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📊 Technical Alert: $BMNR Bullish Setup
The double bullish triangle pattern is one of the most reliable indicators of a trend continuation. We saw this play out with Ethereum's historic run to $4.9K.
Key takeaways:
🔹 $ETH Signal: Currently signaling again at $3K support.
🔹 $BMNR Target: Heading toward $80+ based on the recent triangle breakout.
🔹 Catalyst: Strong correlation with ETH upside and mining efficiency.
Is $80 the next stop? The data says yes. Stay alert! 🚀
#TechnicalAnalysis #BinanceSquare #BMNR #CryptoTrading.
The double bullish triangle pattern is one of the most reliable indicators of a trend continuation. We saw this play out with Ethereum's historic run to $4.9K.
Key takeaways:
🔹 $ETH Signal: Currently signaling again at $3K support.
🔹 $BMNR Target: Heading toward $80+ based on the recent triangle breakout.
🔹 Catalyst: Strong correlation with ETH upside and mining efficiency.
Is $80 the next stop? The data says yes. Stay alert! 🚀
#TechnicalAnalysis #BinanceSquare #BMNR #CryptoTrading.
🚨 BITMINE DROPS $200M BOMB ON MRBEAST'S EMPIRE! 🚀
⚠️ WHY THIS MATTERS: MASSIVE DEFI INTEGRATION IMMINENT!
• $BMNR backs Jimmy Donaldson's new "MrBeast Financial" platform.
• DeFi is officially hitting the mainstream via 450M+ subs.
• $BMNR holds 4.17M $ETH—they are the infrastructure backbone.
• Beast Industries valued at $5 BILLION. This is institutional adoption on steroids.
The crypto world is about to get a massive visibility injection. Get ready for the noise! 🔥
#DeFi #CryptoAdoption #BMNR #MrBeast #Web3
⚠️ WHY THIS MATTERS: MASSIVE DEFI INTEGRATION IMMINENT!
• $BMNR backs Jimmy Donaldson's new "MrBeast Financial" platform.
• DeFi is officially hitting the mainstream via 450M+ subs.
• $BMNR holds 4.17M $ETH—they are the infrastructure backbone.
• Beast Industries valued at $5 BILLION. This is institutional adoption on steroids.
The crypto world is about to get a massive visibility injection. Get ready for the noise! 🔥
#DeFi #CryptoAdoption #BMNR #MrBeast #Web3
Why is BMNR Stock Rising Today?
Tom Lee’s BitMine, which is the largest #Ethereum treasury company, has announced a significant investment in MrBeast’s Beast Industries. This has sparked a surge in the #BMNR stock, which is already up over 16% year-to-date (YTD).
BMNR Stock Rises as BitMine Invests in Beast Industries
The BMNR stock is up 2% in premarket trading, trading at around $33 from yesterday’s close of $32. This rise in the stock’s price follows BitMine’s announcement of its investment in MrBeast’s company.
Source: Yahoo Finance; BMNR Daily Chart
An SEC filing shows that the Ethereum treasury company will make a $200 million equity investment in Beast Industries. Commenting on the move, BitMine’s Chairman, Tom Lee, opined that MrBeast and Beast Industries are the leading content creators of this generation, with a reach and engagement unmatched among GenZ, GenAlpha, and Millennials.
The BitMine chairman added that Beast Industries is the largest and most innovative creator-based platform in the world, and that their corporate and personal values are strongly aligned. Meanwhile, Beast Industries CEO, Jeff Housenbold, revealed that they look forward to exploring ways to further collaborate and incorporate DeFi into their upcoming financial services platform.
The deal will close on or about January 19. It marks a positive for the BMNR stock, which is already one of the best-performing crypto stocks this year. The stock is up over 16% year-to-date (YTD), while it has recorded a gain of over 430% in the last year, with most of these gains coming after BitMine adopted an Ethereum strategy.
BitMine continues to double down on its Ethereum treasury strategy. Tom Lee’s company accumulated 24,266 ETH last week and now holds 4.17 million ETH, which is almost 3.5% of the coin’s total supply.
