BitMine Nearing Inflection Point as Ethereum Buying Nears Key Target

Benzinga_recent_news06:56

BMNR was trading at $15.80 on Friday, down substantially from last year’s high of $160. It remains slightly above the year-to-date low of $12.86. BitMine has accumulated over 5.77 million ETH coins, ...

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It remains slightly above the year-to-date low of $12.86. \nBitMine has accumulated over 5.77 million ETH coins, ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/26/07/60686464/bitmine-nearing-inflection-point-as-ethereum-buying-nears-key-target\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETHT","symbol_name":"ProShares Ultra Ether ETF","start_time":0,"source_url":"https://www.benzinga.com/markets/equities/26/07/60686464/bitmine-nearing-inflection-point-as-ethereum-buying-nears-key-target","article_id":"2654608100","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=3840,format=auto,quality=85/files/images/story/2026/07/26/Eth-Coin-With-Blurred-Candlestick-Chart-.jpg"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/equities/26/07/60686464/bitmine-nearing-inflection-point-as-ethereum-buying-nears-key-target","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2654608100","pubTimestamp":1785106560,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"BitMine stock is nearing an inflection point as Ethereum buying nears its important target of 6 million ETH tokens.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETHT":"ProShares Ultra Ether ETF","EETH":"以太币期货ETF-ProShares","ETU":"T-Rex 2X Long Ether Daily Target ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","MSTP":"2倍做多MSTR ETF-GraniteShares","SBET":"SharpLink Gaming","MSII":"REX MSTR Growth & Income ETF","ETHU":"2倍以太币期货ETF-Volatility Shares","BETH":"比特币&以太币期货ETF-ProShares","ETHV":"以太坊ETF-VanEck","STCE":"Schwab Crypto Thematic ETF","MSTU":"2倍做多MSTR ETF-T-Rex","QETH":"以太坊ETF-Invesco Galaxy","ETHW":"以太坊ETF-Bitwise","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","09009":"博时以太币-U","ETH":"低成本以太坊ETF-Grayscale","MSTR":"Strategy","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","ETHA":"以太坊ETF-iShares","BITQ":"Bitwise Crypto Industry Innovators ETF","BTF":"比特币&以太币期货ETF-CoinShares","09799":"南方两倍做多MSTR-U","MSST":"YieldMax MSTR Performance & Distribution Target 25 ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF","MSTZ":"2倍做空MSTR ETF-T-Rex","3SMI.UK":"GRANITESHARES 3X SHORT MSTR DAILY ETP","ETHD":"ProShares UltraShort Ether ETF","09179":"嘉实以太币-U","FETH":"以太币ETF-Fidelity","SETH":"1倍做空以太币期货ETF-Proshares","09399":"南方两倍做空MSTR-U","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","YETH":"Roundhill Ether Covered Call Strategy ETF","BKCH":"AdvisorShares Sabretooth ETF","EZET":"以太坊ETF-Franklin","ARKY":"ARK 21SHARES ACTIVE BITCOIN ETHEREUM STRATEGY ETF","ETHE":"最大以太坊ETF-Grayscale","CETH":"以太坊ETF-21Shares","AETH":"以太坊策略ETF-Bitwise","BITW":"Bitwise 10 Crypto Index ETF","IMST":"MSTR期权收益策略ETF-Bitwise","ETHI":"Defiance Leveraged Long Income Ethereum ETF","3LMI.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP","09046":"华夏以太币-U","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","ETTY":"Amplify Ethereum 3% Monthly Option Income Etf","LMI3.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP"},"translate_title":"随着以太币购买接近关键目标，BitMine 接近拐点","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/10881e67e61ccf3407e50d24bca283ca","symbols_score_info":{"09046":1.5,"SBET":1,"09009":1.5,"ETU":1.5,"ETHA":1.5,"BTF":1.5,"BITQ":1.5,"3LMI.UK":0.6,"BETH":1.5,"AETH":1.5,"FETH":1.5,"MSTZ":0.6,"BETE":1.5,"ETHT":1.5,"BKCH":1.5,"LFGY":1.5,"SETH":0.6,"ETHD":1.5,"09799":0.6,"CETH":1.5,"ETQ":0.6,"IMST":0.6,"MSTR":1,"3SMI.UK":0.6,"ETHW":1.5,"BEGS":1.5,"STCE":1.5,"MSII":0.6,"09399":0.6,"EZET":1.5,"ETHU":1.5,"ARKY":1.5,"CRPT":1.5,"ETHE":1.5,"MSST":0.6,"MSTP":0.6,"YETH":1.5,"EETH":1.5,"GDLC":1.5,"MSTU":0.6,"ETHV":1.5,"QETH":1.5,"ETHI":0.6,"LMI3.UK":0.6,"ETH":1.5,"BITW":1.5,"ETTY":1.5,"09179":1.5},"content_text":"BMNR was trading at $15.80 on Friday, down substantially from last year’s high of $160. It remains slightly above the year-to-date low of $12.86. \nBitMine has accumulated over 5.77 million ETH coins, which are now valued at over $11 billion. This means that the company needs to buy 222,532 Ethereum coins, currently worth over $422 million. If the trend continues, it will hit its 6 million target in the coming months.\nCompleting the purchases will benefit BitMine’s shareholders in two main ways. First, it will likely conclude the dilution that has pushed its outstanding shares to 603 million from less than 239 million last year. \nSecond, the company will now transition from being a highly dilutive firm into a cash generator. It will achieve that through staking its Ethereum holdings, which will generate about 3% annual return. The estimated annual return will be about 180,000 coins, which are now valued at over $342 million.\nEstimates by two analysts are that BitMine’s annual revenue will jump to $125 million this year. They also expect that the revenue will jump to $429 million next year.\nFor example, SharpLink (NASDAQ:SBET), a similar company, has already generated 23,918 ETH tokens in revenue since it started staking its tokens. \nMeanwhile, there are signs that the company is highly undervalued. It has a market capitalization of $9.52 billion, much lower than its Ethereum holdings of $11 billion. \nMost notably, unlike Strategy (NASDAQ:MSTR), BitMine has no debt. Its only liability is from its preferred stock, which is expected to cost it almost $40 million a year. \nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2654608100","isCrawlerRequest":true}