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$BMNR TURNS 3.14M ETH INTO A YIELD MACHINE Bitmine launched MAVAN for institutions, custodians, exchanges, and strategic partners, with more than 3.14 million ETH already staked, worth roughly $6.8 billion. The move shifts BMNR from passive ETH exposure to recurring yield, but the rerate still depends on validator stability, external client adoption, and ETH price durability. Not financial advice. Manage your risk. #BMNR #Ethereum #Staking #Crypto #ETH ⚡
$BMNR TURNS 3.14M ETH INTO A YIELD MACHINE

Bitmine launched MAVAN for institutions, custodians, exchanges, and strategic partners, with more than 3.14 million ETH already staked, worth roughly $6.8 billion. The move shifts BMNR from passive ETH exposure to recurring yield, but the rerate still depends on validator stability, external client adoption, and ETH price durability.

Not financial advice. Manage your risk.

#BMNR #Ethereum #Staking #Crypto #ETH

$BMNR JUST FLIPPED THE SWITCH ON YIELD ⚙️ Bitmine’s MAVAN launch turns its 3.14M ETH stack into a potential recurring-yield engine, aimed at institutions, custodians, exchanges, and strategic partners. If the remaining ETH migration scales cleanly and the validator network holds up, BMNR could evolve from pure ETH beta into a cash-flow story the market can actually price. Not financial advice. Manage your risk. #BMNR #Ethereum #Crypto #StockMarket ⚡
$BMNR JUST FLIPPED THE SWITCH ON YIELD ⚙️

Bitmine’s MAVAN launch turns its 3.14M ETH stack into a potential recurring-yield engine, aimed at institutions, custodians, exchanges, and strategic partners. If the remaining ETH migration scales cleanly and the validator network holds up, BMNR could evolve from pure ETH beta into a cash-flow story the market can actually price.

Not financial advice. Manage your risk.

#BMNR #Ethereum #Crypto #StockMarket
$BMNR JUST LOADED $11B INTO ETH 🔥 Bitmine now controls 4.66 million $ETH and $11 billion in total crypto and cash assets. Track the balance-sheet shockwave, watch for supply squeeze pressure, and stay alert for institutional rotation into $BMNR and the broader ETH complex. Not financial advice. Manage your risk. #BMNR #ETH #Ethereum #Crypto #Whales ⚡ {future}(ETHUSDT)
$BMNR JUST LOADED $11B INTO ETH 🔥

Bitmine now controls 4.66 million $ETH and $11 billion in total crypto and cash assets. Track the balance-sheet shockwave, watch for supply squeeze pressure, and stay alert for institutional rotation into $BMNR and the broader ETH complex.

Not financial advice. Manage your risk.

#BMNR #ETH #Ethereum #Crypto #Whales

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Bullish
Bitmine Immersion Technologies ( #BMNR ) Announces $ETH Holdings Reach 4.661 Million Tokens, and Total Crypto and Total Cash Holdings of $11.0 Billion. As of March 23, 2026, Bitmine total staked ETH stands at 3,142,643 ($6.5 billion at $2,072 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 reward is $272 million annually (using 2.83% 7-day BMNR yield)," stated Lee. #CZCallsBitcoinAHardAsset
Bitmine Immersion Technologies ( #BMNR ) Announces $ETH Holdings Reach 4.661 Million Tokens, and Total Crypto and Total Cash Holdings of $11.0 Billion.

As of March 23, 2026, Bitmine total staked ETH stands at 3,142,643 ($6.5 billion at $2,072 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 reward is $272 million annually (using 2.83% 7-day BMNR yield)," stated Lee.