Major Boost With Staking Plans And ETH Rise
The BMNR stock has also gotten a major boost as BitMine continues to stake its ETH holdings, which will increase the company’s revenue and ETH per share. Arkham data shows that BitMine recently staked 154,304 $ETH , worth $520 million, and has now staked a total of 1,685,088 ETH, worth $5.65 billion.
Meanwhile, the crypto market rebound has also contributed to the stock’s price rise, with BMNR rising alongside other crypto stocks such as MSTR, COIN, and HOOD. Specifically, ETH is up 13% YTD, which is a huge positive for the stock, given the company’s exposure to Ethereum.
However, it is worth noting that BitMine’s Ethereum investment remains at an unrealized loss of $2.1 billion, according to DropsTab data. The company’s current average buy price is $3,900, while ETH is currently trading at around $3,400.
BMNR Stock Rises as BitMine Invests in Beast Industries
The BMNR stock is up 2% in premarket trading, trading at around $33 from yesterday’s close of $32. This rise in the stock’s price follows BitMine’s announcement of its investment in MrBeast’s company.
Source: Yahoo Finance; BMNR Daily Chart
An SEC filing shows that the Ethereum treasury company will make a $200 million equity investment in Beast Industries. Commenting on the move, BitMine’s Chairman, Tom Lee, opined that MrBeast and Beast Industries are the leading content creators of this generation, with a reach and engagement unmatched among GenZ, GenAlpha, and Millennials.
The BitMine chairman added that Beast Industries is the largest and most innovative creator-based platform in the world, and that their corporate and personal values are strongly aligned. Meanwhile, Beast Industries CEO, Jeff Housenbold, revealed that they look forward to exploring ways to further collaborate and incorporate DeFi into their upcoming financial services platform.
The deal will close on or about January 19. It marks a positive for the BMNR stock, which is already one of the best-performing crypto stocks this year. The stock is up over 16% year-to-date (YTD), while it has recorded a gain of over 430% in the last year, with most of these gains coming after BitMine adopted an Ethereum strategy.
BitMine continues to double down on its Ethereum treasury strategy. Tom Lee’s company accumulated 24,266 ETH last week and now holds 4.17 million ETH, which is almost 3.5% of the coin’s total supply.
Major Boost With Staking Plans And ETH Rise
The BMNR stock has also gotten a major boost as BitMine continues to stake its ETH holdings, which will increase the company’s revenue and ETH per share. Arkham data shows that BitMine recently staked 154,304 $ETH , worth $520 million, and has now staked a total of 1,685,088 ETH, worth $5.65 billion.
Meanwhile, the crypto market rebound has also contributed to the stock’s price rise, with BMNR rising alongside other crypto stocks such as MSTR, COIN, and HOOD. Specifically, ETH is up 13% YTD, which is a huge positive for the stock, given the company’s exposure to Ethereum.
However, it is worth noting that BitMine’s Ethereum investment remains at an unrealized loss of $2.1 billion, according to DropsTab data. The company’s current average buy price is $3,900, while ETH is currently trading at around $3,400.
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"Mr. Beast" Unleashed: $200 Million in Crypto Capital Invests in a Celebrity, Is It a Dominant Strike or a Traffic Bubble?
Ethereum treasury giant BMNR (Bitmine Immersion Technologies) announced it will invest $200 million strategically in Beast Industries, the holding company behind the world's No.1 internet celebrity, Mr. Beast.
$200 million!
On one side is a viral powerhouse with hundreds of millions of followers, commanding global influence; on the other, a crypto whale holding massive amounts of Ethereum, lurking deep in the shadows. This deal is expected to be completed around January 19, when a new species might just emerge.
To understand this high-stakes game, one must first grasp the backgrounds of the two main players. Neither of them is someone to be taken lightly.
$200 million!
On one side is a viral powerhouse with hundreds of millions of followers, commanding global influence; on the other, a crypto whale holding massive amounts of Ethereum, lurking deep in the shadows. This deal is expected to be completed around January 19, when a new species might just emerge.
