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Project Overview
BitMine(NASDAQ:BMNR) is a Bitcoin Mining Company, with a focus on Bitcoin , Synthetic Bitcoin Mining through involvement in Bitcoin mining hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine’s operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.
Ethereum Institutional Completes Seed Funding Raise, Led by BitMine, SharpLink, and Ethereum Co-Founders
以太坊机构（Ethereum Institutional）宣布完成初始生态系统融资轮，获得逾 100 位生态参与者支持，锚定投资方包括 BitMNR、Sharplink 及以太坊联合创始人 Joseph Lubin、Mihai Alisie，参与者涵盖加密原生机构及个人投资者。 后续，该组织将加速与银行、资产管理公司、托管机构、金融科技及主权机构的直接接触，并联合 L2、应用团队、基础设施及托管服务商等推进以太坊机构化进程。目前该组织已开放招聘。
Data: Ethereum Treasury Companies' Staking Income Accounts for 60% of Their Disclosed Revenue
according to an Everstake report, among six Ethereum treasury companies that separately disclosed staking-related revenue, staking income accounts for an average of 60% of their reported revenue. The report reviewed 15 public companies with an Ethereum treasury strategy, of which those reporting losses in 2025 had a combined net loss of approximately $1.41 billion. Additionally, BitMine Immersion Technologies reported a net loss of $9.02 billion for the six months ending February 28, driven primarily by unrealized losses on digital assets.The report noted that spot crypto ETFs have diminished the appeal of publicly traded companies that simply hold Ethereum, forcing treasury companies to justify their valuations through yield-generating strategies such as staking. (cointelegraph)
Total staked Ethereum has reached an all-time high of 41.4 million ETH, accounting for 34% of the total supply.
According to AMBCrypto, the total amount of Ethereum staked has risen to a historic high of 41.4 million ETH, accounting for 34% of the total supply, with over 1.4 million ETH newly staked in just the past week. Tom Lee's BitMine staked an additional 150,100 ETH (approximately $278 million), bringing its total staked amount to 5.07 million ETH (approximately $9.38 billion), accounting for 87.4% of its ETH holdings; additionally, whale addresses have cumulatively withdrawn and staked 112,000 ETH (over $208 million) in the past three weeks. Meanwhile, the stablecoin market cap declined by 1.6% this quarter, marking the worst quarterly performance in history, with over $6 billion in liquidity flowing out of the crypto market, and the daily average spot trading volume across the market fell by nearly 70% from the January peak to approximately $15 billion.
ETH Ushers in "Golden July"? Institutions and Supply-Demand Dynamics Could Become New Catalysts for Ethereum's "New Cycle"
Odaily News, Sharplink research director Steven Ehrlich stated on platform X that Ethereum (ETH) has started July 2026 with strong momentum, gaining approximately 11% so far this month. Historical data suggests investors should pay attention to ETH's July performance. Over the past 10 years, ETH has posted gains in July on four occasions, with an average increase of 43% in those months. Since 2020, July has been ETH's strongest-performing month, with an average gain of about 27%, leading all other months.The core advantage of ETH's July performance is not simply volatility but the asymmetry between gains and losses: when July is positive, the average gain is approximately 43%; in losing years, the average decline is only about 5% (2020 to 2025). Historically, strong Julys for ETH have often coincided with Ethereum-specific catalysts:July 2020: Gained 54%, marking the launch of "DeFi Summer." Compound introduced the COMP token, triggering a yield farming frenzy. DeFi total value locked (TVL) surged from about $1 billion to $4 billion within weeks, DEX monthly trading volume grew by 174%, and ETH benefited as the foundational infrastructure of DeFi.July 2022: Gained 58%. The timeline for The Merge upgrade was confirmed on July 14, market sentiment rebounded from the post-LUNA and 3AC crisis low, and approximately $337 million in short positions were liquidated within 3 days.July 2025: Gained 49%. The US GENIUS Act was signed, spot ETH ETFs recorded a record monthly inflow of approximately $5.4 billion, corporate capital accelerated its allocation to ETH, staking rate reached about 30%, and declining exchange balances contributed to supply tightness.Historically, ETH's strong monthly rallies have typically been driven by a combination of "Ethereum-specific catalysts plus supply-demand imbalance." For July 2026, Steven Ehrlich believes the current market environment presents similar opportunities:1. Institutional infrastructure is being built. EthLabs (protocol R&D) and Ethereum Institutional were recently launched to drive institutional participation in the on-chain ecosystem, with participants including Sharplink, BitMine, and Joe Lubin.2. The Ethereum roadmap continues to upgrade. Vitalik Buterin proposed the "Lean Ethereum" plan on July 4, aiming to simplify Ethereum's architecture, increase speed, and enhance quantum resistance over the next 3 to 4 years. Its significance is comparable to The Merge.3. Corporate capital continues to accumulate ETH. Digital asset reserve companies are still actively building their ETH positions. Sharplink currently holds 886,725 ETH, added 10,000 ETH in purchases last week, and stated its goal is to increase the amount of ETH per share.Steven Ehrlich stated that Ethereum is entering a new phase of development, where institutional adoption, technological upgrades, and capital allocation may become key factors driving ETH's price action.
