Bitmine (NYSE-BMNR) $ETH $BMNP

The alchemy of 5% of ETH | NYSE | Thomas (“Tom”) Lee Chairman @fundstrat. Key tickers: $BMNR $BMNP

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

2/
"Late last week, Binance was hacked and $6.3 billion of customers' funds was stolen. According to reports by Binance and other media sources, the exploit stems from an infiltration of a contractor into Binance's corporate infrastructure. The FBI has named North Korea (DPRK) as the perpetrator. While this is a terrible development, in my view, the relatively muted crypto market reaction is very constructive, particularly compared to the market's response to prior sizable crypto thefts," stated Thomas "Tom" Lee, Chairman of Bitmine.

"In February 2025, ByBit was also hacked by DPRK (with a very different methodology) and $1.5 billion of customer crypto was stolen. The day the ByBit theft was announced, ETH fell 8% and was down 20% within a week. By contrast, since the Binance theft was disclosed, ETH went down 4%. We believe this is a far more muted market reaction despite the size of the theft being approximately quadruple the size," continued Lee.

"We believe there are 6 reasons that explain why the Binance theft has a muted market reaction. These are:

➡️Binance has the financial capabilities to cover all customer losses.

➡️There was not a 'cascade' of Defi protocol failures, as was seen post-ByBit theft.

➡️Swift industry action cut potential loss by 50%.

➡️FBI named North Korea (DPRK) as the responsible party within 2 days of the theft. Historically, authorities have taken as long as 180 days to name DPRK in prior heists.

➡️Exploit was a "corporate infiltration" of Binance infrastructure and not a blockchain exploit.

➡️Limited price downside is a sign that a crypto "bull market" is underway, notwithstanding recent price declines.

And taken altogether, we believe this is a sign that the crypto industry is increasingly resilient and more capable of absorbing these nation-state assaults on financial infrastructure,"

stated Lee.

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

4/
As of November 1, 2026, Bitmine total staked ETH stands 5,227,037 $11.8 billion at $2,261 per ETH). "Bitmine has staked more ETH than other entities in the world.

At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward would be $415 million on an annualized basis (using 2.58% 7-day BMNR yield).

This compares to annualized staking revenues at $358 million based upon BMNR's 5.2 million currently staked ETH (86% of the 6.05 million ETH held by Bitmine)," continued Lee.

Total staked $ETH by week:
- 11/1/26: 5,227,037 ETH
- 10/25/26: 5,227,037 ETH
- 10/18/26: 5,067,309 ETH
- 10/11/26: 5,067,309 ETH
- 10/4/26: 5,067,309 ETH
- 9/27/26: 5,067,309 ETH
- 9/20/26: 5,067,309 ETH
- 9/13/26: 5,067,309 ETH
- 9/7/26: 5,067,309 ETH
- 8/30/26: 5,067,309 ETH
- 8/23/26: 5,067,309 ETH
- 8/16 /26: 5,067,309 ETH
- 8/9/26: 5,067,309 ETH
- 8/2/26: 4,917,189 ETH
- 7/26/26: 4,917,189 ETH
- 7/19/26: 4,917,189 ETH
- 7/12/26: 4,917,189 ETH
- 7/5/26: 4,879,157 ETH
- 6/28/26: 4,879,157 ETH
- 6/21/26: 4,718,677 ETH
- 6/14/26: 4,718,677 ETH
- 6/7/26: 4,718,677 ETH
- 5/31/26: 4,718,677 ETH
- 5/25/26: 4,712,917 ETH
- 5/17/26: 4,712,917 ETH
- 5/10/26: 4,712,917 ETH
- 5/2/26: 4,362,757 ETH
- 4/26/26: 3,701,589 ETH
- 4/19/26: 3,334,637 ETH
- 4/12/26: 3,334,637 ETH
- 4/5/26: 3,334,637 ETH
- 3/29/26: 3,142,643 ETH
- 3/22/26: 3,142,643 ETH
- 3/15/26: 3,040,515 ETH
- 3/8/26: 3,040,483 ETH
- 3/1/26: 3,040,483 ETH
- 2/23/26: 3,040,483 ETH
- 2/17/26: 3,040,483 ETH
- 2/8/26: 2,897,459 ETH
- 2/1/26: 2,897,459 ETH
- 1/26/26: 2,009,267 ETH
- 1/19/26: 1,838,003 ETH
- 1/11/26: 1,256,083 ETH
- 1/4/26: 659,219 ETH
- 12/28/24: 408,627 ET