To understand this high-stakes game, one must first grasp the backgrounds of the two main players. Neither of them is someone to be taken lightly.
BMNR SHOCKER: ETH SUPPLY GRAB REVEALED!
Bitmine now controls 3.45% of all $ETH . Their target is 5%. They are the biggest $ETH buyer. This is not a drill. Tom Lee confirms $14 billion in assets. They are building the largest ETH staking machine. Get in now or get left behind. The future of finance is being built. Do not miss this revolution. Action is required.
Disclaimer: This is not financial advice.
#ETH #BMNR #Crypto #Staking 🚀
Bitmine now controls 3.45% of all $ETH . Their target is 5%. They are the biggest $ETH buyer. This is not a drill. Tom Lee confirms $14 billion in assets. They are building the largest ETH staking machine. Get in now or get left behind. The future of finance is being built. Do not miss this revolution. Action is required.
Disclaimer: This is not financial advice.
#ETH #BMNR #Crypto #Staking 🚀
Bitmine Immersion Technologies is making
headlines after growing its ether holdings to a very large level. The company now holds more than four point one four million ether. This equals about three point four three percent of the total ether supply. Bitmine is working toward a long term goal of holding five percent of all ether in circulation.
During the past week the company added around thirty three thousand ether to its treasury. This steady buying shows strong belief in the future of the network. Bitmine chairman Tom Lee has spoken openly about his long term view. He believes ether could reach very high prices in the future if digital assets continue to grow and gain trust.
Bitmine total crypto and cash holdings are now worth about fourteen point two billion dollars. This includes over nine hundred million dollars held in cash. The company also owns a small amount of bitcoin and holds an investment in another technology firm. These assets give Bitmine flexibility and financial strength as it grows its crypto strategy.
A key part of Bitmine plan is staking ether. As of early January the company had already staked more than six hundred fifty nine thousand ether. At current prices this amount is worth over two billion dollars. Staking allows the company to earn daily rewards while helping support the network. This creates steady income rather than relying only on price moves.
At the moment Bitmine works with three outside staking providers. However the company plans to take more control in the future. It is preparing to launch its own in house validator system called the Made in America Validator Network. This system is expected to go live in early twenty twenty six. Once active it will allow Bitmine to manage staking directly.
If all planned ether is fully staked Bitmine expects to earn more than one million dollars per day in rewards. This estimate is based on current staking rates. These rewards could become a major source of income for the company and help fund future expansion.
This approach shows how crypto focused firms are changing their strategies. Instead of only mining or trading they are building long term positions and earning yield through staking. Bitmine is positioning itself as both a holder and an active participant in the ether network.
The market has reacted positively to the news. Bitmine shares moved higher as ether prices also rose. Investors appear to see value in the company growing crypto reserves and long term income plans.
Bitmine strategy reflects a wider shift in how companies view digital assets. Ether is no longer just a trading asset. It is becoming a core treasury holding that can produce steady returns. With its growing stake and future validator launch Bitmine is placing itself at the center of this change.
#Bitmine
#BMNR
#Ethereum
#CryptoNews
#DigitalAssets
During the past week the company added around thirty three thousand ether to its treasury. This steady buying shows strong belief in the future of the network. Bitmine chairman Tom Lee has spoken openly about his long term view. He believes ether could reach very high prices in the future if digital assets continue to grow and gain trust.
Bitmine total crypto and cash holdings are now worth about fourteen point two billion dollars. This includes over nine hundred million dollars held in cash. The company also owns a small amount of bitcoin and holds an investment in another technology firm. These assets give Bitmine flexibility and financial strength as it grows its crypto strategy.
A key part of Bitmine plan is staking ether. As of early January the company had already staked more than six hundred fifty nine thousand ether. At current prices this amount is worth over two billion dollars. Staking allows the company to earn daily rewards while helping support the network. This creates steady income rather than relying only on price moves.
At the moment Bitmine works with three outside staking providers. However the company plans to take more control in the future. It is preparing to launch its own in house validator system called the Made in America Validator Network. This system is expected to go live in early twenty twenty six. Once active it will allow Bitmine to manage staking directly.
