An 81% weekly rally met a prior breakdown zone. RIVER now sits at a technical crossroads.
Wall Street’s attitude toward Bitcoin has flipped from euphoric to deeply skeptical after last year’s crowded long trade unraveled, according to Galaxy Digital head of research Alex Thorn. In an interview on What Bitcoin Did, Thorn said the shift has less to do with conspiracy theories or a single bearish catalyst than with exhausted demand, heavy long-term holder selling, and a market now struggling to find a fresh narrative. Thorn pushed back on claims that firms such as Jane Street are to blame for Bitcoin’s weakness, calling that line of thinking “Twitter cope.” He argued that most of the outrage reflects frustration with price action rather than evidence of deliberate suppression. “What do we think the actual incentive would be for them to suppress the price?” Thorn said. “Bitcoin’s a multi-trillion, well whatever it is, one-point-something-trillion-dollar asset. It’s hard to manipulate markets of scale in a specific direction because it is a free market and it’s a large one.” – bitcoin didn’t crash because of jane street – whale distribution was significant, inevitable, necessary, healthy – wall st negativity on BTC is real but wrong – bitcoin’s fundamental value is real and right – you need to be robotmaxxing or you’ll be forever framemogged https://t.co/GUMAARf7Pl pic.twitter.com/QQhDy3RNrg — Alex Thorn (@intangiblecoins) February 28, 2026 Why Wall Street Is Wrong On Bitcoin His broader explanation was more straightforward. From late 2024 through the period between the US election and inauguration, he said, being long Bitcoin was “the most popular trade in the world.” That changed as capital rotated elsewhere. AI-linked equities, semiconductor names, energy plays, quantum stocks and gold all began attracting attention, while Bitcoin’s momentum faded. Related Reading: Bitcoin Whale Inflows On Binance Reach Highest Level Since 2022 At the same time, Thorn said, long-term holders were consistently distributing coins into strength. He described that selling as structural rather than alarming. “That’s literally how distribution occurs and it’s how you make money in a trade,” he said, arguing that older holders taking gains is part of Bitcoin’s maturation rather than a sign of failure. He went further, framing the whale distribution as constructive for the network over the long run. “Technically you want more selling. You want it distributed to people who buy it at a higher cost basis,” Thorn said. “The realized price is higher and that’s a good thing. That means people, with enormous amounts of money, are willing to buy Bitcoin at really high prices. To me that’s a core signal of adoption.” Still, Thorn acknowledged that sentiment has deteriorated sharply, especially among professional investors. In his view, Bitcoin’s failure since September to behave like “digital gold” damaged the story many allocators had bought into. Wall Street, he said, took that label too literally. Related Reading: Fidelity Thinks Bitcoin May Be Leaving Its 80% Crashes Behind “We didn’t mean it was going to trade with a high beta to GLD,” Thorn said. “Its features are gold-like. Its trading behavior hasn’t fully caught up to that yet. The delta between those two things, if you believe it eventually closes, that’s your alpha.” That mismatch has helped sour institutional mood just as broader macro fears have worsened. Thorn said investors are anxious about AI from both directions: that it may fail to justify massive capex, or succeed so thoroughly that it destroys jobs and destabilizes markets. If equities roll over on the back of that uncertainty, he suggested, Bitcoin may struggle to stay insulated. Even so, Thorn drew a line between short-term sentiment and long-term conviction. “We really should focus on explaining its fundamental purpose and use cases and value to a holder of Bitcoin as the reason that it goes up,” he said. “Stop begging for Jay Powell to buy your bags. That’s not nearly as durable as the reason it going up being that people deeply understand the savings technology that is Bitcoin.” For Thorn, that is the real story now: Wall Street may have turned negative, but the longer-term battle is still about whether more investors come to see Bitcoin as a durable store-of-value asset rather than a passing macro trade. At press time, BTC traded at $66,109. Featured image created with DALL.E, chart from TradingView.com
More on Strategy My Ultimate Contrarian Bet For 2026: Strategy Strategy: Don't Buy The Perilous Dip, Still Grossly Overvalued Strategy Inc. (MSTR): The 717,000 Bitcoin Treasury Story In 2026 | 2-Minute Analysis Michael Saylor’s Strategy tops U.S. short list, but high short interest may not signal pure bearishness Strategy buys bitcoins worth $39.8M in prior week
