BMNR News & Events

Oil's spike and the Iran shock are not just a macro headline, they are now the central driver of how capital is moving across bitcoin, ether, tokenized gold, and spot ETF wrappers tied to U.S.-listed names.For equity investors who traffic in Coinbase, Strategy, miners, and the new class of treasury and RWA plays, today's flows are a live stress test of whether the "digital gold" and "on-chain macro" narratives actually hold up when war, energy, and Washington collide in real time.Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.BITCOIN HOLDS NEAR $66,000 AS BRENT CRUDE TOPS $119 ON IRAN WAR:reports that bitcoinrose even as Brent crude jumped above $100 and toward $119 per barrel, while stock futures and bonds retreated on fears of a prolonged conflict around the Strait of Hormuz. SeparateBloombergcoverage notes S&P 500 and Nasdaq 100 futures down about 1.1%, and strategist Ed Yardeniraisedhis odds of a U.S. market "meltdown" to 35%, putting bitcoin's resilience under a fresh macro lens. The total crypto market value sits near $2.33T and the broader digital-asset complex is down roughly 21% year-to-date and bitcoin has logged its weakest 50-day start on record with a 23% drawdown, yet real-world-asset tokens have expanded their sector footprint by more than a quarter to about $26.9B,suggesting institutional capital continues flowing into crypto-adjacent infrastructure even during the drawdown.NASDAQ TAPS KRAKEN FOR TOKENIZED STOCKS WHILE COINBASE LAUNCHES EU FUTURES:Nasdaqis advancing its issuer-centric equity tokenization blueprint through a partnership with Kraken parent Payward, according toBloomberg, with tokenized shares set to settle through DTCC while preserving traditional voting and dividend mechanics.Kraken's blogdescribes xStocks as already handling more than $25B in tokenized equity volume with 80,000 on-chain holders, forming the bridge that should allow one-to-one tokens tracking names like Nvidia and Tesla to move between on-chain venues and Nasdaq's regulated markets by 2027.Coinbaseis pushing in parallel on regulated derivatives in Europe, withCryptoNinjasreporting that the company's MiFID-licensed entity has launched futures across 26 countries, including Germany and France, on Coinbase Advanced. The newly available lineup spans perpetual-style contracts with hourly funding and daily settlement plus monthly and quarterly expiries, offering up to 10x leverage on select bitcoin, ether, and equity-index products with lower leverage on other pairs. Coinbase shares trade around $197 with 21 Buy ratings and a consensus target near $251.Broadridge Financial Solutionsalso announced the, marking NYFIX's first cryptocurrency integration in Asia and extending institutional FIX-protocol crypto order routing to Broadridge's network of over 2,200 buy- and sell-side participants.STRATEGY BUYS $1.28B IN BITCOIN IN LARGEST SINGLE-WEEK 2026 PURCHASE:Strategydisclosedthat it acquired 17,994 bitcoin between March 2 and March 8 for $1.28B at an average price of $70,946 per BTC, a 527% increase over the prior week's purchase. Total holdings now stand at 738,731 BTC with a cumulative cost basis of $56.04B and an average purchase price of $75,862. The company funded the buy by selling 3,776,205 shares of STRC preferred stock for $377.1M in net proceeds and 6,327,541 shares of MSTR common stock for $899.5M in net proceeds. Strategy also amended its Omnibus Sales Agreement to allow multiple agents to sell securities outside regular market hours, expanding its capital-raising flexibility.Bitmine Immersion Technologiesis taking an ETH-heavy approach, with its8-K filingreporting 4,534,563 ETH held at about $1,965 per coin, 3,040,483 ETH staked, 195 BTC, $1.2B in cash, and a $200M Beast Industries stake for a combined crypto, cash, and "moonshot" portfolio around $10.3B. Chairman Tom Lee told investors in the accompanyingpress releasethat Bitmine stepped up purchases to 60,976 ETH over the past week and cited DeMark Analytics work comparing current ETH behavior to S&P 500 paths in 2011 and 1987, suggesting