If all planned ether is fully staked Bitmine expects to earn more than one million dollars per day in rewards. This estimate is based on current staking rates. These rewards could become a major source of income for the company and help fund future expansion.
This approach shows how crypto focused firms are changing their strategies. Instead of only mining or trading they are building long term positions and earning yield through staking. Bitmine is positioning itself as both a holder and an active participant in the ether network.
The market has reacted positively to the news. Bitmine shares moved higher as ether prices also rose. Investors appear to see value in the company growing crypto reserves and long term income plans.
Bitmine strategy reflects a wider shift in how companies view digital assets. Ether is no longer just a trading asset. It is becoming a core treasury holding that can produce steady returns. With its growing stake and future validator launch Bitmine is placing itself at the center of this change.
#Bitmine
#BMNR
#Ethereum
#CryptoNews
#DigitalAssets
Tom Lee is likely to be very happy with $BMNR this year — it’s not a question of if, only when.
#BMNR
$HOME
#BMNR
$HOME
BitMine Chairman Tom Lee Proposes Massive Share Increase to 50B
By @MrJangKen • ID: 766881381
BitMine ($BMNR) Chairman Tom Lee is asking shareholders to approve increasing authorized shares from 50 million to 50 billion. The move aims to maintain "retail accessibility" through potential stock splits if Ethereum prices skyrocket.
Key Takeaways:
🔹The Strategy: As the largest corporate holder of ETH, BitMine’s stock price is tied to Ethereum's performance. Lee predicts that if BTC hits $1M and ETH reaches $250k, $BMNR could trade near $5,000/share.
🔹The "Unit Bias": Lee argues retail investors prefer lower-priced whole shares (around $25) over expensive fractions. A 100:1 split would require the massive 50B share ceiling.
🔹Flexibility: While Lee clarified they won't issue all 50B shares immediately, the cap provides room for splits, acquisitions, and capital raises without repeated approvals.
🔹Current Stats: $BMNR recently closed at $31.19, with 426M shares currently outstanding.
#BitcoinMining #EthereumTreasury #BitMine #BMNR #StockSplit
$ETC $ETH $BTC
By @MrJangKen • ID: 766881381
BitMine ($BMNR) Chairman Tom Lee is asking shareholders to approve increasing authorized shares from 50 million to 50 billion. The move aims to maintain "retail accessibility" through potential stock splits if Ethereum prices skyrocket.
Key Takeaways:
🔹The Strategy: As the largest corporate holder of ETH, BitMine’s stock price is tied to Ethereum's performance. Lee predicts that if BTC hits $1M and ETH reaches $250k, $BMNR could trade near $5,000/share.
🔹The "Unit Bias": Lee argues retail investors prefer lower-priced whole shares (around $25) over expensive fractions. A 100:1 split would require the massive 50B share ceiling.
🔹Flexibility: While Lee clarified they won't issue all 50B shares immediately, the cap provides room for splits, acquisitions, and capital raises without repeated approvals.
🔹Current Stats: $BMNR recently closed at $31.19, with 426M shares currently outstanding.
#BitcoinMining #EthereumTreasury #BitMine #BMNR #StockSplit
$ETC $ETH $BTC
Wall Street's $102.5M SHOCKER! Institutional Floodgates OPEN!
JPMorgan, the biggest U.S. bank, just made its move. They acquired a colossal 1,974,144 shares of BitMine (BMNR). That's a staggering $102.5 MILLION position! BMNR is aggressively accumulating $ETH. The smart money is positioning for the next major surge. This isn't just news; it's a flashing signal. Don't get left behind while titans seize the future. The time to act is now. Momentum is building. Seize this moment.
NFA. DYOR.
#CryptoFOMO #Ethereum #InstitutionalMoney #BMNR #MarketShift
🚀
JPMorgan, the biggest U.S. bank, just made its move. They acquired a colossal 1,974,144 shares of BitMine (BMNR). That's a staggering $102.5 MILLION position! BMNR is aggressively accumulating $ETH. The smart money is positioning for the next major surge. This isn't just news; it's a flashing signal. Don't get left behind while titans seize the future. The time to act is now. Momentum is building. Seize this moment.