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

🧵
1/
BitMine provided its latest holdings update for November 2, 2026

$14.5 billion in total crypto + "moonshots":
- 6,060,506 ETH at $2,261per ETH (per @coinbase)
- 216 Bitcoin (BTC)
- $180 million stake in Beast Industries @MrBeast
- $82 million stake in Eightco Holdings (NASDAQ:$ORBS) (“moonshots”) and
- total cash and marketable securities of $498 million.

Ticker:
$BMNR common equity
$BMNP 9.5% perpetual preferred, dividends paid weekly
Chairman: Tom Lee @fundstrat

Link ⛓️
https://t.co/JA1wTnU5nB

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

3/
"Over the past week, we acquired 8,573 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025," stated Lee.

Weekly ETH buys (by week ending):
-11/2/26: 8,573 ETH coins
-10/26/26: 10,452 ETH
-10/19/26: 12,535 ETH
-10/12/26: 12,532 ETH
-10/5/26: 15,112 ETH
-9/28/26: 17,362 ETH
-9/21/26: 27,562 ETH
-9/14/26: 27,180 ETH
-9/7/26: 28,086 ETH
-8/31/26: 53,501 ETH
-8/24/26: 32,447 ETH
-8/17/26: 9,926 ETH
-8/10/26: 7,391 ETH
-8/3/26: 10,399 ETH
-7/27/26: 9,946 ETH
-7/20/26: 7,430 ETH
-7/13/26: 27,801 ETH
-7/6/26: 42,197 ETH
-6/29/26: 27,084 ETH
-6/22/26: 52,203 ETH
-6/15/26: 76,881 ETH
-6/8/26: 126,971 ETH
-6/1/26: 26,947 ETH
-5/26/26: 111,942 ETH
-5/18/26: 71,672 ETH
-5/11/26: 26,659 ETH
-5/3/26: 101,745 ETH
-4/26/26: 101,901 ETH
-4/19/26: 101,627 ETH
-4/12/26: 71,524 ETH
-4/5/26: 71,252 ETH
-3/29/26: 71,179 ETH
-3/22/26: 65,341 ETH
-3/15/26: 60,999 ETH
-3/8/26: 60,976 ETH
-3/1/26: 50,928 ETH
-2/23/26: 51,162 ETH
-2/17/26: 45,759 ETH
-2/9/26: 40,613 ETH
-2/1/26: 41,788 ETH
-1/26/26: 40,302 ETH
-1/20/26: 35,628 ETH
-1/12/26: 24,266 ETH
-1/5/26: 32,977 ETH
-12/29/25: 44,463 ETH
-12/22/25: 98,852 ETH
-12/15/25: 102,259 ETH
-12/8/25: 138,452 ETH
-12/1/25: 96,798 ETH
-11/24/25: 69,822 ETH
-11/17/25: 54,156 ETH
-11/10/25: 110,288 ETH
-11/3/25: 82,353 ETH
-10/27/25: 77,055 ETH

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

Agree

[Michaël van de Poppe @CryptoMichNL]

I think that $ETH to $3,000 isn't far away.

The reason for that is that we've just had a very obvious sweep of the lows.

At that point, the consensus is that we'll continue to fall.

What happens?

Probably the exact opposite of what the consensus currently is.

If #Ethereum is able to flip $2,400, you could argue that this is a deviation beneath the low and we'll start grinding back upwards.

This will fuel: long buyers, and short liquidations.

My first target zone for that is the area at $2,800 and most likely $3,000-3,100.