#CZCallsBitcoinAHardAsset
Officially exceeded 3 million! ETH Micro Strategy BMNR, during last week's market pullback, continued to buy heavily $ETH , accumulating 202,000 pieces just last week, compared to the previous week's 179,200 pieces, a month-on-month growth of 12.71%. Currently, BMNR has officially accumulated 2.5% of the total ETH circulation in the network, with only half the distance remaining to the goal of 5% accumulation. Interestingly, last week's increase, according to previous on-chain disclosures, mostly occurred during the market crash moments on weekends. Tom Lee's company took practical action to bottom out. #BMNR
Officially exceeded 3 million! ETH Micro Strategy BMNR, during last week's market pullback, continued to buy heavily $ETH , accumulating 202,000 pieces just last week, compared to the previous week's 179,200 pieces, a month-on-month growth of 12.71%.
Currently, BMNR has officially accumulated 2.5% of the total ETH circulation in the network, with only half the distance remaining to the goal of 5% accumulation.
Interestingly, last week's increase, according to previous on-chain disclosures, mostly occurred during the market crash moments on weekends.
Tom Lee's company took practical action to bottom out. #BMNR
🚨 Breaking Crypto News Update! 🚨Short-seller Kerrisdale Capital has officially announced a short position in BitMine Immersion (BMNR) — the ETH-focused company led by Tom Lee. According to Kerrisdale, BitMine’s business model of “issuing shares to buy ETH” copies an outdated strategy similar to MicroStrategy’s old playbook. They claim this “reflexive loop” is no longer sustainable in today’s market. The report also questioned the transparency and leadership strength of Tom Lee, saying he lacks the influence to keep investors confident. This move has shaken confidence in BMNR, and traders are watching closely to see how the market reacts next. 👀 📉 Summary: Company: BitMine Immersion (BMNR) Targeted by: Kerrisdale Capital Accusation: Outdated, unsustainable business model Leader under fire: Tom Lee Market sentiment: Bearish pressure increasing #BitMine #TomLee #BMNR #KerrisdaleCapita #CryptoNews

🚨 Breaking Crypto News Update! 🚨

Short-seller Kerrisdale Capital has officially announced a short position in BitMine Immersion (BMNR) — the ETH-focused company led by Tom Lee.
According to Kerrisdale, BitMine’s business model of “issuing shares to buy ETH” copies an outdated strategy similar to MicroStrategy’s old playbook. They claim this “reflexive loop” is no longer sustainable in today’s market.
The report also questioned the transparency and leadership strength of Tom Lee, saying he lacks the influence to keep investors confident.
This move has shaken confidence in BMNR, and traders are watching closely to see how the market reacts next. 👀
📉 Summary:
Company: BitMine Immersion (BMNR)
Targeted by: Kerrisdale Capital
Accusation: Outdated, unsustainable business model
Leader under fire: Tom Lee
Market sentiment: Bearish pressure increasing
#BitMine #TomLee #BMNR #KerrisdaleCapita #CryptoNews
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Bullish
2025.7.29 On-chain Vision Ethereum Edition: #Sharplink Down 70%, BMNR Plummets Again, Is It an Opportunity or a Pitfall? Recently, the price pullback of #以太坊 has affected two important treasury projects in its ecosystem: Sharplink and #BMNR The current price has dropped back to around 20 USD, #BMNR 11%, and further declined by 15% in after-hours trading. The reason for the decline of BMNR is similar to the previous situation with Sharplink: both submitted prospectuses and plan to conduct PIPE (private investment in public equity) operations. Historical experience tells us that each time PIPE is done, stock prices almost always face significant pressure. For example, after Sharplink disclosed its PIPE, the stock price plummeted by 60-70%, almost heading towards zero. However, this time the decline of BMNR is relatively “mild”, currently down only 15%, making the situation appear manageable. Whenever $PIPE is involved, it can easily trigger fluctuations in market sentiment, so it is advisable to observe BMNR's trend after the US stock market opens tomorrow for a more prudent approach. From the valuation indicators, Sharplink's NAV (Market Value Relative to Net Assets) has also dropped to a lower position. BMNR's MNAV has fallen to about 1.8%, and with the after-hours decline, it may drop to 1.6%; Sharplink's MNAV is also around 1.7%. #MNAV below 2 usually indicates that these assets' stock prices may have some rebound potential. Of course, this is just a reference indicator and cannot be the sole basis for decision-making; it still needs to be evaluated in conjunction with market sentiment, technical aspects, and fundamentals. Returning to the overall market, yesterday's Ethereum surge and subsequent pullback indeed impacted the entire market's confidence. Especially in the morning, when ETH drove a wave of increases, almost all altcoins surged significantly. The #DeFi sector exploded overall, with UNI briefly breaking 11 USD, and #ENA also surging past 0.7 USD, reaching a new high for the year. But the good times didn't last long; with #ETH's pullback, these strong coins also experienced significant declines from their highs. This once again confirms an old logic in the crypto space: “Everything originates from Ethereum.” As long as #ETH performs weakly, the entire ecosystem will be affected. Currently, market volatility is expected to continue, especially considering the dual impact of #Sharplink policy, caution is still needed in the short term.
2025.7.29 On-chain Vision
Ethereum Edition: #Sharplink Down 70%, BMNR Plummets Again, Is It an Opportunity or a Pitfall?
Recently, the price pullback of #以太坊 has affected two important treasury projects in its ecosystem: Sharplink and #BMNR

