining revenue to $6.6 million, down 59% year-over-year [5][27] - Cloud services revenue increased by 33% year-over-year to $16.6 million, while Ethereum staking revenue was $400,000, reflecting a slight decline [6][28] - Gross profit reached $12.5 million, resulting in a gross margin of approximately 49%, an improvement from the previous year [7][29] Ethereum Holdings and Staking - As of August 11, 2025, Bit Digital held approximately 121,000 ETH, a significant increase from 3,663 ETH at the end of Q2 2025 [3][23] - The company had about 105,000 ETH actively staked by August 11, with an annualized effective yield of approximately 3.1% [4][23] Strategic Outlook - Management plans to scale ETH holdings and optimize staking yield while maintaining a strong liquidity position, with total liquidity of approximately $273 million as of June 30, 2025 [8][31] - The company is exploring capital market alternatives to raise further capital for ETH purchases in a nondilutive manner [35][36] Regulatory Environment - Recent regulatory developments, including the Genius Act and the Clarity Act, are seen as positive steps toward broader institutional adoption of Ethereum [11][33][52] - The company believes that improved regulatory clarity will enhance Ethereum's role in digital payments and financial infrastructure [32][55]

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $25.7 million, compared to $29 million in the same quarter last year and $25.1 million in Q1 2025 [19] - Digital asset mining revenue decreased by 59% year-over-year to $6.6 million due to the April 2024 halving, higher network difficulty, and a lower active hash rate [19] - Cloud services revenue increased by 33% year-over-year to $16.6 million, driven by new customer contracts [19] - Gross profit was approximately $12.5 million, resulting in a gross margin of about 49%, up 80 basis points from the prior year [20] - Net income for the quarter was $14.9 million, or $0.07 per diluted share, compared to a net loss of $12 million in the same quarter last year [22] - Adjusted EBITDA was $27.8 million, compared to negative $3.8 million a year ago [22] - The company held $181.2 million in cash and cash equivalents as of June 30, with total liquidity of approximately $273 million [23] Business Line Data and Key Metrics Changes - Ethereum staking revenue was $400,000, down about 2% year-over-year due to higher staking rewards offset by a lower realized Ethereum price [20] - The company held approximately 121,000 ETH as of August 11, 2025, up from 3,663 ETH at the end of Q2 [11] - Active staking increased from 21,568 ETH at quarter end to approximately 105,000 ETH as of August 11, with an annualized effective yield of approximately 3.1% [12] Market Data and Key Metrics Changes - The company is focusing on building one of the largest institutional Ethereum treasury platforms in the public markets [5] - The transition to Ethereum is seen as a structural pivot, with the company aiming to generate scalable staking yield for shareholders [12] Company Strategy and Development Direction - The company aims to maximize long-term value for shareholders by focusing on Ethereum as a productive treasury asset [28] - Plans include scaling the ETH position, optimizing staking yield, and maintaining a strong liquid balance sheet [28] - The company is exploring capital market alternatives to raise further capital for purchasing additional ETH in a non-dilutive manner [30] - The separation of White Fiber is intended to provide strategic clarity and more disciplined capital allocation [7][8] Management's Comments on Operating Environment and Future Outlook - Management believes that Ethereum is becoming the financial infrastructure layer of the Internet, with major institutions building on it [26] - Regulatory clarity has improved, with recent legislation supporting the Ethereum ecosystem [27] - The company views the current market environment as favorable for Ethereum, with increasing institutional adoption [66] Other Important Information - The company is not investing in additional Bitcoin mining units and is exploring strategic alternatives for its Bitcoin mining business [15] - G&A expenses for Q2 included approximately $5.5 million in stock-based awards and consulting fees, which are expected to be nonrecurring [21] - The company remains debt-free and has signed a credit facility that transferred to White Fiber following its IPO [24] Q&A Session Summary Question: Growth in Ethereum staking among institutional investors - Management sees the growing acceptance of Ethereum staking as beneficial, noting that broader adoption validates the asset and benefits all participants [36][39] Question: Clarification on G&A expenses - Management confirmed that the increase in G&A is largely due to one-time expenses related to the IPO and acquisition, and expects future G&A to be significantly lower [48][50] Question: Support for the Ethereum ecosystem beyond ETH purchases - Management plans to increase marketing efforts for the ETH treasury strategy now that the IPO is complete, aiming to capture more mindshare in the market [60][62] Question: Regulatory framework for crypto - Management expressed optimism about the current regulatory environment, noting that recent legislation provides clarity and supports the growth of the Ethereum ecosystem [66][70] Question: Bitcoin mining strategy and fleet efficiency - Management indicated that the Bitcoin mining business is being wound down, with a focus on maintaining profitability while transitioning to a more efficient fleet [80][82]

