Latest news with #BitmineImmersionTechnologies
Yahoo
17 hours ago
- Business
- Yahoo
Bitmine (BMNR) Soars 24% on Easy $423-Million Unrealized Gain From ETH's Jump to $4K Level
We recently published . Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of the best-performing stocks on Friday. Bitmine Immersion extended its winning streak to a fourth consecutive day on Friday, soaring 24.59 percent to close at $51.43 apiece, as investors gobbled up shares following Ethereum's rally past the $4,000 level that easily translated to as much as $423 million in gains. Investors were quick to load up positions in Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) after announcing on Monday that it is now the world's largest Ethereum treasury holder to date. This followed the acquisition of worth $3 billion Ethereum coins, involving 833,137 units at an average price of $3,491.86. The transaction was made in just more than 30 days after announcing its ETH Treasury strategy in June this year. From the average acquisition price, Bitmine Immersion Technologies, Inc.'s (NYSEAmerican:BMNR) ETH ownership already translates to gains of more than $423 million. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) claims to be the third largest cryptocurrency treasury holder to date, next to Strategy Inc. (NASDAQ:MSTR) and MARA Holdings Inc. (NASDAQ:MARA). It said it plans to bolster its treasury of ETH to up to 5 percent of the total supply. While we acknowledge the potential of BMNR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Bitmine Immersion (BMNR) Jumps 6.97% on $3-Billion ETH Acquisition
We recently published . Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of the best-performing stocks on Tuesday. Bitmine snapped a two-day losing streak on Tuesday, jumping 6.97 percent to close at $33.3 apiece as investor sentiment was boosted by its $3-billion acquisition of Ethereum coins. Just recently, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) purchased more than 833,000 ETH at a price of $3,491.86 apiece as part of its ETH Treasury program announced on June 30. 'BitMine moved with lightning speed in its pursuit of the 'alchemy of 5 [percent]' of ETH growing our ETH holdings to over 833,000 from zero 35 days ago,' said Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) Chairman Thomas Lee. 'We have separated ourselves among crypto treasury peers by both the velocity of raising crypto NAV per share and by the high liquidity of our stock,' he added. Image by Лечение Наркомании from Pixabay Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long-term investment. While we acknowledge the potential of BMNR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
5 days ago
- Business
- Yahoo
SharpLink Gaming (SBET) Surges 11.67% as ETH Holdings Nearing $2-Billion
We recently published . SharpLink Gaming, Inc. (NASDAQ:SBET) is one of the companies that stood stronger last week. SharpLink Gaming snapped two straight days of losses on Monday, jumping 11.67 percent to close at $19.14 apiece as investors cheered its new round of Ethereum (ETH) acquisition that effectively raised its holdings to nearly $2 billion. According to a post by @Lookonchain on X, SharpLink Gaming, Inc. (NASDAQ:SBET) acquired an additional 18,680 ETH for a total of $66.63 million. However, it was unseated by Bitmine Immersion Technologies as the largest ETH holder globally. SharpLink Gaming, Inc.'s (NASDAQ:SBET) recent purchase followed its successful at-the-market facility two weeks earlier that saw the company raise as much as $279.2 million in net proceeds. The fundraising program forms part of the $1 billion share sale as earlier announced for the acquisition of more ETH coins. According to SharpLink Gaming, Inc. (NASDAQ:SBET), it intends to use a substantial amount of the proceeds to acquire ETH, while the balance will be used to fund working capital needs, general corporate purposes, operating expenses, and core affiliate marketing operations. Based on its historical reporting dates, SharpLink Gaming, Inc. (NASDAQ:SBET) is scheduled to announce the results of its second quarter earnings by next week. While we acknowledge the potential of SBET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Connectez-vous pour accéder à votre portefeuille
CNBC
01-08-2025
- Business
- CNBC
Lightning Round: Lincoln Education is expensive, wait for it to come in, says Jim Cramer
'Mad Money' host Jim Cramer weighs in on stocks including: CoreWeave, Lam Research, Bitmine Immersion Technologies, Core Scientific, Terawulf, Lincoln Education, and more.
Yahoo
31-07-2025
- Business
- Yahoo
First Bitcoin, Then Ethereum: Will Ripple's XRP Be the Next Target of the Corporate Treasury Strategy?