BitcoinWorld Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.474 Million Tokens, and Total Crypto and Total Cash Holdings of $9.9 Billion Bitmine has 3,040,483 staked ETH, representing $6.0 billion at $1,976 per ETH; MAVAN staking solution on track to launch Q1 2026 Bitmine now owns 3.71% of the ETH token supply, over 74% of the way to the ‘Alchemy of 5%’ in just 8 months Bitmine recently closed on initial $200 million investment into Beast Industries Bitmine Crypto + Total Cash Holdings + “Moonshots” total $9.9 billion, including 4.474 million ETH tokens, total cash of $868 million, and other crypto holdings Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock Bitmine is the 145th most traded stock in the US, trading $0.8 billion per day (5-day avg) Bitmine remains supported by a premier group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring 5% of ETH LAS VEGAS, March 2, 2026 /PRNewswire/ — (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”) a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + “moonshots” holdings totaling $9.9 billion. As of March 1, 2026 at 2:00pm ET, the Company’s crypto holdings are comprised of 4,473,587 ETH at $1,976 per ETH (NASDAQ: COIN), 195 Bitcoin (BTC), $200 million stake in Beast Industries, $14 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash of $868 million. Bitmine’s ETH holdings are 3.71% of the ETH supply (of 120.7 million ETH). “Bitmine continues to methodically execute our Ethereum treasury strategy as we move our way through the later stages of this ‘mini crypto winter.’ Geopolitical uncertainty has risen in the past few days, as the US has commenced combat operations against Iran, and the impact on financial and digital asset markets will be felt in the coming weeks. We continue to steadily acquire ETH and optimize the yield on our ETH holdings,” said Thomas “Tom” Lee, Chairman of Bitmine. “In the past week, we acquired 50,928 ETH,” continued Lee. “Bitmine has been buying Ethereum, as we view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance.” As of March 1, 2026, Bitmine total staked ETH stands at 3,040,483 ($6.0 billion at $1,976 per ETH). “Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the ETH staking rewards is $253 million annually (using 2.86% 7-day BMNR yield),” stated Lee. “Annualized staking revenues are now $172 million. And this 3.0 million ETH is about 68% of the 4.5 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil ) is 2.83%, while Bitmine’s own staking operations generated a 7-day yield of 2.86% (annualized). We continue to make progress on our staking solution known as The Made in America VAlidator Network (MAVAN). This will be the ‘best-in-class’ solution offering secure staking infrastructure and will be deployed in early calendar 2026. Bitmine is currently working with 3 staking providers as the Company moves towards unveiling MAVAN in 2026,” continued Lee. Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 717,722 BTC valued at $47 billion. Bitmine remains the largest ETH treasury in the world. Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $0.8 billion (5-day average, as of February 27, 2026), ranking #145 in the US, behind Datadog (rank #144) and ahead of Expedia Group (rank #146) among 5,704 US-listed stocks ( statista.com and Fundstrat research). The GENIUS Act and Securities and Exchange Commission’s (“the SEC”) Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold. The Chairman’s message can be found here: https://www.Bitminetech.io/chairmans-message The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/ To stay informed, please sign up at: https://Bitminetech.io/contact-us/ About Bitmine Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of “the alchemy of 5%,” the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company will launch MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in Q1 of 2026. For additional details, follow on X: https://x.com/bitmnr https://x.com/fundstrat https://x.com/bmnrintern Forward Looking Statements This press release contains statements that constitute “forward-looking statements.” The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company’s goals regarding ETH acquisition and staking, the long-term value of Ethereum, continued growth and advancement of the Company’s Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including Bitmine’s ability to keep pace with new technology and changing market needs; Bitmine’s ability to finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of Bitmine’s business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including those set forth in the Risk Factors section of Bitmine’s Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine’s filings with the SEC are available on the SEC’s website at www.sec.gov . Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. This post Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.474 Million Tokens, and Total Crypto and Total Cash Holdings of $9.9 Billion first appeared on BitcoinWorld .
