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Yahoo
21 hours ago
- 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
a day ago
- 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
a day ago
- Business
- Yahoo
A Massive Network Upgrade Could Transform Dogecoin and Remove Its Meme Status. Does That Make the DOGE Crypto a Buy Here?
Dogecoin (DOGEUSD) has long been carried on the back of the broader crypto market given its meme coin status. It has no use cases besides transactions. On top of that, Dogecoin is quite inflationary. Every year, approximately 5 billion more DOGE are added to the circulating supply. The current circulating supply is 150.28 billion, so it's already a notable number. This means DOGE's supply is infinite, unlike Bitcoin (BTCUSD), which has a finite supply. More News from Barchart Is XRP a Buy Below $3? BitMine Immersion Just Announced a $1 Billion Share Repurchase Plan. How Should You Play the Bitcoin Treasury Stock Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Although Dogecoin continues to have a strong meme coin following, many investors still largely avoid it given its lack of crypto use cases and its inflationary design. A massive network upgrade could change all of that. Dogecoin's Proposed Network Upgrade The team behind the popular MyDoge wallet published a draft proposal nicknamed OP_CHECKZKP. The change would add a single new instruction to the Dogecoin script system. That instruction lets the chain verify zero-knowledge proofs, tiny cryptographic receipts that verify an off-chain computation is correct without revealing the data behind it. Once it is active, rollups, a type of Layer-2 scaling solution, can post batches of hundreds or thousands of transactions to Dogecoin. As a result, transaction throughput could be in the thousands as fees remain low. DogeOS, the startup pushing the change, is simultaneously building an Ethereum Virtual Machine (EVM)-compatible 'app layer' on top of Dogecoin. If miners adopt OP_CHECKZKP, that layer could host Ethereum (ETHUSDT)-style smart contracts, games, and decentralized finance (DeFi) protocols while still settling every batch back to the original DOGE chain. What the Upgrade Would Change For everyday holders, the most visible difference would be lower fees and faster confirmation when using any app built on Dogecoin's new layer-2. Privacy would also improve, because zero-knowledge proofs reveal only that a transaction is valid, not who sent what to whom. Developers stand to gain the most. Today, if you want to launch a DOGE-themed NFT game or a decentralized exchange, you must either leave Dogecoin entirely or rely on separate side-chains such as Dogechain, which already exists but uses its own token for gas, a type of fee that serves as an operating cost of sorts. With OP_CHECKZKP, those projects could live inside a unified Dogecoin ecosystem, settle in DOGE, and inherit the brand's viral marketing power. DogeOS claims 'hundreds of teams' are already interested. Does the Upgrade Make DOGE a Buy? DOGE rose slightly after the news broke out, but its performance since hasn't been too bullish. DOGE is actually down 11.6% over the past five days at $0.215. The market likely believes the upgrade will make DOGE a DeFi chain among dozens of others that are fiercely competing for developer attention. Regardless, if the upgrade goes through, DOGE could gain significantly in the long run. The crypto still has name recognition, and fees are very cheap. Even without the upgrade, DOGE could rise if altseason kicks in. ETH has started to outperform BTC and is up 47% in the past month, compared to just 7.8% for Bitcoin. Money could soon flow into other altcoins like DOGE if this trend continues. DOGE can hit $0.40 or more this year if you extrapolate current market trends. 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 Error 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
a day ago
- Business
- Yahoo
Companies Are Buying This Crypto — and No, It's Not Bitcoin: Should You Invest Too?