Key Points XRP, Bitcoin, and Ethereum have all soared over the trailing-three-year period, with the latter two benefiting from public companies establishing digital asset reserves. Strategy holds nearly 2.9% of all Bitcoin that'll ever be mined, while Bitmine Immersion Technologies and SharpLink Gaming have begun piling into Ethereum. Despite XRP's abundant near-term catalysts, Ripple's bridge currency lacks the standalone value that would make it desirable for public companies seeking digital asset reserves. 10 stocks we like better than XRP › Though artificial intelligence (AI) has been the hottest trend on Wall Street for the better part of the last three years, it's not the only trend that's turning heads and raising eyebrows. The emergence of cryptocurrency treasury strategies has put some serious pep in the steps of the world's leading digital assets. Over the trailing-three-year period, as of this writing in the early evening on July 28, XRP (CRYPTO: XRP), the third-largest digital currency by market value, had risen just shy of 800%. Meanwhile, respective No.'s 1 and 2 in market value, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), have galloped higher by 421% and 136%. Numerous factors have played a role in the outperformance of this crypto trio, including the election of Donald Trump, whose administration has taken a favorable view of the digital asset landscape, as well as positive sentiment in the investment arena. With two of Wall Street's three major stock indexes blasting to new highs, investor confidence is soaring in the emotion-driven digital currency space. But there's no mistaking the demand-side boost Bitcoin and Ethereum have enjoyed from the adoption of corporate treasury strategies involving these tokens. The question is: Will Ripple's XRP be the next target for corporate America? Cryptocurrency treasury strategies have lifted demand for leading digital assets Instead of carrying cash or other marketable securities on their balance sheets, some businesses are choosing to use their cash, or issuing stock and/or some form of debt, to purchase digital assets. The concept of the Bitcoin treasury strategy kicked off with Strategy (NASDAQ: MSTR)(formerly known as MicroStrategy), which began purchasing Bitcoin to hold on its balance sheet in August 2020. Strategy CEO Michael Saylor has been adamant for years that Bitcoin is a superior form of money, especially when compared to the U.S. dollar, which devalues over time as the U.S. money supply increases. Strategy, which anointed itself the first "Bitcoin Treasury Company," has spent about $43.6 billion to acquire 607,770 Bitcoin. Since only 21 million Bitcoin are set to be mined, Strategy owns close to 2.9% of the lifetime supply. The perception of a fixed peak circulating supply is why Bitcoin is typically viewed as a phenomenal inflationary hedge. A number of companies have followed in Strategy's footsteps by adding Bitcoin to their balance sheets, many of which are micro- and small-cap businesses that are attempting to drum up hype for their respective companies. Recently, a handful of public companies began shifting their attention to Ethereum. Whereas Bitcoin's top-selling point is its perceived scarcity, Ethereum's is its functionality. Ethereum's blockchain is the backbone for decentralized applications, smart contracts, and decentralized finance that removes the middleman from the equation. Two notable public companies have dived head-first into the Ethereum treasury strategy: Bitmine Immersion Technologies (NYSEMKT: BMNR) and SharpLink Gaming (NASDAQ: SBET). Bitmine, whose board is chaired by Fundstrat's Tom Lee, holds 566,776 Ether (ETH), with a goal of gobbling up 5% of the circulating supply. Meanwhile, SharpLink holds 360,807 ETH, worth about $1.36 billion at the time of this writing. Is XRP the next logical crypto treasury candidate? Considering XRP's ninefold ascent over the last three years, as well as its numerous near-term catalysts, it would appear there's certainly momentum, on paper, for public companies to add XRP tokens to their balance sheet. But if investors dig below the surface-scratching headlines, they'll discover it's unlikely that XRP will be a sought-after digital asset for corporate America. There's no question that XRP has enjoyed a stellar run-up. President Trump's November victory cleared the way for the eventual resignation of now-former U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, who was a constant thorn in the side of digital currencies. Gensler's exit led to the resolution of litigation clouds that had hung over Ripple, whose payment network leans on XRP as its bridge currency for cross-border transactions. Additionally, there's plenty of excitement surrounding the possibility of the SEC approving a spot XRP exchange-traded fund (ETF). A spot XRP ETF would likely follow in the footsteps of Bitcoin and Ethereum and see sizable cash inflows in the weeks and months following approval. XRP investors also remain optimistic about the ongoing adoption of XRP as a cross-border payment intermediary. North of 300 financial institutions are utilizing RippleNet to facilitate transactions that can validate and settle in three to five seconds. If adoption continues, Ripple's payment network could lead to a demand surge in XRP tokens. But herein lies the rub. While XRP has been firing on all cylinders in recent months due to a confluence of positive factors, it lacks the perceived stand-alone value brough to the table by Bitcoin and Ethereum. Whereas Bitcoin has its limited supply as a catalyst, and Ethereum stands tall as the premier smart contracts blockchain, XRP is simply a bridge currency for Ripple's payment network. What's more, XRP isn't the only bridge available to financial institutions using Ripple's cross-border payment solutions. In select overseas markets, financial institutions aren't using XRP at all to complete transactions. Furthermore, the adoption rate for Ripple's payment platform and XRP remains relatively tame. Though having more than 300 financial institutions using RippleNet globally sounds great on paper, it's a far cry from the 11,000-plus financial institutions relying on the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, which has been the standard for cross-border payments spanning decades. Although one publicly traded micro-cap company with a market cap of less than $2 million recently unveiled an up-to-$20 million XRP treasury reserve strategy, investors shouldn't expect XRP to be actively held for any sustained period by nonfinancial (or financial-based) public companies. Should you buy stock in XRP right now? Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $630,291!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,075,791!* Now, it's worth noting Stock Advisor's total average return is 1,039% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and XRP. The Motley Fool has a disclosure policy. First Bitcoin, Then Ethereum: Will Ripple's XRP Be the Next Target of the Corporate Treasury Strategy? was originally published by The Motley Fool
