$BMNR generates roughly $276 million in annualized protocol yield. Even if the market turns bearish, this structural yield creates a continuous influx of non-dilutive capital to cover corporate overhead without forcing asset liquidation. How many other DATs can do that? I'll wait..
The $BMNR team is getting very creative with how they raise cash to finish buying $ETH.
They are issuing $300 million of preferred shares (that are not convertible to common stock - therefore not dilutive) that will pay a 9.5% annual dividend.
With current annual staking revenues being about $300 million, they will likely pay the 9.5% dividend (~$30 million annually) from this staking yield.
Theses preferred shares will be able to be bought back at any time by Bitmine. This gives the company flexibility if interest rates drop or their capital position improves, they can buy back the shares to get that 9.50% dividend obligation off their books. Essentially allowing themself to refinance their capital structure at any point.
$TAO
The structural economics of $TAO make it highly sensitive to new demand. The mathematical breakdown of why an ETF filing threatens a massive supply squeeze includes:
Staking Imbalance: Roughly 67% of all circulating TAO is currently locked up and staked by network participants to earn yield.
The Dec. 2025 Halving: The token's inflation rate was recently cut in half, dropping daily emissions from 7,200 TAO down to just 3,600 TAO per day.
The Liquid Float: There are only about 3 million actively tradeable TAO tokens remaining in global circulation.
When Grayscale and Bitwise begin purchasing spot TAO to back their ETF shares, they will be forced to compete for a tiny pool of available tokens, which fundamentally forces the price upward of $TAO which is extremely bullish.
There has never been a clearer moment that Bittensor is competing directly with centralized AI.
Every time a $TAO subnet beats a frontier model on a specific task, the thesis gets stronger.
That's why I've never understood the urge to tear down other subnets.
We're not competing with each other.
We're competing with OpenAI, Anthropic, Google and every other centralized AI giant.
The more subnets succeed, the stronger the entire ecosystem becomes.
Let's act like it.
The US Government has given #Bittensor the best endorsement it could ever ask for
They proved the entire thesis for why we need permissionless and decentralised AI
Anthropic were forced by the Government to suspend access to Fable and Mythos models for any foreign nationals..
It doesn't matter what you think of Anthropic morals.. what the Governments reasons were.. whether the model was dangerous or not..
The point is.. Closed AI can be switched off
We’ve been banging this drum in #bittensor for four years now
If frontier intelligence can be restricted.. it will be restricted.. If access can be gatekept.. it will 100% be gatekept
If a small group of powerful men and women can decide who gets intelligence and who doesn’t.. they will absolutely use that power
This is exactly why bittensor:native matters
Intelligence is just too important to have it sit behind permissioned walls controlled by governments and corporations
#Bittensor is the fight against this.. Open.. permissionless.. incentivised
True open intelligence built by the people.. for the good of the people
This Anthropic news is proof that those fears are no longer theoretical..
This shit is real.. the door just got slammed
The pure reason #bittensor exists.. is so the world has another one to walk through
bittensor:native
ON JUNE 26, A WAVE OF FORCED BUYING IS COMING FOR TOM LEE'S BITMINE $BMNR
While everyone watches the Ethereum selloff, a structural catalyst nobody's pricing in arrives in two weeks.
BitMine is set to join the Russell 1000 on June 26, clearing the index's $5.7B cutoff with a $10.7B market cap.
Here's why that matters:
Hundreds of index funds and ETFs are built to mirror the Russell 1000. The moment BMNR joins, they have to buy it. No opinion, no timing, just automatic demand.
Tom Lee estimates passive funds typically hold 20-25% of a member's market cap. On a $10.7B company, that's a multi-billion dollar wave of buying.
And it lands on a firm holding 4.3% of all $ETH.
Bittensor is on an absolute tear right now.
TAO is up almost 40 percent off the lows right after having its Anthropic moment, and people still do not understand how big this setup could get.
Bitcoin had Cyprus in 2013.
Banks froze access, people woke up, and BTC went from around $47 to $266 in about 3 weeks.
That was the moment decentralized money made sense.
Now Bittensor is having its moment with AI.
The government can restrict access to intelligence, centralized labs can gate the models, and suddenly decentralized AI stops sounding like a niche crypto idea.
It starts sounding necessary.
bittensor:native already had its halving last year.
Now it has the narrative shock.
I think people are waking up to Bittensor now, and this move could be way bigger then most are ready for.
Cyprus showed why Bitcoin mattered.
Anthropic might show why Bittensor matters.
#Bittensor bittensor:native
When it is time for the market to wake up and allocate to crypto ai, Bittensor is and will always be the default. Do not let crypto twitter convince you otherwise.
$TAO is the Bitcoin of AI, intelligence currency.
Every time it looks like the pump is slowing down, it makes another push.
Now, wait until CT starts properly looking into $TAO and realises there isn’t anything else in crypto remotely as paradigm-shifting.
Full-on capital reallocation.
We aren’t prepared for what’s coming.