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

@Jonatanwins Yes

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

The best evidence to show Crypto is positively differentiating itself this cycle:

- Bitmine's pfd perpetual $BMNP up 24% since launch June 2026
- US long-term bonds $TLT -8%
- US investment grade $LQD -6%
- US high-yield $HYG -3%

Crypto credit outperforming fixed income = bullish
$BMNR $ETH

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

$ORCL surged after announcing a roadmap requiring far less external capital (debt and equity)

- @Oracle stock rose 11%
- Bitmine less than 40,000 $ETH away from 5%

See the analogy 👀

Ethereum is the place for onchain finance

[Shay Boloor @StockSavvyShay]

$ORCL just laid out a path to $225B in revenue by FY2030 which would triple its business in 4 years.

Even more interesting is that Oracle expects its growth to be self-funded by FY2029 which could ease concerns about how much debt it needs to finance its massive AI buildout.

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

Yes

[Badie @Badie912]

$BMNR $eth

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

4/
As of October 25, 2026, Bitmine total staked ETH stands 5,227,037 ($12.3 billion at $2,356 per ETH). "Bitmine has staked more ETH than other entities in the world.

At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward would be $368 million on an annualized basis (using 2.58% 7-day BMNR yield).

This compares to annualized staking revenues at $318 million based upon BMNR's 5.2 million currently staked ETH (86% of the 6.05 million ETH held by Bitmine)," continued Lee.

Total staked $ETH by week:
- 10/25/26: 5,227,037 ETH
- 10/18/26: 5,067,309 ETH
- 10/11/26: 5,067,309 ETH
- 10/4/26: 5,067,309 ETH
- 9/27/26: 5,067,309 ETH
- 9/20/26: 5,067,309 ETH
- 9/13/26: 5,067,309 ETH
- 9/7/26: 5,067,309 ETH
- 8/30/26: 5,067,309 ETH
- 8/23/26: 5,067,309 ETH
- 8/16 /26: 5,067,309 ETH
- 8/9/26: 5,067,309 ETH
- 8/2/26: 4,917,189 ETH
- 7/26/26: 4,917,189 ETH
- 7/19/26: 4,917,189 ETH
- 7/12/26: 4,917,189 ETH
- 7/5/26: 4,879,157 ETH
- 6/28/26: 4,879,157 ETH
- 6/21/26: 4,718,677 ETH
- 6/14/26: 4,718,677 ETH
- 6/7/26: 4,718,677 ETH
- 5/31/26: 4,718,677 ETH
- 5/25/26: 4,712,917 ETH
- 5/17/26: 4,712,917 ETH
- 5/10/26: 4,712,917 ETH
- 5/2/26: 4,362,757 ETH
- 4/26/26: 3,701,589 ETH
- 4/19/26: 3,334,637 ETH
- 4/12/26: 3,334,637 ETH
- 4/5/26: 3,334,637 ETH
- 3/29/26: 3,142,643 ETH
- 3/22/26: 3,142,643 ETH
- 3/15/26: 3,040,515 ETH
- 3/8/26: 3,040,483 ETH
- 3/1/26: 3,040,483 ETH
- 2/23/26: 3,040,483 ETH
- 2/17/26: 3,040,483 ETH
- 2/8/26: 2,897,459 ETH
- 2/1/26: 2,897,459 ETH
- 1/26/26: 2,009,267 ETH
- 1/19/26: 1,838,003 ETH
- 1/11/26: 1,256,083 ETH
- 1/4/26: 659,219 ETH
- 12/28/24: 408,627 ET

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

🧵
1/
BitMine provided its latest holdings update for October 26, 2026

$15.0 billion in total crypto + "moonshots":
- 6,051,933 ETH at $2,356 per ETH (per @coinbase)
- 215 Bitcoin (BTC)
- $180 million stake in Beast Industries @MrBeast
- $76 million stake in Eightco Holdings (NASDAQ:$ORBS) (“moonshots”) and
- total cash and marketable securities of $514 million.

Ticker:
$BMNR common equity
$BMNP 9.5% perpetual preferred, dividends paid weekly
Chairman: Tom Lee @fundstrat
Link ⛓️
https://t.co/boeXEl9b6C

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

3/
"Over the past week, we acquired 10,452 ETH. Bitmine's track record of consistent buying of crypto is unmatched by any public company in the world. Bitmine has bought ETH each and every week since the inception of the ETH Treasury Strategy on June 30, 2025," stated Lee.