Tom Lee: SpaceX Lockup Unlock is a Good Opportunity to Build Positions, Not Advised to Chase Highs in the Short Term
Tom Lee, Chairman of BitMine, said in an interview that he will not set a specific price target for SpaceX because the company's growth is primarily focused on the future. Setting a target now would be equivalent to discounting 20 years of future growth into the present, which amounts to speculation.Tom Lee specifically mentioned the upcoming share unlock. He suggested that original investors are likely to create selling pressure by hedging their positions, but this selling pressure could turn into a good buying opportunity. Tom Lee believes that one should not chase high prices for SpaceX in the short term, and that using the pullback triggered by the unlock to build positions is a suitable strategy.
Tom Lee：加密市场情绪触及 FTX 崩盘以来最低点，但顺风因素仍在
BitMine 董事长 Tom Lee 发推表示，当前加密市场面临多重宏观逆风，包括市场预期美联储加息、Clarity Act 立法进程悬而未决、AI 热潮分流资金以及私人信贷压制资金流入；但顺风因素同样存在，代币化趋势持续升温、加密货币受益于 AI 发展、货币数字化进程加速，且当前市场情绪极度悲观或已接近阶段性底部。
Strategy holds $50.842 billion in BTC, BitMine bought $44.63 million in ETH last week
on-chain analyst Ember CN posted on platform X, stating that MicroStrategy did not make any BTC purchases last week. Bitcoin treasury company Strategy (MSTR) currently holds a total of 847,363 BTC, valued at $50.842 billion, with an average cost price of $75,651, an unrealized loss of $13.262 billion, and an unrealized loss rate of 20.7%. Ethereum treasury company BitMine (BMNR) last week purchased 27,084 ETH at approximately $1,648 each, valued at $44.63 million. It currently holds a total of 5.70004 million ETH, valued at $8.978 billion, with an average cost price of $3,399, an unrealized loss of $10.397 billion, and an unrealized loss rate of 53.6%.
Strategy's Bitcoin position floating loss reaches $2.932 billion, BitMine's Ethereum position floating loss hits $8.116 billion
on-chain analyst Ember CN posted on X, stating that Strategy sold 32 BTC for the first time last week at a price of approximately $77,135, totaling $2.47 million. Currently, it holds a total of 843,706 BTC, valued at $60.936 billion, with an average cost of $75,699, resulting in a floating loss of $2.932 billion, or a decline of 4.6%. BitMNR purchased 26,497 ETH last week at a price of approximately $2,061, totaling $54.61 million. Currently, it holds a total of 5,416,901 ETH, valued at $10.763 billion, with an average cost of $3,485, resulting in a floating loss of $8.116 billion, or a decline of 43%.
Binance Will List 10 bStocks Tokenized Stock Trading Pairs Including Netflix, BitMine, and More
Binance will open 10 bStocks trading pairs, including Astera Labs (ALABB), ASML (ASMLB), AST SpaceMobile (ASTSB), BitMine Immersion Technologies (BMNRB), Coherent (COHRB), Credo Technology (CRDOB), IREN (IRENB), Netflix (NFLXB), Super Micro Computer (SMCIB), and USA Rare Earth (USARB), on August 5, 2026, at 20:00, simultaneously supporting spot algorithmic trading bots and Binance Convert zero-fee trading.