a potential bottoming window in early-to-mid March.Sharplink, another ether treasury name, used itsto lay out 2025 results showing revenue of $28.1M vs. $3.7M last year, but a GAAP net loss of ($734.6M), driven primarily by unrealized ETH marks and an LsETH impairment while ETH per share doubled from 2.0 to 4.01 and institutional ownership climbed to 46%. The companion8-Knotes that Sharplink raised roughly $3.2B in capital during 2025 and is now the second-largest public ETH holder, with management emphasizing a focus on growing ETH per share and generating yield above native staking rates.AVAX Oneis running a treasury strategy around Avalanche, according to apress release. The company points to a $40M repurchase program with more than 2.4M shares bought back through early March, roughly $600K in AVAX staking rewards, and 2026 revenue guidance of $11M-$44M, and will present its policy agenda in Washington at the Digital Chamber's DC Blockchain Summit in a fireside chat featuring its CEO and Ava Labs' general counsel.STABLECOINS, LEGISLATION, AND THE BANK YIELD FIGHT:describes how dollar-pegged stablecoins have evolved into major buyers of U.S. Treasury bills as issuers invest reserve assets in short-dated government paper.Circle Internet Group(CRCL)filed its10-K annual report, reporting USDCin circulation of $75.3B, up 72% year-over-year, total revenue and reserve income of $2.7B, up 64%, and Q4 2025 revenue of $770M, up 77%. USDC accounted for approximately 70% of all stablecoin transfer activity, with a record $1.8  in transaction volume in February. Circle shares have rallied roughly 60% since the Q4 earnings beat.The CLARITY Act remains stalled after the American Bankers Association formally rejected a White House-brokered compromise on stablecoin yield offerings on March 5, according toReuters.Banks argue that stablecoin rewards programs offered by exchanges could siphon deposits from traditional banking accounts, while crypto firms call the proposed restrictions anti-competitive. President Trump criticized banks on Truth Social, saying they need to "make a good deal" with the crypto sector. Standard Charteredprojects that stablecoins could attract approximately $500B in deposits from U.S. banks by 2028 if yields remain competitive. The Senate Banking Committee is eyeing a mid-to-late March markup window.Separately, stablecoin payments firm KAST raised $80M at a $600M valuation, co-led by QED Investors and Left Lane Capital, with an annual revenue run rate expected to reach $100M this year,, reflecting continued VC appetite for stablecoin infrastructure despite the broader downturn.GOLD WHALES DUMP $40M IN TOKENIZED BULLION WHILE OIL SHORTS PILE INTO HYPERLIQUID:data highlight that two gold whales sold a combined nearly $40M of tokenized gold, Tether Gold and PAX Gold, over 48 hours as spot prices hovered near $5,080 per ounce equivalents, locking in more than $7M in aggregate profit. On-chain analyst coverage fromBlockchain.newsshows one whale cutting a $54.63M portfolio that paired WBTC and XAUT to roughly flat overall, with losses of around $5.15M on 264.8 WBTC offset by about $5.18M of gains on 5,809.8 XAUT, illustrating how tokenized bullion has become a direct hedge against bitcoin drawdowns during risk shocks.Oil-linked on-chain positioning has also spiked, with reports that a new address put on a 5x, $10.2M short in Hyperliquid's WTI crude perpetual just as benchmarks pushed through $108, while MakerDAO co-founder Rune Christensen's wallet shows a 7x leveraged long worth roughly $7.8M with more than $1.3M in unrealized gains and offsetting shorts in ETH and an equity-index contract, effectively implementing a long-oil/short-risk macro book using DeFi tools.adds that a well-known trader known as CBB was nearly liquidated on a separate Hyperliquid oil short that went more than 50% against him before emergency margin and partial liquidation raised his liquidation threshold, underscoring the speed with which on-chain commodity venues can move.FARAGE BACKS LONDON BTC TREASURY AS SPOT ETFs PULL $568M IN WEEKLY