Latest news with #BitMineImmersionTechnologies
Yahoo
30-07-2025
- Business
- Yahoo
These 3 Hot Stocks Are Building Out Crypto Treasuries. Should You Buy, Sell, or Hold Them Now?
Michael Saylor's Strategy (MSTR) is no longer the only company buying and hoarding large amounts of Bitcoin (BTCUSD) and other cryptocurrencies. Dozens of companies are now playing the crypto treasury game. Shareholders who were once uneasy with these crypto investments are happy with the results as crypto keeps delivering stellar returns. In fact, even the U.S. government itself has a strategic crypto reserve following an executive order from President Donald Trump, making it the largest state holder of BTC. Swapping a slice of idle dollars for crypto can massively increase returns and give the company a more 'techy' reputation More News from Barchart Here's What Happened the Last Time Novo Nordisk Stock Was This Oversold As Nvidia Gets Ready for New China H20 Shipments, How Should You Play NVDA Stock? As SoFi Raises 2025 Guidance, Should You Buy, Sell, or Hold SOFI Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! So is it worth chasing the next firm that vows to turn itself into a Bitcoin or Ethereum (ETHUSD) piggy bank? The honest answer is that it depends, and the details matter more than the ticker. Some managements treat the crypto as a long-term reserve, funding it with genuine profits and pledging to hold through drawdowns. Others see it as a financing gimmick to raise cheap equity today and dump later. Here are three hot stocks that are building out their crypto reserves. BitMine Immersion Technologies (BMNR) BitMine Immersion Technologies (BMNR) is a Bitcoin mining company that specializes in small immersion-cooled data centers. The company mines Bitcoin for other third-party companies alongside its own mining operations and sells mining equipment on the side. It has just seven full-time employees. The stock popped in late June after BitMine announced it would raise $250 million via private placement to buy Ethereum to adopt an 'Ethereum treasury' strategy. The goal is to eventually become the MicroStrategy of Ethereum by acquiring and staking 5% of the global ETH supply. This will make it the largest single ETH holder. The company currently holds 625,000 ETH and 172 BTC, plus unencumbered cash of $401.4 million. In total, that's $2.77 billion. If you want outsized returns, it's worth buying. ETH has just started to outperform BTC, and many think a powerful altcoin cycle can happen this year. BitMine's stock could balloon if ETH breaks through $5,000 or more. CEA Industries (VAPE) CEA Industries (VAPE) was a Canadian vape company (hence the ticker), but it has recently aggressively pivoted to crypto. It announced a $500 million raise through a private investment in public equity (PIPE) deal. The majority of that will go towards buying and holding Binance Coin (BNBUSD), the native crypto of the Binance chain. It is also used on the Binance exchange. The deal attracted over 140 institutional and crypto-native investors, including 10X Capital, YZi Labs, Pantera Capital, Arche Capital, and GSR, among others. VAPE stock is up 330% in the past five days as a result of this deal. The market cap is still quite small at $34.5 million. That small market cap is reasonable despite the big investment amount, as outstanding warrants of $750 million can massively dilute investors if exercised. The long-term payoff is still uncertain, but it's a good stock to put into a high-risk, high-reward portfolio. VAPE's valuation is now tied almost entirely to the market's enthusiasm (or fear) toward BNB, which just set new all-time highs. BNB will be one of the biggest beneficiaries if an altseason happens and trading activity explodes. Bit Origin (BTOG) Bit Origin (BTOG) is another crypto mining and blockchain infrastructure company. It is now focusing on building a large digital asset treasury, with Dogecoin (DOGEUSD) as the core asset. Bit Origin announced a $500 million funding plan and the acquisition of over 40.5 million Dogecoin ($8.9 million). This made it the first publicly traded company on a major U.S. exchange to formally accumulate Dogecoin as a core treasury asset. BTOG is up 150% in the past month as traders are betting aggressively on crypto stocks. There are also hopes for potential Dogecoin adoption in payment systems and a major network upgrade. However, I think BTOG is not a buy at the moment. DOGE has fewer use cases and is a less-established crypto vs. ETH and BNB. It is also very inflationary. On top of that, BTOG itself is trading at $0.39, which is less than the Nasdaq minimum of $1. A reverse split may be ahead soon to help the company maintain its listing. On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
30-07-2025
- Business
- Yahoo
ETH Treasury Race Heats Up: BitMine Still Ahead Despite SharpLink's Latest Ether Purchase
Ether (ETH) is holding steady above $3,800, according to CoinDesk Data, as the battle for dominance among corporate ETH treasuries intensifies. On Tuesday, SharpLink Gaming (SBET) announced it had purchased an additional 77,210 ETH last week, worth nearly $290 million at an average price of $3,756. The move raises SharpLink's total ether holdings to 438,190 ETH, valued at roughly $1.69 billion. The Minneapolis-based firm has now raised over $279 million in net proceeds during the week of July 21 through its at-the-market (ATM) equity facility. Since launching its ETH treasury strategy on June 2, SharpLink has aggressively ramped up purchases while generating a total of 722 ETH in staking rewards. The company also said its ETH concentration ratio — measuring total ETH held relative to fully diluted shares — has risen 70% since launch. Despite SharpLink's surge, BitMine Immersion Technologies (BMNR) still leads the ETH treasury race. The Las Vegas-based company announced on the same day that its total ETH holdings stand at 625,000 tokens, valued at $2.35 billion. BitMine also revealed a $1 billion open-ended share repurchase program, allowing it to buy back its own stock as a flexible alternative to acquiring additional ETH. Chairman Tom Lee said the move reflects 'expected return calculus' as the company works toward its goal of controlling 5% of Ethereum's circulating supply. The competition between the two firms has become a major subplot in ether's rise. Both companies aim to become the dominant ETH treasury