The current price has dropped back to around 20 USD, #BMNR 11%, and further declined by 15% in after-hours trading.

The reason for the decline of BMNR is similar to the previous situation with Sharplink: both submitted prospectuses and plan to conduct PIPE (private investment in public equity) operations. Historical experience tells us that each time PIPE is done, stock prices almost always face significant pressure.

For example, after Sharplink disclosed its PIPE, the stock price plummeted by 60-70%, almost heading towards zero. However, this time the decline of BMNR is relatively “mild”, currently down only 15%, making the situation appear manageable.

Whenever $PIPE is involved, it can easily trigger fluctuations in market sentiment, so it is advisable to observe BMNR's trend after the US stock market opens tomorrow for a more prudent approach.

From the valuation indicators, Sharplink's NAV (Market Value Relative to Net Assets) has also dropped to a lower position. BMNR's MNAV has fallen to about 1.8%, and with the after-hours decline, it may drop to 1.6%; Sharplink's MNAV is also around 1.7%.

#MNAV below 2 usually indicates that these assets' stock prices may have some rebound potential. Of course, this is just a reference indicator and cannot be the sole basis for decision-making; it still needs to be evaluated in conjunction with market sentiment, technical aspects, and fundamentals.

Returning to the overall market, yesterday's Ethereum surge and subsequent pullback indeed impacted the entire market's confidence. Especially in the morning, when ETH drove a wave of increases, almost all altcoins surged significantly. The #DeFi sector exploded overall, with UNI briefly breaking 11 USD, and #ENA also surging past 0.7 USD, reaching a new high for the year.

But the good times didn't last long; with #ETH's pullback, these strong coins also experienced significant declines from their highs. This once again confirms an old logic in the crypto space: “Everything originates from Ethereum.” As long as #ETH performs weakly, the entire ecosystem will be affected.

Currently, market volatility is expected to continue, especially considering the dual impact of #Sharplink policy, caution is still needed in the short term.
Cathie Wood's Ark Invest is doubling down on its crypto related investments. 🚀 The firm, a major player in disruptive innovation, just added another 388,045 shares of BitMine (#BMNR ) to its portfolio. This latest acquisition brings Ark Invest's total holdings in the company to a massive $267 million, spread across its flagship ARKK, ARKF, and ARKW ETFs. This strategic move highlights Cathie Wood's continued conviction in companies at the forefront of the digital asset revolution. BitMine, which is focused on building an Ethereum treasury, has seen its stock price soar this year, making it a key holding for Ark. This accumulation of shares is a strong signal that institutional interest in #blockchain and ether firms is growing. $BTC $XRP $ETH
Cathie Wood's Ark Invest is doubling down on its crypto related investments. 🚀 The firm, a major player in disruptive innovation, just added another 388,045 shares of BitMine (#BMNR ) to its portfolio.