INFLOWS:reports that Reform UK leader Nigel Farage has acquired a 6.31% stake in Stack BTC Plc, a London-listed bitcoin treasury company run by former U.K. chancellor Kwasi Kwarteng that buys profitable U.K. businesses and deploys surplus cash into BTC.Bloombergnotes that Blockchain.com joined the 26M GBp equity raise, whilebitcointreasuries.netshows Stack BTC holding 21 BTC, turning what is a relatively small balance sheet into a politically charged signal of support for the treasury model.U.S. spot bitcoin ETFs took in about $568.45M of net inflows in the first week of March, ending a four-month streak of monthly outflows as BlackRock'sIBIT led with more than $300M on a single day and total spot ETF assets rose to roughly $87.07B, according toAInvest. Spot products now hold a low-teens percentage share of BTC supply depending on methodology, with inflows returning even as price volatility and macro uncertainty stay elevated, a dynamic that matters for U.S.-listed miners, brokers, and treasury names that trade as leveraged proxies on that flow.MINERS AND INFRASTRUCTURE:Sphere 3D(ANY)reported FY25 results showing 111.6 BTC mined and announced a definitive agreement tomerge with Cathedra Bitcoinin an all-stock deal, with the combined entity aiming to expand into AI services alongside bitcoin mining.DeFi Technologies(DEFT)received aNasdaq bid-price deficiency noticeafter shares traded below $1 for 30 consecutive business days, triggering a 180-day compliance window until September 1. Managementannouncedit will present at the Canaccord 6th Annual Digital Assets Virtual Symposium on March 11 at 2:30 PM. ET.Signing Day Sports(SGN)that its special meeting to vote on the proposed business combination with BlockchAIn Digital Infrastructure is scheduled for March 13. If approved, the merged entity trades on NYSE American under ticker AIB. BlockchAIn's 40 MW South Carolina data center generated $22.9M in revenue and $5.7M in net income in 2024.PRICE ACTION:As of time of writing, bitcoin was trading at$69,023.77, while ether was trading at$2,026.46,according to price data from TipRanks.

Bitmine Immersion Technologies (BMNR) announced Bitmine crypto + total cash + "moonshots" holdings totaling $10.3B. As of March 8 at 4:00pm ET, the company's crypto holdings are comprised of 4,534,563 ETH (ETH-USD) at $1,965 per ETH (COIN), 195 Bitcoin (BTC-USD), $200M stake in Beast Industries, $14M stake in Eightco Holdings (ORBS) and total cash of $1.2B. Bitmine's ETH holdings are 3.76% of the ETH supply.

Bitcoinand etherstart March stuck in a post-Iran shock range as corporate treasuries ramp up BTC and ETH accumulation into ETF outflows and macro risk, setting up a tug-of-war between listed "bitcoin standard" plays, tokenization pivots, and mining-to-AI transitions. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.BITCOIN, ETHER ETFS POST $9.15B IN OUTFLOWS AS FEBRUARY TURNS WORST IN A DECADE:U.S.-listed spot bitcoin ETFs have seen about $6.39B in net outflows over four straight months, while ether ETFs shed roughly $2.76B, the longest losing streak since launch and a clear sign of cooling institutional appetite for listed products, according toMEXCandChainCatcher. Bitcoin has nearly halved from its October high above $126,000 and ether is down more than 60% from August peaks above $4,950, capping a February where BTC fell about 15% and ETH nearly 20%, both among their weakest February returns in a decade, according toCoinglass data cited by Cointelegraph.JPMORGAN SEES CLARITY ACT AS 2H CATALYST, REAFFIRMS $266K BTC TARGET:JPMorgan'sresearch desk still leans structurally bullish, arguing the CLARITY Act, a comprehensive U.S. crypto market structure bill could be approved by mid-2026 and unlock bank and broker participation, and it reiterates a long-term bitcoin target of $266,000 on a volatility-adjusted gold framework.IRAN STRIKES SHOW BTC TRADING LIKE RISK ASSETS, GOLD OUTPERFORMS:The Iran strikes delivered a live-fire test of the "digital gold" story, and bitcoin failed to decouple from risk assets. BTC dropped 3–4% to around $63,250 