in public markets, often mirroring strategies once common among bitcoin-focused firms like Strategy (previously MicroStrategy). Former BlackRock executive Joseph Chalom, now Co-CEO at SharpLink, emphasized the company's alignment with ether's long-term value proposition and its role in reshaping financial infrastructure. Ether's price has remained remarkably resilient during a tense macroeconomic week. The Federal Reserve's monetary policy decision is due Wednesday at 2 p.m. ET, with no rate changes expected, though Fed Chair Jerome Powell's remarks may trigger volatility. Despite that uncertainty, ETH has climbed 56% in the past month as demand from ETFs and corporate treasuries outpaces new supply. Technical Analysis Highlights According to CoinDesk Research's technical analysis data model, ETH traded between $3,735.12 and $3,883.90 during the 24-hour session from July 28, 13:00 UTC to July 29, 12:00 UTC, marking a 4% range. Heavy accumulation at $3,735.12 (207,182 units) triggered a bounce, lifting ETH to session highs near $3,885. In the final hour, from 11:32–12:31 UTC, ETH rose from $3,838.34 to $3,850.19, breaching key resistance on strong volume. The $3,850 zone now acts as support as ETH consolidates near its highs ahead of Wednesday's Fed decision. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
30-07-2025
- Business
- Yahoo
BitMine Immersion Sets Up to $1B Buyback as Share Price Cools
Ether treasury firm BitMine Immersion Technologies (BMNR) has said it will repurchase up to $1 billion of its outstanding shares as part of a new open-ended buyback program approved by its board. The move comes as BitMine's crypto and cash holdings have ballooned to $2.77 billion, including 625,000 ETH valued at $2.35 billion and 192 bitcoin. The firm also holds $401.4 million in unencumbered cash, according to a press release. The repurchase plan would likely be leveraged once the company's share price drops sizably below the net asset value per share, currently estimated at $22.76. Down another 9.2% in premarket action, the stock is currently changing hands at $31.70, off from a bubbly high of $161 about three weeks ago. The announcement comes amid what Chairman Thomas Lee described as the firm's pursuit of 'the alchemy of 5%,' a reference to BitMine's long-term ambition to accumulate 5% of ETH's supply.
Yahoo
29-07-2025
- Business
- Yahoo
Ether Treasury Companies to Eventually Own 10% of Supply: Standard Chartered
Corporate treasury participation in ether (ETH) has surged in recent months, with institutional entities now holding 1% of the cryptocurrency's circulating supply, according to a report from investment bank Standard Chartered (STAN). The bank predicts that ether treasury holdings could reach 10% of total supply over time, a 10-fold increase from current levels. The pace of buying rivals inflows into spot ether exchange-traded funds (ETFs) , which are themselves seeing record demand, the report said. Several companies have recently unveiled ether treasury strategies that generate passive yield through ETH staking. These include BitMine Immersion Technologies (BMNR) and SharpLink Gaming (SBET). The recent influx of both ETF and corporate demand has probably helped drive ether's outperformance against bitcoin (BTC), with the ETH/BTC ratio rising from 0.018 in April to 0.032 in July, wrote Geoff Kendrick, global head of digital assets research at Standard Chartered. The trend has outpaced the equivalent corporate uptake of bitcoin and may signal the beginning of a longer-term structural shift in institutional digital asset portfolios, Kendrick said. Unlike bitcoin, ether treasury holdings offer returns from staking rewards, currently around 3%, and decentralized finance (DeFi) leverage opportunities, giving them a structural advantage over BTC treasuries. Standard Chartered argues this regulatory arbitrage, especially in jurisdictions where direct crypto access is limited, makes ether an increasingly attractive asset for listed companies looking to hold digital assets on their balance sheets. The bank maintained its ether year-end price target of $4,000. The world's second-largest cryptocurrency was trading around $3,830 at publication in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-07-2025
- Business
- Yahoo
Ether Treasuries Target Yield, but Risk Looms, Says Wall Street Broker Bernstein
Ether ETH treasury firms are emerging with a new playbook: Treat the cryptocurrency not just as a reserve asset, but as yield-generating capital. In recent months, several companies have unveiled ether treasury strategies that generate passive yield through ETH staking. These include BitMine Immersion Technologies (BMNR) and SharpLink Gaming (SBET). According to a report from Wall Street broker Bernstein published on Monday, these companies are structuring treasuries around the second-largest cryptocurrency, staking assets to earn operating income while supporting the network's financial base. While bitcoin (BTC) treasuries like Strategy's (MSTR) favor liquidity and passive holding, ether treasuries are leaning into staking yields, currently just under 3%, though historically ranging between 3%–5%, the report noted. A $1 billion ether treasury could generate $30million–$50 million in annual yield, Bernstein estimates. But with that income comes complexity. Ethereum's staking model offers yield to holders rather than miners, requiring active capital deployment and more intensive risk oversight. Unlike Strategy's highly liquid bitcoin reserves, ether staking introduces liquidity constraints. Unstaking can take days, creating potential mismatches in times of volatility. More advanced strategies, such as re-staking or decentralized finance-based (DeFi) yield farming, amplify smart contract and security risks, the report said. Treasury managers will need to balance yield optimization with institutional-grade custody and risk infrastructure. Still, Bernstein expects leading ether treasuries to manage these trade-offs effectively. With nearly 30% of ether supply staked and another 10% locked in DeFi, combined with ongoing ETF inflows, the report suggests strong structural demand for ETH in the near-to-medium term. Supply, meanwhile, remains relatively flat. The analysts remain bullish on ether and its ability to support treasury-scale capital strategies, as long as liquidity and risk are handled with in to access your portfolio