This latest acquisition brings Ark Invest's total holdings in the company to a massive $267 million, spread across its flagship ARKK, ARKF, and ARKW ETFs. This strategic move highlights Cathie Wood's continued conviction in companies at the forefront of the digital asset revolution.

BitMine, which is focused on building an Ethereum treasury, has seen its stock price soar this year, making it a key holding for Ark. This accumulation of shares is a strong signal that institutional interest in #blockchain and ether firms is growing. $BTC $XRP $ETH
New Flywheel. Ethereum institution NO.1, BitMine, has released the latest prospectus supplement and plans to raise 24.5 billion USD. As soon as the news broke, $ETH reached a new high of $4400. #BitMine #ETH #BMNR
New Flywheel.

Ethereum institution NO.1, BitMine, has released the latest prospectus supplement and plans to raise 24.5 billion USD. As soon as the news broke, $ETH reached a new high of $4400.

#BitMine #ETH #BMNR
🚀 #Ethereum treasury shake up big players are stacking eth heavy 📊 in the last 30 days institutions have reshaped their eth strategy 👀 🥇 bitmine immersion tech bmnr now holding 1.87m eth worth 8b up 124 🥈 sharplink gaming sbet holding 837k eth worth 3.59b up 60 🥉 the ether machine ethm holding 495k eth worth 2.12b up 43 ethereum foundation holding 229.6k eth worth 984m down 1.3 ethzilla ethz holding 102.2k eth worth 438m up 24 fg nexus fgnx holding 48.4k eth worth 207m massive 656 surge 🚀🔥 institutions are clearly positioning for the next eth move do you think this signals a bullish trend ahead 🤔💎 #eth #bmnr #sbet #fgnx
🚀 #Ethereum treasury shake up big players are stacking eth heavy 📊

in the last 30 days institutions have reshaped their eth strategy 👀

🥇 bitmine immersion tech bmnr now holding 1.87m eth worth 8b up 124
🥈 sharplink gaming sbet holding 837k eth worth 3.59b up 60
🥉 the ether machine ethm holding 495k eth worth 2.12b up 43
ethereum foundation holding 229.6k eth worth 984m down 1.3
ethzilla ethz holding 102.2k eth worth 438m up 24
fg nexus fgnx holding 48.4k eth worth 207m massive 656 surge 🚀🔥

institutions are clearly positioning for the next eth move do you think this signals a bullish trend ahead 🤔💎

#eth #bmnr #sbet #fgnx
Crypto tycoon Du Jun speaks out: Shorting premium treasury companies like BMNR is feasible, but shorting ETH is a 'foolish move' On October 9, Vernal founder Du Jun expressed a clear opinion on social media: investors may consider shorting premium treasury companies like BMNR, but choosing to short ETH is an unwise decision. This statement quickly sparked heated discussions in the crypto community, with many investors beginning to reassess the market value and short-term trends of ETH, while also keeping an eye on the investment risks associated with premium treasury companies like BMNR. $ETH #BMNR
Crypto tycoon Du Jun speaks out: Shorting premium treasury companies like BMNR is feasible, but shorting ETH is a 'foolish move'

On October 9, Vernal founder Du Jun expressed a clear opinion on social media: investors may consider shorting premium treasury companies like BMNR, but choosing to short ETH is an unwise decision.