Investor Presentation www.bit-digital.com @BitDigital_BTBT August 2025 1 Investor Notice bit-digital.com Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequently filed Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K. If any materia ...

Core Viewpoint - Cosmos Health Inc. has initiated the purchase of Ethereum (ETH) as part of its digital asset treasury reserve strategy, marking a significant step towards integrating cryptocurrency into its financial strategy [1][2]. Group 1: Company Strategy - The company has completed an initial purchase of $1 million in ETH, utilizing a financing facility of up to $300 million with a U.S.-based institutional investor [1]. - CEO Greg Siokas expressed enthusiasm about building an ETH treasury, indicating a shift from holding only cash to incorporating assets with strong appreciation potential [2]. - The strategic move is supported by the growing adoption of ETH by institutional investors, its inclusion in ETFs, and the proposed expansion of cryptocurrency access in retirement plans [2]. Group 2: Company Overview - Cosmos Health Inc. is a diversified, vertically integrated global healthcare group, incorporated in 2009 in Nevada [3]. - The company owns a portfolio of proprietary pharmaceutical and nutraceutical brands and operates under European Good Manufacturing Practices (GMP) [3]. - Cosmos Health is expanding its global distribution platform and has established R&D partnerships targeting major health disorders, enhanced by AI drug repurposing technologies [3].

Core Viewpoint - Fundamental Global Inc. is transitioning to FG Nexus Inc. and has filed a $5 billion shelf registration statement with the SEC, aiming to become the largest corporate holder of Ethereum (ETH) [1][2][3] Financial Flexibility - The shelf registration provides significant financial flexibility for opportunistic capital raises, enhancing the company's ability to deploy capital effectively [2][3] - The registration allows the company to offer and sell up to $5 billion of its securities, subject to market conditions and capital needs [5] Strategic Positioning - FG Nexus aims to capture the growing institutional adoption in the digital asset treasury market, leveraging its focused Ethereum strategy and substantial capital framework [4][8] - The company targets a 10% stake in the Ethereum Network, positioning itself as a well-capitalized player in the digital asset treasury sector [3][4] Market Context - Recent market activity indicates strong institutional appetite for digital asset exposure, creating opportunities for companies like FG Nexus with strategic capital deployment capabilities [3]

Core Insights - Unitronix Corp. is expanding its digital asset treasury strategy to include Ethereum, alongside its existing Bitcoin reserves, to create a multi-asset treasury model aimed at resilience and growth [1][2] - The integration of Ethereum is seen as a significant step towards maximizing long-term value and enabling participation in decentralized finance (DeFi) [2][3] Company Strategy - The company views Bitcoin as a foundational asset while Ethereum is considered a functional asset that unlocks programmable capital for staking, smart contracts, and asset tokenization [3] - Unitronix plans to stake a portion of its Ethereum holdings to earn passive yield and enhance network decentralization and security [3] Recent Developments - The announcement follows Unitronix's recent acquisition of Bitcoin, which positions the company on the Bitcoin Treasuries list and includes a partnership for accessing up to 50% of monthly BTC production from a U.S.-based data center [4] - These initiatives are part of Unitronix's treasury modernization framework focused on functionality, utility, and yield optimization [4] Company Overview - Unitronix specializes in the tokenization of real-world assets (RWAs) and employs smart contracts to improve transparency, security, and liquidity in its operations [5] - The company combines advanced cryptocurrency strategies with disciplined financial planning to innovate in the management and monetization of tokenized assets [5]