BitcoinWorld Oil Price Forecast: BNY’s Critical Analysis of Conflict-Driven Volatility and Market Pathways Global energy markets face renewed turbulence in early 2025, as analysts from BNY Mellon Investment Management chart a concerning path for oil prices driven directly by escalating geopolitical conflicts. Their latest data-driven report, released this week, provides a stark visualization of how regional instability translates into immediate price spikes and long-term market uncertainty. This analysis arrives at a critical juncture for policymakers and investors worldwide, who must navigate a landscape where traditional supply and demand fundamentals are increasingly overshadowed by the specter of conflict. Oil Price Forecast: Decoding the Conflict-Driven Spike BNY’s research team has identified a clear and persistent pattern linking regional conflicts to immediate disruptions in oil pricing. Historically, markets react to supply fears long before any physical barrel is removed from circulation. The firm’s charts illustrate this phenomenon with precision, showing sharp, vertical price movements following specific geopolitical events. For instance, recent tensions in key transit corridors have repeatedly triggered a 5-8% intraday surge in benchmark crude prices. These spikes are not merely speculative; they reflect genuine market reassessments of global spare capacity and logistical security. Furthermore, the analysis highlights the asymmetric nature of these shocks. While production outages in some regions can be offset, conflicts affecting major maritime chokepoints or multiple producers simultaneously create systemic risk. The report emphasizes that the market’s ‘fear premium’ has become a more permanent feature, embedded in the forward price curve. This premium fluctuates based on real-time news flow and diplomatic developments, creating a volatile trading environment. Consequently, traders now monitor geopolitical news wires with the same intensity as inventory reports from the American Petroleum Institute. Geopolitical Oil Risk: The New Market Fundamental The traditional pillars of oil market analysis—inventories, rig counts, and OPEC+ compliance—now share the stage with geopolitical risk assessments. BNY’s framework treats geopolitical stability as a core fundamental, quantifiable through proprietary indices that track conflict probability, supply chain vulnerability, and regional political cohesion. This shift recognizes that in today’s fragmented world, a localized event can have global repercussions. The closure of a single strait or the targeting of infrastructure in a concentrated production zone can erase millions of barrels per day from market expectations in an instant. Moreover, the interplay between energy security and national policy adds layers of complexity. Countries are increasingly prioritizing strategic reserves and friend-shoring supply chains, actions that alter long-term demand patterns and inventory cycles. BNY’s data suggests these policies are introducing a new form of inelastic demand, as nations buy for security rather than purely for price. This behavior can exacerbate short-term price moves during crises, as seen in recent coordinated reserve releases and subsequent replenishment cycles. The market must now account for the ‘strategic buyer’ as a persistent and price-insensitive participant. The Data-Backed Pathway for Crude Prices Looking beyond immediate spikes, BNY’s charts project several potential pathways for oil prices through 2025 and into 2026. These scenarios are not simple extrapolations but are built on probabilistic models weighing multiple variables. The base case, assuming no major escalation in current conflicts, suggests a range-bound market with elevated volatility. Prices may oscillate within a $15-20 band, reacting sharply to headlines but lacking a sustained directional trend without a fundamental supply shock. This environment favors tactical trading over long-term directional bets. However, the analysis outlines two distinct alternative scenarios. An escalation scenario, involving a prolonged disruption in a key producing region, could see prices breach levels not sustained since 2022. Conversely, a rapid de-escalation and a surge in non-OPEC+ production could lead to a swift erosion of the risk premium, pressuring prices lower. The critical insight from BNY’s modeling is the increased ‘tail risk’—the probability of extreme outcomes is higher than in previous decades. This necessitates more robust risk management strategies for all market participants, from producers to end-users. Key factors influencing the