NFA. DYOR.
#CryptoFOMO #Ethereum #InstitutionalMoney #BMNR #MarketShift
🚀
Cathie Wood's Ark Invest is doubling down on its crypto related investments. 🚀 The firm, a major player in disruptive innovation, just added another 388,045 shares of BitMine (#BMNR ) to its portfolio.
This latest acquisition brings Ark Invest's total holdings in the company to a massive $267 million, spread across its flagship ARKK, ARKF, and ARKW ETFs. This strategic move highlights Cathie Wood's continued conviction in companies at the forefront of the digital asset revolution.
BitMine, which is focused on building an Ethereum treasury, has seen its stock price soar this year, making it a key holding for Ark. This accumulation of shares is a strong signal that institutional interest in #blockchain and ether firms is growing. $BTC $XRP $ETH
This latest acquisition brings Ark Invest's total holdings in the company to a massive $267 million, spread across its flagship ARKK, ARKF, and ARKW ETFs. This strategic move highlights Cathie Wood's continued conviction in companies at the forefront of the digital asset revolution.
BitMine, which is focused on building an Ethereum treasury, has seen its stock price soar this year, making it a key holding for Ark. This accumulation of shares is a strong signal that institutional interest in #blockchain and ether firms is growing. $BTC $XRP $ETH
🚨 Breaking Crypto News Update! 🚨
Short-seller Kerrisdale Capital has officially announced a short position in BitMine Immersion (BMNR) — the ETH-focused company led by Tom Lee.
According to Kerrisdale, BitMine’s business model of “issuing shares to buy ETH” copies an outdated strategy similar to MicroStrategy’s old playbook. They claim this “reflexive loop” is no longer sustainable in today’s market.
The report also questioned the transparency and leadership strength of Tom Lee, saying he lacks the influence to keep investors confident.
This move has shaken confidence in BMNR, and traders are watching closely to see how the market reacts next. 👀
📉 Summary:
Company: BitMine Immersion (BMNR)
Targeted by: Kerrisdale Capital
Accusation: Outdated, unsustainable business model
Leader under fire: Tom Lee
Market sentiment: Bearish pressure increasing
#BitMine #TomLee #BMNR #KerrisdaleCapita #CryptoNews
According to Kerrisdale, BitMine’s business model of “issuing shares to buy ETH” copies an outdated strategy similar to MicroStrategy’s old playbook. They claim this “reflexive loop” is no longer sustainable in today’s market.
The report also questioned the transparency and leadership strength of Tom Lee, saying he lacks the influence to keep investors confident.
This move has shaken confidence in BMNR, and traders are watching closely to see how the market reacts next. 👀
📉 Summary:
Company: BitMine Immersion (BMNR)
Targeted by: Kerrisdale Capital
Accusation: Outdated, unsustainable business model
Leader under fire: Tom Lee
Market sentiment: Bearish pressure increasing
#BitMine #TomLee #BMNR #KerrisdaleCapita #CryptoNews
🚀 #Ethereum treasury shake up big players are stacking eth heavy 📊
in the last 30 days institutions have reshaped their eth strategy 👀
🥇 bitmine immersion tech bmnr now holding 1.87m eth worth 8b up 124
🥈 sharplink gaming sbet holding 837k eth worth 3.59b up 60
🥉 the ether machine ethm holding 495k eth worth 2.12b up 43
ethereum foundation holding 229.6k eth worth 984m down 1.3
ethzilla ethz holding 102.2k eth worth 438m up 24
fg nexus fgnx holding 48.4k eth worth 207m massive 656 surge 🚀🔥
institutions are clearly positioning for the next eth move do you think this signals a bullish trend ahead 🤔💎
#eth #bmnr #sbet #fgnx
in the last 30 days institutions have reshaped their eth strategy 👀
🥇 bitmine immersion tech bmnr now holding 1.87m eth worth 8b up 124
🥈 sharplink gaming sbet holding 837k eth worth 3.59b up 60
🥉 the ether machine ethm holding 495k eth worth 2.12b up 43
ethereum foundation holding 229.6k eth worth 984m down 1.3
ethzilla ethz holding 102.2k eth worth 438m up 24
fg nexus fgnx holding 48.4k eth worth 207m massive 656 surge 🚀🔥
institutions are clearly positioning for the next eth move do you think this signals a bullish trend ahead 🤔💎
#eth #bmnr #sbet #fgnx
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2025.7.29 On-chain Vision
Ethereum Edition: #Sharplink Down 70%, BMNR Plummets Again, Is It an Opportunity or a Pitfall?