This statement quickly sparked heated discussions in the crypto community, with many investors beginning to reassess the market value and short-term trends of ETH, while also keeping an eye on the investment risks associated with premium treasury companies like BMNR. $ETH #BMNR
mNAV broke below 1: What is happening with these 'coin stocks'? mNAV breaking below 1 indicates that the market is no longer willing to pay a premium for the narrative of these 'coin stocks', and has even started to discount them. In other words: a lot of funds would rather buy BTC / ETH or ETFs directly, and do not want to pay extra to buy 'shell version' coin stocks, and even believe that these companies themselves may 'drag behind'. #MSTR #BMNR #币股
mNAV broke below 1: What is happening with these 'coin stocks'?

mNAV breaking below 1 indicates that the market is no longer willing to pay a premium for the narrative of these 'coin stocks', and has even started to discount them.
In other words: a lot of funds would rather buy BTC / ETH or ETFs directly, and do not want to pay extra to buy 'shell version' coin stocks, and even believe that these companies themselves may 'drag behind'. #MSTR #BMNR #币股
Wall Street's $102.5M SHOCKER! Institutional Floodgates OPEN! JPMorgan, the biggest U.S. bank, just made its move. They acquired a colossal 1,974,144 shares of BitMine (BMNR). That's a staggering $102.5 MILLION position! BMNR is aggressively accumulating $ETH. The smart money is positioning for the next major surge. This isn't just news; it's a flashing signal. Don't get left behind while titans seize the future. The time to act is now. Momentum is building. Seize this moment. NFA. DYOR. #CryptoFOMO #Ethereum #InstitutionalMoney #BMNR #MarketShift 🚀 {future}(ETHUSDT)
Wall Street's $102.5M SHOCKER! Institutional Floodgates OPEN!

JPMorgan, the biggest U.S. bank, just made its move. They acquired a colossal 1,974,144 shares of BitMine (BMNR). That's a staggering $102.5 MILLION position! BMNR is aggressively accumulating $ETH. The smart money is positioning for the next major surge. This isn't just news; it's a flashing signal. Don't get left behind while titans seize the future. The time to act is now. Momentum is building. Seize this moment.

NFA. DYOR.

#CryptoFOMO #Ethereum #InstitutionalMoney #BMNR #MarketShift
🚀
Big companies are going all-in on crypto like it's the new gold! BitMine ($BMNR), run by famous analyst Tom Lee, is like the "Ethereum king." They just keep buying tons of Ethereum (ETH). Right now, they own over 3.86 million ETH – that's about 3.2% of all Ethereum out there! They added a huge chunk recently (worth hundreds of millions), and people are waiting to see if they announce even more buys today. Strategy ($MSTR), led by Michael Saylor (the ultimate Bitcoin fan), does the same but with Bitcoin (BTC). They recently bought another 10,624 BTC for almost $1 billion, pushing their total to over 660,000 BTC (worth billions!). Why does this matter? When these big companies announce more purchases, it shows they really believe crypto prices will go way up long-term. It gets everyone excited (called "FOMO"), and often pushes prices higher in the short term too! It's like whales jumping into the pool – creates big waves for Bitcoin and Ethereum. Fun times in crypto! What do you think will happen next? #BTCVSGOLD #ETH #BTC #MSTR #BMNR
Big companies are going all-in on crypto like it's the new gold! BitMine ($BMNR), run by famous analyst Tom Lee, is like the "Ethereum king." They just keep buying tons of Ethereum (ETH). Right now, they own over 3.86 million ETH – that's about 3.2% of all Ethereum out there! They added a huge chunk recently (worth hundreds of millions), and people are waiting to see if they announce even more buys today.
Strategy ($MSTR), led by Michael Saylor (the ultimate Bitcoin fan), does the same but with Bitcoin (BTC). They recently bought another 10,624 BTC for almost $1 billion, pushing their total to over 660,000 BTC (worth billions!).