Weekly ETH buys (by week ending):
-10/26/26: 10,452 ETH coins
-10/19/26: 12,535 ETH
-10/12/26: 12,532 ETH
-10/5/26: 15,112 ETH
-9/28/26: 17,362 ETH
-9/21/26: 27,562 ETH
-9/14/26: 27,180 ETH
-9/7/26: 28,086 ETH
-8/31/26: 53,501 ETH
-8/24/26: 32,447 ETH
-8/17/26: 9,926 ETH
-8/10/26: 7,391 ETH
-8/3/26: 10,399 ETH
-7/27/26: 9,946 ETH
-7/20/26: 7,430 ETH
-7/13/26: 27,801 ETH
-7/6/26: 42,197 ETH
-6/29/26: 27,084 ETH
-6/22/26: 52,203 ETH
-6/15/26: 76,881 ETH
-6/8/26: 126,971 ETH
-6/1/26: 26,947 ETH
-5/26/26: 111,942 ETH
-5/18/26: 71,672 ETH
-5/11/26: 26,659 ETH
-5/3/26: 101,745 ETH
-4/26/26: 101,901 ETH
-4/19/26: 101,627 ETH
-4/12/26: 71,524 ETH
-4/5/26: 71,252 ETH
-3/29/26: 71,179 ETH
-3/22/26: 65,341 ETH
-3/15/26: 60,999 ETH
-3/8/26: 60,976 ETH
-3/1/26: 50,928 ETH
-2/23/26: 51,162 ETH
-2/17/26: 45,759 ETH
-2/9/26: 40,613 ETH
-2/1/26: 41,788 ETH
-1/26/26: 40,302 ETH
-1/20/26: 35,628 ETH
-1/12/26: 24,266 ETH
-1/5/26: 32,977 ETH
-12/29/25: 44,463 ETH
-12/22/25: 98,852 ETH
-12/15/25: 102,259 ETH
-12/8/25: 138,452 ETH
-12/1/25: 96,798 ETH
-11/24/25: 69,822 ETH
-11/17/25: 54,156 ETH
-11/10/25: 110,288 ETH
-11/3/25: 82,353 ETH
-10/27/25: 77,055 ETH

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

yes... can 'macro shocks' just take a break

[David Hoffman @TrustlessState]

If crypto could just get a moment to fucking breathe, we'd be so much higher

Seems pretty clear that, in a vacuum, crypto goes up

Just we have a new crisis every week that rattles everyone out of their longs

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

agree with @ethereumJoseph

[ZAYRO ₿ @BTCZAYRO]

JOE LUBIN SEES $ETH FLIPPING $BTC NEXT YEAR.

ETHEREUM’S CO-FOUNDER BELIEVES TREASURY COMPANIES COULD PUSH ETH PAST BITCOIN IN MARKET VALUE POSSIBLY WITHIN A YEAR.

$ETH ISN’T HERE TO FOLLOW $BTC.

IT’S COMING FOR THE #1 SPOT.

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

Looking forward to this

[Mislav | Ethlabs @ox_shaman]

Next year will be such a breakthrough for Ethereum UX and security that it's hard to put into a single tweet all the benefits we'll get.

Key rotation, native multisigs, huge security advances via transaction assertions, native post quantum signing schemes, ...

[Badie @Badie912]

$BMNR ethereum:native

Betting on @fundstrat

"I think in the next crypto cycle it’s about tokenization, AI and compute.
We have a big balance sheet.
We could be leveraging opportunities there.“

"So I think after they reach their 5% alchemy goal, in around 4-6 weeks, they will announce a big new moonshot in one of these categories!"

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

Reminder

The large-cap stocks with highest correlation to crypto:

- @ethereum $ETH is $BMNR
- Bitcoin $BTC is $MSTR

Crypto bull market underway

PS: just starting

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

too low

[Ted @TedPillows]

JP Morgan expects $BTC to outperform every major asset class over the next 10 years.

Huge.

[Bitmine (NYSE-BMNR) $ETH $BMNP @BitMNR]

$ETH turn up was foretold

- @DeMarkAnalytics prophecy