Recently, the price pullback of #以太坊 has affected two important treasury projects in its ecosystem: Sharplink and #BMNR
The current price has dropped back to around 20 USD, #BMNR 11%, and further declined by 15% in after-hours trading.
The reason for the decline of BMNR is similar to the previous situation with Sharplink: both submitted prospectuses and plan to conduct PIPE (private investment in public equity) operations. Historical experience tells us that each time PIPE is done, stock prices almost always face significant pressure.
For example, after Sharplink disclosed its PIPE, the stock price plummeted by 60-70%, almost heading towards zero. However, this time the decline of BMNR is relatively “mild”, currently down only 15%, making the situation appear manageable.
Whenever $PIPE is involved, it can easily trigger fluctuations in market sentiment, so it is advisable to observe BMNR's trend after the US stock market opens tomorrow for a more prudent approach.
From the valuation indicators, Sharplink's NAV (Market Value Relative to Net Assets) has also dropped to a lower position. BMNR's MNAV has fallen to about 1.8%, and with the after-hours decline, it may drop to 1.6%; Sharplink's MNAV is also around 1.7%.
#MNAV below 2 usually indicates that these assets' stock prices may have some rebound potential. Of course, this is just a reference indicator and cannot be the sole basis for decision-making; it still needs to be evaluated in conjunction with market sentiment, technical aspects, and fundamentals.
Returning to the overall market, yesterday's Ethereum surge and subsequent pullback indeed impacted the entire market's confidence. Especially in the morning, when ETH drove a wave of increases, almost all altcoins surged significantly. The #DeFi sector exploded overall, with UNI briefly breaking 11 USD, and #ENA also surging past 0.7 USD, reaching a new high for the year.
But the good times didn't last long; with #ETH's pullback, these strong coins also experienced significant declines from their highs. This once again confirms an old logic in the crypto space: “Everything originates from Ethereum.” As long as #ETH performs weakly, the entire ecosystem will be affected.
Currently, market volatility is expected to continue, especially considering the dual impact of #Sharplink policy, caution is still needed in the short term.
Ethereum Edition: #Sharplink Down 70%, BMNR Plummets Again, Is It an Opportunity or a Pitfall?
Recently, the price pullback of #以太坊 has affected two important treasury projects in its ecosystem: Sharplink and #BMNR
The current price has dropped back to around 20 USD, #BMNR 11%, and further declined by 15% in after-hours trading.
The reason for the decline of BMNR is similar to the previous situation with Sharplink: both submitted prospectuses and plan to conduct PIPE (private investment in public equity) operations. Historical experience tells us that each time PIPE is done, stock prices almost always face significant pressure.
For example, after Sharplink disclosed its PIPE, the stock price plummeted by 60-70%, almost heading towards zero. However, this time the decline of BMNR is relatively “mild”, currently down only 15%, making the situation appear manageable.
Whenever $PIPE is involved, it can easily trigger fluctuations in market sentiment, so it is advisable to observe BMNR's trend after the US stock market opens tomorrow for a more prudent approach.
From the valuation indicators, Sharplink's NAV (Market Value Relative to Net Assets) has also dropped to a lower position. BMNR's MNAV has fallen to about 1.8%, and with the after-hours decline, it may drop to 1.6%; Sharplink's MNAV is also around 1.7%.