Why does this matter?
When these big companies announce more purchases, it shows they really believe crypto prices will go way up long-term. It gets everyone excited (called "FOMO"), and often pushes prices higher in the short term too! It's like whales jumping into the pool – creates big waves for Bitcoin and Ethereum. Fun times in crypto!
What do you think will happen next?
#BTCVSGOLD
#ETH
#BTC
#MSTR
#BMNR
BMNR STAKING $ETH LIKE SAYLOR BUT BETTER $BTC Entry: 3000 🟩 Target 1: 3500 🎯 Target 2: 4000 🎯 Stop Loss: 2800 🛑 BMNR is going parabolic. They're stacking $ETH aggressively, mimicking $BTC's MicroStrategy but generating yield. They just added 118,944 ETH ($352M). Their ETH stake is now $1.37B. They aim for 5% of total ETH supply. This isn't just holding; it's building real enterprise ETH reserves. They hold 4.11M ETH, 3.41% of the network. A new wallet just received 33,000 ETH ($97.8M) from FalconX. This confirms the buying frenzy is far from over. ETH is the liquidity king for corporate reserves. BMNR is becoming the MicroStrategy of ETH. With ETH under $3000 and a corporate giant gobbling supply, this is your last chance for 2026 gains. Disclaimer: Research purposes only, not investment advice. #ETH #BMNR #CryptoGains #FOMO 🚀 {future}(ETHUSDT) {future}(BTCUSDT)
BMNR STAKING $ETH LIKE SAYLOR BUT BETTER $BTC

Entry: 3000 🟩
Target 1: 3500 🎯
Target 2: 4000 🎯
Stop Loss: 2800 🛑

BMNR is going parabolic. They're stacking $ETH aggressively, mimicking $BTC 's MicroStrategy but generating yield. They just added 118,944 ETH ($352M). Their ETH stake is now $1.37B. They aim for 5% of total ETH supply. This isn't just holding; it's building real enterprise ETH reserves. They hold 4.11M ETH, 3.41% of the network. A new wallet just received 33,000 ETH ($97.8M) from FalconX. This confirms the buying frenzy is far from over. ETH is the liquidity king for corporate reserves. BMNR is becoming the MicroStrategy of ETH. With ETH under $3000 and a corporate giant gobbling supply, this is your last chance for 2026 gains.

Disclaimer: Research purposes only, not investment advice.

#ETH #BMNR #CryptoGains #FOMO 🚀
🚨 BREAKING 🚨 TOM LEE’S #BITMINE ADDS 33,504 $ETH WORTH $112 MILLION IN JUST 6 HOURS! 🚀 BMNR SURGES ABOVE $40 IN EARLY TRADING! 📈 #ETH #BMNR #CryptoNews
🚨 BREAKING 🚨
TOM LEE’S #BITMINE ADDS 33,504 $ETH WORTH $112 MILLION IN JUST 6 HOURS!

🚀 BMNR SURGES ABOVE $40 IN EARLY TRADING! 📈

#ETH #BMNR #CryptoNews
🚨 BITMINE DROPS $200M BOMB ON MRBEAST'S EMPIRE! 🚀 ⚠️ WHY THIS MATTERS: MASSIVE DEFI INTEGRATION IMMINENT! • $BMNR backs Jimmy Donaldson's new "MrBeast Financial" platform. • DeFi is officially hitting the mainstream via 450M+ subs. • $BMNR holds 4.17M $ETH—they are the infrastructure backbone. • Beast Industries valued at $5 BILLION. This is institutional adoption on steroids. The crypto world is about to get a massive visibility injection. Get ready for the noise! 🔥 #DeFi #CryptoAdoption #BMNR #MrBeast #Web3 {future}(ETHUSDT)
🚨 BITMINE DROPS $200M BOMB ON MRBEAST'S EMPIRE! 🚀

⚠️ WHY THIS MATTERS: MASSIVE DEFI INTEGRATION IMMINENT!

• $BMNR backs Jimmy Donaldson's new "MrBeast Financial" platform.
• DeFi is officially hitting the mainstream via 450M+ subs.
• $BMNR holds 4.17M $ETH—they are the infrastructure backbone.
• Beast Industries valued at $5 BILLION. This is institutional adoption on steroids.

