"BitMine Immersion Technologies ( NYSEAMEX:BMNR ) has carved out a niche in the crypto treasury space by emulating Strategy ( NASDAQ:MSTR ), the pioneer in holding digital assets as corporate reserves. While Strategy loaded up on Bitcoin ( ), BitMine focused on Ethereum ( ), building a portfolio that now exceeds 3% of the total ETH supply - about 3.73 million tokens - with ambitions to hit 5%."
"Strategy's woes stem directly from its outsized bet on Bitcoin, which has turned the company into a high-stakes proxy for the cryptocurrency's fortunes. Over the past month, Bitcoin plunged from an all-time high above $126,000 in late October to a low briefly below $80,000, wiping out all of 2025's gains and sparking a brutal selloff in Strategy's stock."
BitMine Immersion Technologies raised equity to accumulate Ethereum as a corporate reserve, assembling roughly 3.73 million ETH (over 3% of supply) and targeting 5%. The company parallels Strategy's stock-sale-to-crypto playbook but concentrates on ETH rather than Bitcoin and has built total crypto and cash holdings above $12 billion. Strategy's heavy leverage and close correlation with Bitcoin have produced severe valuation swings and forced-market risks. BitMine avoids aggressive borrowing and is structurally less debt-dependent, but substantial exposure to cryptocurrency price volatility and regulatory scrutiny of digital-asset treasury firms continue to present material risks to investors.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]