#MNAV below 2 usually indicates that these assets' stock prices may have some rebound potential. Of course, this is just a reference indicator and cannot be the sole basis for decision-making; it still needs to be evaluated in conjunction with market sentiment, technical aspects, and fundamentals.
Returning to the overall market, yesterday's Ethereum surge and subsequent pullback indeed impacted the entire market's confidence. Especially in the morning, when ETH drove a wave of increases, almost all altcoins surged significantly. The #DeFi sector exploded overall, with UNI briefly breaking 11 USD, and #ENA also surging past 0.7 USD, reaching a new high for the year.
But the good times didn't last long; with #ETH's pullback, these strong coins also experienced significant declines from their highs. This once again confirms an old logic in the crypto space: “Everything originates from Ethereum.” As long as #ETH performs weakly, the entire ecosystem will be affected.
Currently, market volatility is expected to continue, especially considering the dual impact of #Sharplink policy, caution is still needed in the short term.
See original
Crypto tycoon Du Jun speaks out: Shorting premium treasury companies like BMNR is feasible, but shorting ETH is a 'foolish move'
On October 9, Vernal founder Du Jun expressed a clear opinion on social media: investors may consider shorting premium treasury companies like BMNR, but choosing to short ETH is an unwise decision.
This statement quickly sparked heated discussions in the crypto community, with many investors beginning to reassess the market value and short-term trends of ETH, while also keeping an eye on the investment risks associated with premium treasury companies like BMNR. $ETH #BMNR
On October 9, Vernal founder Du Jun expressed a clear opinion on social media: investors may consider shorting premium treasury companies like BMNR, but choosing to short ETH is an unwise decision.
This statement quickly sparked heated discussions in the crypto community, with many investors beginning to reassess the market value and short-term trends of ETH, while also keeping an eye on the investment risks associated with premium treasury companies like BMNR. $ETH #BMNR
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mNAV broke below 1: What is happening with these 'coin stocks'?
mNAV breaking below 1 indicates that the market is no longer willing to pay a premium for the narrative of these 'coin stocks', and has even started to discount them.
In other words: a lot of funds would rather buy BTC / ETH or ETFs directly, and do not want to pay extra to buy 'shell version' coin stocks, and even believe that these companies themselves may 'drag behind'. #MSTR #BMNR #币股
mNAV breaking below 1 indicates that the market is no longer willing to pay a premium for the narrative of these 'coin stocks', and has even started to discount them.
In other words: a lot of funds would rather buy BTC / ETH or ETFs directly, and do not want to pay extra to buy 'shell version' coin stocks, and even believe that these companies themselves may 'drag behind'. #MSTR #BMNR #币股
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Officially exceeded 3 million! ETH Micro Strategy BMNR, during last week's market pullback, continued to buy heavily $ETH , accumulating 202,000 pieces just last week, compared to the previous week's 179,200 pieces, a month-on-month growth of 12.71%.
Currently, BMNR has officially accumulated 2.5% of the total ETH circulation in the network, with only half the distance remaining to the goal of 5% accumulation.
Interestingly, last week's increase, according to previous on-chain disclosures, mostly occurred during the market crash moments on weekends.
Tom Lee's company took practical action to bottom out. #BMNR
Currently, BMNR has officially accumulated 2.5% of the total ETH circulation in the network, with only half the distance remaining to the goal of 5% accumulation.
Interestingly, last week's increase, according to previous on-chain disclosures, mostly occurred during the market crash moments on weekends.
Tom Lee's company took practical action to bottom out. #BMNR
🚨 BREAKING 🚨
TOM LEE’S #BITMINE ADDS 33,504 $ETH WORTH $112 MILLION IN JUST 6 HOURS!
🚀 BMNR SURGES ABOVE $40 IN EARLY TRADING! 📈
#ETH #BMNR #CryptoNews
TOM LEE’S #BITMINE ADDS 33,504 $ETH WORTH $112 MILLION IN JUST 6 HOURS!
🚀 BMNR SURGES ABOVE $40 IN EARLY TRADING! 📈
#ETH #BMNR #CryptoNews
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