The crypto world is about to get a massive visibility injection. Get ready for the noise! 🔥

#DeFi #CryptoAdoption #BMNR #MrBeast #Web3
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The liquidation storm sweeps through the US stock market: high-leverage 'Ethereum vouchers' face dual blows from liquidity and earnings reports. DAT concept hard-hit area: On February 2, 2026, before the market opens, the 'crypto treasury' company centered on the Digital Asset Technology (DAT) model encountered extreme selling. Sharplink (SBET) leads the decline (-10.70%): Following last week's announcement of a $1 billion increase for purchasing ETH that led to equity dilution, it faced another sharp drop today. Its Q4 2025 earnings report shows a non-cash impairment provision of $87.8 million in ETH, causing serious doubts among investors about its leverage holding strategy. Bitmine (BMNR) plummets (-10%): Similar to MSTR for BTC, Bitmine is the largest ETH treasury company in the world. Due to the ongoing weakness of the Ethereum exchange rate, coupled with the expectation of 'unlimited dilution' from its proposed increase of authorized shares to 50 billion, panic funds fled. Mainstream targets under pressure: MSTR (-7.25%): As Bitcoin falls below $86,000, MSTR, as a 1.5 times leveraged BTC alternative, is the first to come under pressure. ETHZ (-7.23%): Ethzilla, focusing on the Ethereum ecosystem, faced a dense triggering of algorithmic stop-loss orders after ETH broke the psychological barrier of $3,000. Plunge logic: ETH confidence crisis: Recent continuous liquidation by Ethereum Foundation members and large holders has led to the ETH to BTC exchange rate dropping to a new low since 2021, severely impacting the consensus of 'ETH rebound'. Cloud of the new Federal Reserve Chairman: The market is concerned about the 'hard monetarism' that Kevin Warsh may adopt, leading to high-valued crypto concept stocks being the first to be removed from institutional holdings. Earnings season kills valuations: Large unrealized losses disclosed during audits by mining companies and treasury companies forced ETF funds to passively adjust their positions. #MSTR #BMNR #SBET #以太坊暴跌 #美股盘前
The liquidation storm sweeps through the US stock market: high-leverage 'Ethereum vouchers' face dual blows from liquidity and earnings reports.
DAT concept hard-hit area: On February 2, 2026, before the market opens, the 'crypto treasury' company centered on the Digital Asset Technology (DAT) model encountered extreme selling.
Sharplink (SBET) leads the decline (-10.70%): Following last week's announcement of a $1 billion increase for purchasing ETH that led to equity dilution, it faced another sharp drop today. Its Q4 2025 earnings report shows a non-cash impairment provision of $87.8 million in ETH, causing serious doubts among investors about its leverage holding strategy.
Bitmine (BMNR) plummets (-10%): Similar to MSTR for BTC, Bitmine is the largest ETH treasury company in the world. Due to the ongoing weakness of the Ethereum exchange rate, coupled with the expectation of 'unlimited dilution' from its proposed increase of authorized shares to 50 billion, panic funds fled.
Mainstream targets under pressure:
MSTR (-7.25%): As Bitcoin falls below $86,000, MSTR, as a 1.5 times leveraged BTC alternative, is the first to come under pressure.
ETHZ (-7.23%): Ethzilla, focusing on the Ethereum ecosystem, faced a dense triggering of algorithmic stop-loss orders after ETH broke the psychological barrier of $3,000.
Plunge logic:
ETH confidence crisis: Recent continuous liquidation by Ethereum Foundation members and large holders has led to the ETH to BTC exchange rate dropping to a new low since 2021, severely impacting the consensus of 'ETH rebound'.
Cloud of the new Federal Reserve Chairman: The market is concerned about the 'hard monetarism' that Kevin Warsh may adopt, leading to high-valued crypto concept stocks being the first to be removed from institutional holdings.
Earnings season kills valuations: Large unrealized losses disclosed during audits by mining companies and treasury companies forced ETF funds to passively adjust their positions.
#MSTR #BMNR #SBET #以太坊暴跌 #美股盘前
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