Ethereum Institutional Completes Seed Funding Raise, Led by BitMine, SharpLink, and Ethereum Co-Founders
以太坊机构（Ethereum Institutional）宣布完成初始生态系统融资轮，获得逾 100 位生态参与者支持，锚定投资方包括 BitMNR、Sharplink 及以太坊联合创始人 Joseph Lubin、Mihai Alisie，参与者涵盖加密原生机构及个人投资者。 后续，该组织将加速与银行、资产管理公司、托管机构、金融科技及主权机构的直接接触，并联合 L2、应用团队、基础设施及托管服务商等推进以太坊机构化进程。目前该组织已开放招聘。
ETH Ushers in "Golden July"? Institutions and Supply-Demand Dynamics Could Become New Catalysts for Ethereum's "New Cycle"
Odaily News, Sharplink research director Steven Ehrlich stated on platform X that Ethereum (ETH) has started July 2026 with strong momentum, gaining approximately 11% so far this month. Historical data suggests investors should pay attention to ETH's July performance. Over the past 10 years, ETH has posted gains in July on four occasions, with an average increase of 43% in those months. Since 2020, July has been ETH's strongest-performing month, with an average gain of about 27%, leading all other months.The core advantage of ETH's July performance is not simply volatility but the asymmetry between gains and losses: when July is positive, the average gain is approximately 43%; in losing years, the average decline is only about 5% (2020 to 2025). Historically, strong Julys for ETH have often coincided with Ethereum-specific catalysts:July 2020: Gained 54%, marking the launch of "DeFi Summer." Compound introduced the COMP token, triggering a yield farming frenzy. DeFi total value locked (TVL) surged from about $1 billion to $4 billion within weeks, DEX monthly trading volume grew by 174%, and ETH benefited as the foundational infrastructure of DeFi.July 2022: Gained 58%. The timeline for The Merge upgrade was confirmed on July 14, market sentiment rebounded from the post-LUNA and 3AC crisis low, and approximately $337 million in short positions were liquidated within 3 days.July 2025: Gained 49%. The US GENIUS Act was signed, spot ETH ETFs recorded a record monthly inflow of approximately $5.4 billion, corporate capital accelerated its allocation to ETH, staking rate reached about 30%, and declining exchange balances contributed to supply tightness.Historically, ETH's strong monthly rallies have typically been driven by a combination of "Ethereum-specific catalysts plus supply-demand imbalance." For July 2026, Steven Ehrlich believes the current market environment presents similar opportunities:1. Institutional infrastructure is being built. EthLabs (protocol R&D) and Ethereum Institutional were recently launched to drive institutional participation in the on-chain ecosystem, with participants including Sharplink, BitMine, and Joe Lubin.2. The Ethereum roadmap continues to upgrade. Vitalik Buterin proposed the "Lean Ethereum" plan on July 4, aiming to simplify Ethereum's architecture, increase speed, and enhance quantum resistance over the next 3 to 4 years. Its significance is comparable to The Merge.3. Corporate capital continues to accumulate ETH. Digital asset reserve companies are still actively building their ETH positions. Sharplink currently holds 886,725 ETH, added 10,000 ETH in purchases last week, and stated its goal is to increase the amount of ETH per share.Steven Ehrlich stated that Ethereum is entering a new phase of development, where institutional adoption, technological upgrades, and capital allocation may become key factors driving ETH's price action.
以太坊质押税提案争议 EthLabs 获机构支持
以太坊社区就质押收益征税提案展开辩论，新成立的 EthLabs 获 BitMine 等机构支持，为生态发展提供链下资助替代方案。
MGBX will list BMNRUSDT and ASMLUSDT perpetual contract trading pairs
: According to official sources, MGBX will list the BMNRUSDT and ASMLUSDT perpetual contract trading pairs at 18:00 (SGT) on June 18, 2026.Trading Opening Time: 18:00 (SGT) on June 18, 2026Leverage: Up to 20x maximumBMNR: BitMine Immersion Technologies Inc is a Bitcoin and Ethereum network company focused on long-term cryptocurrency accumulation, whether obtained through its Bitcoin mining operations or through proceeds from capital raising transactions.ASML: ASML is the leader in lithography systems, holding a 90% market share used in semiconductor manufacturing.