The race for global cryptocurrency supremacy is hardly a race at all. The top player, bitcoin, is so big that its market capitalization is worth more than the combined market caps of the next 10 cryptos on this CryptoSlate list. That doesn't mean bitcoin is the only crypto worth investing in, though. Another name getting a lot of attention lately is ethereum, the No. 2 crypto with a price of about $3,780 and a market cap of roughly $456 billion. Read Next: Explore More: Although those numbers don't come close to bitcoin's — which boasts a price of almost $118,000 and a market cap above $2.3 trillion — ethereum still stands out because of its recent growth and potential as a winning investment. Company Investments Rising Much of ethereum's growth has been driven by corporate and institutional investors. As Yahoo Finance recently reported, some firms have been putting money into ethereum. Those firms include both large players like Coinbase Global and lesser-known names such as BitMine Immersion Technologies and SharpLink Gaming. Many investors are gravitating to ethereum because it lets them expand into the technology infrastructure behind digital assets and decentralized finance (DeFi), per Yahoo Finance. Check Out: 'More Utility Than Bitcoin' In case you're not familiar with ethereum, it's a decentralized, peer-to-peer network that enables the development of other cryptos. On it, developers can build and run applications, which are built using smart contracts, per Coinbase. Ethereum is the market leader in infrastructure that lets businesses and consumers transact among each other without banks, according to Yahoo Finance. 'Ethereum lets anyone … create their own token and thus their own community and incentivize communities with an economy basically,' Ray Youssef, CEO of NoOnes, a crypto marketplace, told Yahoo Finance. 'You could argue it has more utility than bitcoin.' Should You Invest In Ethereum? That utility helps explain why ethereum has been on a recent hot streak with investors. After touching a 2025 low of $1,387 in early April, its price has since risen more than 170%. Although ethereum still hasn't returned to its all-time high set in 2021, it recently hit its highest point in more than 3 1/2 years. Ethereum should keep trending higher as it draws interest from more companies, experts say. For example, digital asset platform Bit Digital recently announced that it moved its entire treasury from bitcoin to ethereum. 'We believe Ethereum has the ability to rewrite the entire financial system,' Bit Digital CEO Sam Tabar said in a press release. 'Bit Digital is aligning itself with Ethereum's long-term potential and positioning itself as a focused Ethereum treasury platform in the public markets.' Legislative Boost Ethereum has also gotten a boost from two new pieces of legislation. The Genius Act, which focuses on regulations for stablecoins, was signed by President Donald Trump in mid-July. The Clarity Act, which provides a regulatory framework for digital assets, is currently going through Congress. According to The Motley Fool, the combination of these acts 'might create a sort of 'perfect storm' for Ethereum's future development' because of its strong positions in both stablecoins and DeFi. Ultimately, ethereum has some tailwinds that could spell good news in the future, but investors should do their due diligence on ethereum before deciding to invest, as well as consider their own risk tolerance and financial goals. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth Warren Buffett: 10 Things Poor People Waste Money On This article originally appeared on Companies Are Buying This Crypto — and No, It's Not Bitcoin: Should You Invest Too? Error 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
a day ago
- Business
- Yahoo
Ethereum investors want treasuries to buy more Ether. BitMine just hinted at the opposite
The little-known Bitcoin miner turned Ethereum treasury known as BitMine is turning the corporate crypto treasury playbook on its head. On Tuesday, the publicly traded Ethereum treasury firm announced a $1 billion repurchase authorisation for a stock buyback plan. At first glance, it looked like a vote of confidence in the company's long-term value. But for Ethereum bulls, it may be a red flag. 'Seems like they're going to use some of their $400 million excess cash to buy their shares instead of ETH,' Ceteris, the pseudonymous head of research at Delphi Digital, said on X. It's a 'pretty bad development,' he said. 'People buying their stock want them to keep plowing their cash into ETH. This halts the momentum.' Mega trend BitMine has become one of the biggest corporate buyers of Ether in 2025. It has amassed over $2 billion worth of Ether in just two weeks, helping fuel a rally in both the cryptocurrency and its own stock price. The approach mirrors the Michael Saylor-style Bitcoin treasury strategy: raise cash, buy crypto, drive shareholder value through appreciation. Only now, it's Ethereum, not Bitcoin, taking center stage. But with BitMine's stock trading at a 35% premium to the value of its Ether holdings, the decision to pursue a buyback suggests a major shift. Instead of accumulating even more Ether, the company might use its cash to buy shares. That's a sharp break from the usual treasury playbook — one that's rattling investors who bought in for exposure to Ethereum, not equity games. A buyback authorisation is board-level approval to buy back shares up to a certain amount, though it doesn't guarantee that will happen. Buyback authorisations give companies the option, but not the obligation, to repurchase shares if management believes they're undervalued. The goal is usually to defend the stock when it trades below the net asset value of its holdings. BitMine Immersion Technologies did not immediately respond to DL News' request for comment. The treasury arbitrage model The calculation behind crypto treasury schemes is simple. If a company's stock trades above the value of its crypto holdings — known as its net asset value or NAV — it can issue new shares to buy more crypto, effectively growing its per-share holdings. But if it trades below NAV, the company might instead buy back stock to shrink the float and boost per-share value. BitMine isn't trading below NAV, however. In fact, it's trading at a significant premium, in line with Bitcoin giant MicroStrategy and ahead of Ethereum peer SharpLink Gaming. Why even float a buyback now? 'Usual flow here is: mNAV premium = sell shares, accumulate treasury asset. mNAV discount = sell treasury asset, buy shares,' said Ceteris on X. 'BMNR is trading at a premium, so...?' Buyer beware This may be more of a precautionary filing than a real-time strategy shift. 'This does not mean: 'We plan to buy back $1 billion worth of shares,'' Viktor, the pseudonymous researcher known as thedefivillain, said on X. 'It most likely means: 'We now theoretically have the RIGHT to buy back up to $1 billion worth of shares. But this is something we will do only if we trade at a large discount to NAV — which is not our goal, ideally.'' So far, BitMine hasn't said when or how it would execute a buyback. But the message is out there — and it's a marked shift from the aggressive accumulation strategy that cryptocurrency investors have come to expect from corporate treasury companies. Pedro Solimano is DL News' Buenos Aires-based markets correspondent. Got at a tip? Email him at psolimano@ Error 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
