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ORBS News14 articles
BitMine Shares Jump 14% as Market Cap Nearly Matches Crypto Holdings
BitMine shares climbed 14% as its market cap reached $15.9 billion, aligning with its reported crypto holdings. Ether's rally drove the surge.
BitMine Sinks 7% as Ether Rout Trims Crypto Hoard by $4.8B
BitMine shares dropped 7.1% Friday as Ether's decline slashed the value of its crypto treasury by $4.77 billion. The stock still trades at a 30% premium to identifiable assets.
BitMine Stock Slumps 7% as Ether Slide Widens Discount to Crypto Holdings
BitMine shares dropped 7.1% on Friday, cutting market cap to $14.36 billion, while its reported crypto holdings stood at $14.9 billion. Ether's decline and Fed rate concerns triggered the selloff.
BitMine Shares Edge Up as Ether Treasury Narrows Gap to Market Cap
BitMine's stock rose 1.28% to $24.45 as its $14.9B Ether treasury nearly matches its $14.75B market cap, amplifying sensitivity to ETH price swings.
Bitmine's Discount to Asset Value Narrows Sharply Amid Ether Slide
Bitmine Immersion's gross asset discount narrowed to 5-6% from 18% last week, driven almost entirely by Ether's price decline, bringing shares closer to asset value.
Bitmine Soars 11.5% as Ether Rally Narrows Asset Discount
Bitmine Technologies (BMNR) surged 11.5% Tuesday as ether rallied 5.5%, reducing the gap between its market cap and crypto holdings to 15%.
Bitmine Stock Soars After $76M Ethereum Acquisition
Bitmine Immersion Technologies shares surged 8.7% after announcing a $76 million Ethereum acquisition and total assets of $11.1 billion.
Bitmine Stock Trades at Discount to Crypto Holdings After Index Inclusion
Bitmine's stock closed at $14.36, well below the estimated $17.70 per-share value of its crypto and cash holdings, as the company joins the Russell 1000. The discount persists despite a large ETH stake.
Bitmine Stock Trails Crypto Holdings After Russell 1000 Entry
Bitmine (BMNR) shares ended the holiday-shortened week at $14.36, up 1.48%, but still trade at a discount to the company's $9.8 billion in crypto and other assets.
Bitmine's Ether Holdings Surpass Market Cap as Independence Day Halts Trading
Bitmine's gross holdings of Ether, Bitcoin, and cash total about $10.08 billion, exceeding its $8.18 billion market cap. Trading resumes Monday after the Independence Day holiday.
Bitmine Trades Below Asset Value Despite Russell 1000 Inclusion
Bitmine (BMNR) trades at a 36% discount to its $9.8 billion asset base after Russell 1000 inclusion. Market cap is $6.27 billion.
BitMine Stock Discount Widens as Crypto Drop Tests Index Inclusion Impact
BitMine stock closed Friday at $13.56, 21% below its reported holdings value, as ether's drop and Russell 3000 inclusion pressure the discount.
Bitmine Stock Slides as Ether Decline Slashes Crypto Holdings Value
Bitmine (BMNR) shares fell 4.4% to $13.40 as ether's decline reduced its ETH holdings by $921M, trading 19% below adjusted asset value.
Bitmine Shares Dip on $75M Eightco Investment as Ether Strategy Expands
Bitmine Immersion Technologies shares declined 3% Thursday after the company committed $75 million to lead a $125 million funding round for Eightco Holdings. The move comes as Bitmine continues to emphasize its ether treasury strategy while expanding into AI and blockchain infrastructure.