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-0.00157170923379185 -0.000785854616895997 -0.00392927308447943 -0.0078467583497053 -0.012966601178782 0.0267190569744597 0.005500982318271 0.0106090373280943
Stock impact report

Bitmine: Ethereum's Boldest Bet Is Here [Seeking Alpha]

Galaxy Digital Inc. - Class A common stock (GLXY) 
Company Research Source: Seeking Alpha
The company targets owning 5% of all ETH supply, requiring an additional 6 million ETH through a $24.5 billion equity program. BMNR trades at a discount to its NAV despite rapid ETH-per-share growth, reflecting market concerns about ongoing dilution and execution risk. Macro volatility, thin liquidity, and extreme fear readings have amplified crypto price swings, creating speculative accumulation opportunities for high-beta assets like BMNR. Institutional backing from Galaxy Digital, Pantera, Founders Fund, and ARK supports BMNR's thesis, but its success depends on Ethereum dominance and tokenization adoption. IgorIgorevich/iStock Editorial via Getty Images Investment Thesis BitMine Immersion Technologies' ( BMNR ) investment thesis rests on an audacious tightrope of continuously raising equity with the sole intention of obtaining the hard-pressed yet ambitious goal of 5% of the Ethereum This article was written by Analyst's Disclosure: I/we have a beneficial long pos Show less Read more
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