price path include: Spare Capacity Levels: The dwindling buffer within OPEC+ limits the market’s ability to absorb shocks. Strategic Reserve Policies: The timing and scale of government stockpile movements act as a price ceiling or floor. Non-OPEC Supply Growth: Production responses from the United States, Guyana, and Brazil can mitigate some volatility. Demand Resilience: The sensitivity of global consumption, particularly in emerging Asia, to high prices. BNY Energy Analysis: Methodology and Market Implications BNY Mellon’s approach combines quantitative charting with qualitative geopolitical assessment. Their team of strategists and data scientists employs machine learning models to parse vast amounts of news data, satellite imagery of infrastructure, and shipping traffic patterns. This creates a multi-dimensional view of risk that goes beyond simple headline analysis. For example, they can quantify the correlation between militant activity in a specific region and insurance premiums for tankers, which directly impacts delivered crude costs. The implications for investors are profound. Asset allocation must now incorporate a higher energy risk premium across portfolios. Equities in sensitive sectors, fixed income in energy-dependent economies, and even currency pairs are all affected by oil’s trajectory. BNY advises clients to consider instruments that provide direct hedging against oil volatility, rather than relying on indirect exposures. They also note that the energy transition, while a long-term trend, does not insulate markets from short-term fossil fuel shocks; in fact, underinvestment in traditional supply may amplify price moves during transitional periods. BNY’s 2025 Oil Price Scenario Analysis (Brent Crude, USD/barrel) Scenario Q2 2025 Range Key Driver Probability Base Case (Contained Conflict) $80 – $95 Managed OPEC+ supply, stable demand 50% Escalation Scenario $105 – $130+ Major supply disruption lasting >30 days 25% De-escalation Scenario $70 – $85 Diplomatic breakthrough, surge in non-OPEC output 25% Conclusion The oil price forecast for 2025 remains inextricably linked to the geopolitical map. BNY Mellon’s critical analysis demonstrates that conflict is no longer an external shock but a central variable in energy market equations. Their charts provide a clear, if unsettling, visualization of this new reality. For market participants, the path forward requires vigilant monitoring of global tensions, sophisticated risk management, and an acceptance of higher volatility as the new norm. The data underscores that in today’s world, the price of oil is as much a measure of global stability as it is of supply and demand. FAQs Q1: What is a ‘conflict-driven’ oil price spike? A conflict-driven spike occurs when geopolitical tensions or military actions in key oil-producing regions create immediate market fears about supply disruption. This fear, often ahead of any actual barrel being lost, causes traders to bid prices higher rapidly, embedding a ‘risk premium’ into the cost. Q2: How does BNY’s analysis differ from other oil forecasts? BNY integrates advanced geopolitical risk modeling with traditional fundamental analysis. They use quantitative tools like satellite data and news sentiment algorithms to quantify conflict probability, treating geopolitics as a core, measurable market fundamental rather than an unpredictable external event. Q3: What are the main chokepoints that could affect oil prices? The Strait of Hormuz, the Bab el-Mandeb Strait, and the Suez Canal are critical maritime chokepoints. Disruption at any of these locations, through which millions of barrels flow daily, would have an immediate and severe impact on global oil prices and logistics. Q4: Can renewable energy growth prevent these oil price spikes? Not in the short to medium term. While the energy transition progresses, global economies remain heavily dependent on oil for transport and industry. Limited spare production capacity means the market will remain vulnerable to supply shocks for the foreseeable future, regardless of renewable adoption rates. Q5: How should an investor position their portfolio given this analysis? Investors should consider diversifying into assets that can hedge against oil volatility and inflation. This may include certain energy equities, commodities, or infrastructure. Most importantly, portfolios should be stress-tested against the ‘escalation scenario’ of significantly higher sustained oil prices to ensure resilience. This post Oil Price Forecast: BNY’s Critical Analysis of Conflict-Driven Volatility and Market Pathways first appeared on BitcoinWorld .
