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SBET News7 articles
BitMine Stock Climbs 9% Despite Ether Dominance in Asset Mix
BitMine (NYSE:BMNR) shares rose 9% this week, but its $4B buyback program is overshadowed by massive Ethereum holdings. Ether price swings dwarf repurchase impact.
BitMine Stock Gains 9% Weekly Despite Ether Flat; NAV Discount Narrows
BMNR climbed 9.4% for the week despite a 2.8% drop in Ether. NAV stands at $18.12-$18.48, with shares trading at a discount.
BitMine Shares Jump 13% on Buyback That Boosts Ether Per Share
BitMine (BMNR) shares climbed 12.8% to $17.81 after the company's buyback program drove a 1.2% increase in ether per share, with repurchases accounting for 86% of the gain.
Bitmine Stock Slips Despite Buyback Driving Ether-Per-Share Growth
Bitmine (NYSE:BMNR) dropped 6.5% to $16.59, with a $85.9M buyback contributing 88% of the weekly Ether-per-share gain.
Bitmine Stock Buyback Boosts ETH Per Share More Than Direct Ether Purchase
Bitmine's $85.9M share buyback lifted ETH per share by 0.92%, surpassing the 0.79% gain from a direct Ether purchase, signaling accretive capital management.
Bitmine Faces $1B Ether Valuation Hit as Crypto Buffer Narrows
Bitmine's ether holdings lost $1.01B in value as ETH fell to $1,624.95, cutting the per-share backing buffer to $2.13. Staking revenue and index inclusion offer support, but risks remain.
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.