Researcher Defends Ethereum Foundation: Its Mission Isn't to "Pump ETH," But to Make Itself Gradually Irrelevant
Blockchain researcher and investor William Mougayar has come to the defense of the Ethereum Foundation, arguing that the public has long misunderstood its role and that it is "executing its mission precisely."Mougayar stated that ETH, the Ethereum network, and the Ethereum Foundation itself are three distinct entities: ETH is an asset, Ethereum is a shared computing infrastructure, and the Foundation is a non-profit organization responsible for driving protocol development, with one of its goals being to "gradually make the founder irrelevant."He pointed out that many critics want the Foundation to take on responsibilities like marketing ETH or attracting institutional capital, which would be akin to "expecting the IETF to run a Super Bowl ad for TCP/IP." He emphasized that the Ethereum Foundation is currently on a "subtraction path," strengthening the network by advancing protocol upgrades, funding fundamental research, and reducing its own centralized influence.Recently, the Ethereum Foundation has faced community criticism for selling ETH, unstaking, and a lack of public communication. Data shows that the Foundation has completed its third OTC sale this month to BitMine Immersion Technologies, cumulatively selling approximately 25,000 ETH worth about $47 million. Additionally, the Foundation has recently unstaked over 38,000 ETH in total, with a combined value nearing $90 million. (Cointelegraph)
Related news
Bitcoin approaches $70,000, driving crypto-related stocks sharply higher; Strategy surges over 12%
Odaily News As Bitcoin approaches $70,000 and triggers a large-scale short squeeze, crypto-related stocks on U.S. exchanges are rallying across the board. Strategy (MSTR) rose 12.68% to $104.25, Coinbase (COIN) climbed 9.05% to $159.47, Circle (CRCL) gained 9.56% to $78.59, and BitMine (BMNR) advanced 10.72% to $20.24.During the same period, Bitcoin's short-squeeze rally led to over $1 billion in short positions being liquidated within an hour. Additionally, the U.S. Treasury announced it would at least double the scale of its long-term Treasury buyback program starting in September, pushing risk assets broadly higher. Strategy and Coinbase are particularly noteworthy, as both are among the large-cap stocks heavily shorted on Wall Street. Coinbase is currently the fifth-most-shorted stock in the financial sector. As such, this rally not only squeezed shorts in the crypto derivatives market but may also force U.S. equity investors shorting MSTR and COIN to cover their positions. (Decrypt)
BitMine Ethereum Holdings Reach 5.82 Million Tokens and Staking Launched
BitMine increased its holdings by 9,926 ETH last week, bringing the total to 5.82 million ETH, and has launched Ethereum staking. Based on current yields, annualized income could reach $164 million.
ETH is Just 3.5% Away from Breaking Key Daily Cloud Resistance, Tom Lee Responds: "Would Be Good to See"
Odaily News: BitMine Chairman Tom Lee has retweeted an Ethereum price analysis showing that ETH is approaching a significant technical breakout, currently just about 3.5% away from breaking above the Daily Cloud. According to the analysis, this indicator has not been effectively breached since October 9, 2025. If ETH successfully closes above the Daily Cloud, it could signal an improvement in the long-term trend structure and release further upside signals. Tom Lee commented: "Would be good to see."
Norway’s sovereign wealth fund Bitcoin holdings surpass 11,549 BTC, setting a new all-time high
Odaily News: According to data from K33 Research Head Vetle Lunde, as of the end of the first half of 2026, Norway's sovereign wealth fund has increased its indirect Bitcoin exposure to 11,549 BTC—an all-time high—through holdings in companies such as Strategy, Metaplanet, MARA, Coinbase, Block, and Tesla, valued at approximately $725 million. This exposure grew by 21.2% in the first half of the year and 60.5% over the past year, marking the sixth consecutive reporting period of increase.Among these, Strategy accounts for nearly 86% of the fund's indirect Bitcoin exposure, corresponding to approximately 9,914 BTC. As of June 30, the fund held about 1.17% of Strategy's shares. Metaplanet corresponds to 671 BTC, MARA to 421 BTC, and Coinbase, Block, and Tesla correspond to 183 BTC, 120 BTC, and 97 BTC, respectively.K33 notes that this exposure is likely not the result of the fund's active allocation to Bitcoin, but rather an indirect effect of its broadly diversified investment portfolio. The related Bitcoin exposure represents approximately 0.03% of the fund's total assets.Additionally, the fund has for the first time gained indirect ETH exposure through the Ethereum treasury company BitMine. As of June 30, it held 6.15 million shares of BitMine, valued at $88.3 million. Based on BitMine's current ETH holdings, this corresponds to indirect exposure of approximately 67,340 ETH.
Norwegian Wealth Fund Discloses $81.9 Million Stake in BitMine, Indirectly Gaining ETH Exposure
The Government Pension Fund Global of Norway disclosed in its holdings filing as of June 30 that it holds 6,151,062 shares of BitMine Immersion Technologies, valued at approximately $81.87 million. This position is an equity investment in a listed company, not a direct purchase of ETH, but it enables the fund to gain indirect exposure to Ethereum through BitMine.
Binance will add 10 bStocks tokenized securities as collateral assets
According to the official announcement, Binance Cross Collateral, Unified Account Mode, and Unified Account Pro will add 10 bStocks tokens—BitMine Immersion Technologies (BMNRB), Super Micro Computer (SMCIB), IREN Limited (IRENB), ASML (ASMLB), Netflix (NFLXB), AST SpaceMobile (ASTSB), Coherent (COHRB), Credo Technology (CRDOB), USA Rare Earth (USARB), and Astera Labs (ALABB)—as eligible collateral assets on August 5, 2026, at 20:00 (UTC+8).