BitMine (BMNR) thesis rested on weekly buybacks to hold mNAV above 1.0x.
Q3 fiscal 2026 net loss reached $83.59 million. 6.1 million shares were repurchased in the past week. 9,946 ETH were added. Total holdings stand at $11.8 billion. mNAV ratio is 0.90x.

Bitmine Immersion Technologies (Derivatives) (BMNR)
Bitmine Immersion Technologies (Derivatives) BMNR تاریخچه قیمت USD
تجارت BMNR در سه مرحله
یک حساب کاربری رایگان ایجاد کنید، حساب خود را شارژ کنید، افزودن سپس ارز دیجیتال خود را انتخاب کنیدکسب درآمد حتی بدون دانش مالی
Put your idle crypto to work and earn passive income through savings, staking, and more.Bitmine Immersion Technologies (Derivatives) X Insight
Tom Lee on why institutional money HAS to buy $BMNR instead of $ETH directly.
Large asset managers "can't buy ETH, the native token, because they would actually have to maintain a crypto wallet."
But they can buy equities. Bitmine is in the Russell 1000 and trades on NYSE - "the only Ethereum large cap stock they could buy today."
The equity investor universe is $240T. The native crypto investor universe is "a couple hundred billion."
The numbers on where the big money flows is pretty clear.
FT @fundstrat @BitMNR.
Tom Lee on why institutional money HAS to buy $BMNR instead of $ETH directly.
Large asset managers "can't buy ETH, the native token, because they would actually have to maintain a crypto wallet."
But they can buy equities. Bitmine is in the Russell 1000 and trades on NYSE - "the only Ethereum large cap stock they could buy today."
The equity investor universe is $240T. The native crypto investor universe is "a couple hundred billion."
The numbers on where the big money flows is pretty clear.
FT @fundstrat @BitMNR.
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