Bitmine has 3,040,483 staked ETH, representing $6.0 billion at $1,976 per ETH; MAVAN staking solution on track to launch Q1 2026 Bitmine now owns 3.71% of the ETH token supply, over 74% of the way to the 'Alchemy of 5%' in just 8 months Bitmine recently closed on initial $200 million investment into Beast Industries Bitmine Crypto + Total Cash Holdings + "Moonshots" total $9.9 billion, including 4.474 million ETH tokens, total cash of $868 million, and other crypto holdings Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock Bitmine is the 145th most traded stock in the US, trading $0.8 billion per day (5-day avg) Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH LAS VEGAS, March 2, 2026 /PRNewswire/ -- (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + "moonshots" holdings totaling $9.9 billion. As of March 1, 2026 at 2:00pm ET, the Company's crypto holdings are comprised of 4,473,587 ETH at $1,976 per ETH (NASDAQ: COIN), 195 Bitcoin (BTC), $200 million stake in Beast Industries, $14 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $868 million. Bitmine's ETH holdings are 3.71% of the ETH supply (of 120.7 million ETH). "Bitmine continues to methodically execute our Ethereum treasury strategy as we move our way through the later stages of this 'mini crypto winter.' Geopolitical uncertainty has risen in the past few days, as the US has commenced combat operations against Iran, and the impact on financial and digital asset markets will be felt in the coming weeks. We continue to steadily acquire ETH and optimize the yield on our ETH holdings," said Thomas "Tom" Lee, Chairman of Bitmine. "In the past week, we acquired 50,928 ETH," continued Lee. "Bitmine has been buying Ethereum, as we view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance." As of March 1, 2026, Bitmine total staked ETH stands at 3,040,483 ($6.0 billion at $1,976 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the ETH staking rewards is $253 million annually (using 2.86% 7-day BMNR yield)," stated Lee. "Annualized staking revenues are now $172 million. And this 3.0 million ETH is about 68% of the 4.5 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil ) is 2.83%, while Bitmine's own staking operations generated a 7-day yield of 2.86% (annualized). We continue to make progress on our staking solution known as The Made in America VAlidator Network (MAVAN). This will be the 'best-in-class' solution offering secure staking infrastructure and will be deployed in early calendar 2026. Bitmine is currently working with 3 staking providers as the Company moves towards unveiling MAVAN in 2026," continued Lee. Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 717,722 BTC valued at $47 billion. Bitmine remains the largest ETH treasury in the world. Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $0.8 billion (5-day average, as of February 27, 2026), ranking #145 in the US, behind Datadog (rank #144) and ahead of Expedia Group (rank #146) among 5,704 US-listed stocks ( statista.com and Fundstrat research). The GENIUS Act and Securities and Exchange Commission's ("the SEC") Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold. The Chairman's message can be found here: https://www.Bitminetech.io/chairmans-message The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/ To stay informed, please sign up at: https://Bitminetech.io/contact-us/ About Bitmine Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company will launch MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in Q1 of 2026. For additional details, follow on X: https://x.com/bitmnr https://x.com/fundstrat https://x.com/bmnrintern Forward Looking Statements This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company's goals regarding ETH acquisition and staking, the long-term value of Ethereum, continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of Bitmine's business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov . Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Bitmine has 3,040,483 staked ETH, representing $6.0 billion at $1,976 per ETH; MAVAN staking solution on track to launch Q1 2026 Bitmine now owns 3.71% of the ETH token supply, over 74% of the way to the 'Alchemy of 5%' in just 8 months Bitmine recently closed on initial $200 million investment into Beast Industries Bitmine Crypto + Total Cash Holdings + "Moonshots" total $9.9 billion, including 4.474 million ETH tokens, total cash of $868 million, and other crypto holdings Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock Bitmine is the 145th most traded stock in the US, trading $0.8 billion per day (5-day avg) Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH LAS VEGAS, March 2, 2026 /PRNewswire/ -- (NYSE AMERICAN: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + "moonshots" holdings totaling $9.9 billion. As of March 1, 2026 at 2:00pm ET, the Company's crypto holdings are comprised of 4,473,587 ETH at $1,976 per ETH (NASDAQ: COIN), 195 Bitcoin (BTC), $200 million stake in Beast Industries, $14 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $868 million. Bitmine's ETH holdings are 3.71% of the ETH supply (of 120.7 million ETH). "Bitmine continues to methodically execute our Ethereum treasury strategy as we move our way through the later stages of this 'mini crypto winter.' Geopolitical uncertainty has risen in the past few days, as the US has commenced combat operations against Iran, and the impact on financial and digital asset markets will be felt in the coming weeks. We continue to steadily acquire ETH and optimize the yield on our ETH holdings," said Thomas "Tom" Lee, Chairman of Bitmine. "In the past week, we acquired 50,928 ETH," continued Lee. "Bitmine has been buying Ethereum, as we view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance." As of March 1, 2026, Bitmine total staked ETH stands at 3,040,483 ($6.0 billion at $1,976 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the ETH staking rewards is $253 million annually (using 2.86% 7-day BMNR yield)," stated Lee. "Annualized staking revenues are now $172 million. And this 3.0 million ETH is about 68% of the 4.5 million ETH held by Bitmine. The CESR (Composite Ethereum Staking Rate, administered by Quatrefoil ) is 2.83%, while Bitmine's own staking operations generated a 7-day yield of 2.86% (annualized). We continue to make progress on our staking solution known as The Made in America VAlidator Network (MAVAN). This will be the 'best-in-class' solution offering secure staking infrastructure and will be deployed in early calendar 2026. Bitmine is currently working with 3 staking providers as the Company moves towards unveiling MAVAN in 2026," continued Lee. Bitmine crypto holding reigns as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which owns 717,722 BTC valued at $47 billion. Bitmine remains the largest ETH treasury in the world. Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $0.8 billion (5-day average, as of February 27, 2026), ranking #145 in the US, behind Datadog (rank #144) and ahead of Expedia Group (rank #146) among 5,704 US-listed stocks ( statista.com and Fundstrat research). The GENIUS Act and Securities and Exchange Commission's ("the SEC") Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold. The Chairman's message can be found here: https://www.Bitminetech.io/chairmans-message The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/ To stay informed, please sign up at: https://Bitminetech.io/contact-us/ About Bitmine Bitmine (NYSE AMERICAN: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company will launch MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in Q1 of 2026. For additional details, follow on X: https://x.com/bitmnr https://x.com/fundstrat https://x.com/bmnrintern Forward Looking Statements This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company's goals regarding ETH acquisition and staking, the long-term value of Ethereum, continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of Bitmine's business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov . Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
A Black Mirror‑style “Energym” spoof imagining 80% of jobs lost to AI is circulating as tech companies begin slashing thousands of roles, and white-collar job openings hit decade lows.
The final week of February 2026 has proven to be a period of significant turbulence
Strategy Inc. expanded its bitcoin treasury with a fresh $204 million purchase, lifting total holdings to 720,737 BTC and reinforcing its position as the largest corporate bitcoin holder as accumulation continues despite market volatility. Strategy Buys 3,015 BTC for $204M, Lifting Holdings to 720,737 Bitcoin Strategy Inc. (Nasdaq: MSTR) announced another major bitcoin purchase on