immediately after U.S./Israel launched coordinated attacks on Iran, briefly rebounded above $67,000, and is now hovering back near pre-strike levels around the mid-$60Ks, having erased the initial shock move but not the broader February drawdown, according toThe Wall Street JournalandBarron's.Gold has outperformed sharply, climbing more than 5% over three days while bitcoin traded roughly flat, undercutting the hedge narrative and reinforcing BTC's role as a high-beta macro risk asset, according to. Nearly 46% of bitcoin supply, about 9.09M BTC, now sits at an on-chain loss, a profile historically associated with mid-to-late bear phases and heavier pressure on listed proxies like Coinbaseand bitcoin miners when geopolitical volatility spikes, according to.STRATEGY, PROCAP DOUBLE DOWN ON BTC WHILE BITMINE BUILDS $9.9B ETH TREASURY:Strategycontinued to lean into its bitcoin policy, disclosing purchases of 3,015 BTC for $204.1M between February 23 and March 1, funded by at-the-market equity issuance that raised roughly $237M across common and preferred, according to the company'sForm 8‑The company now holds 720,737 BTC at an average cost near $75,985 per coin, well above the current spot price, implying about $7B in unrealized losses, even as the board raised the STRC preferred dividend to 11.5%, its seventh consecutive hike since mid‑2025, according toYahoo Finance.Anthony Pompliano's ProCap Financialadded 450 BTC via structured put assignments with FalconX, taking its treasury to 5,457 BTC while simultaneously repurchasing more than 782K common shares at a discount to NAV and positioning itself as a mid-tier public BTC holder, according to a.On the Ethereum side, Bitmine Immersion Technologiesdisclosed a $9.9B balance sheet anchored by 4,473,587 ETH, about 3.7% of total ETH supply, including 3,040,483 ETH staked and generating an estimated $172M in annualized staking revenue, with chairman Tom Lee explicitly "buying the mini crypto winter" after acquiring roughly 50,928 ETH in the last week, according to.F2POOL FOUNDER BUILDS LARGE ETH POSITION; TETHER SHIFTS $151M IN TOKENIZED GOLD:Ethereum positioning is being reshaped by whales and corporates: Bitmine's on-chain footprint confirms its status as the largest ETH treasury among public companies, while Arkham Intelligence flags a wallet linked to F2Pool founder Chun Wang that withdrew about $67.5M of ETH from Binance over two weeks and now holds roughly $150M of ETH on Aaveafter routing about $240M in stablecoins through exchanges, according toU.Today. In tokenized commodities, Tether moved 28,723 XAUT, around $151M of tokenized gold, to Abraxas Capital, the largest such transfer in nearly three weeks and a data point that rhymes with Neptune Digital Assets' plan to add tokenized gold and silver to its treasury as a volatility buffer alongside BTC and staking assets, according toChainCatcher.ETF FLOWS STAY MIXED AS SOLANA ETP INFLOWS CONTRAST WITH BTC, ETH PROFIT-TAKING:ETF flow trackers show a mixed picture beneath the headline outflows: across 10 bitcoin ETFs and nine ether ETFs, March 2 saw modest single-day net outflows of (548) BTC and (12,307) ETH, but both assets still show sizable seven-day net inflows, suggesting short-term profit-taking rather than a wholesale institutional exit, according toKuCoin's flash note. SolanaETPs are a notable outlier, posting both positive daily and weekly inflows, highlighting residual risk appetite for higher-beta layer‑1 exposure even as large‑cap benchmarks struggle.COINCHECK CLOSES 3IQ DEAL AS BSTR BITCOIN SPAC REVIVES TREASURY LISTING PLAYBOOK:On the infrastructure side, Coincheck Groupclosed its acquisition of roughly 99.8% of Canadian manager 3iQ, adding a pioneer in bitcoin, ether staking, and solana staking ETPs to its franchise and deepening a strategy aimed at global institutional distribution beyond its Japan exchange roots, according to. Cantor Equity Partnersadvanced its BSTR bitcoin SPAC,that would list a dedicated treasury vehicle seeded with 30,021 BTC and around $1.4B in financing instruments under Blockstream CEO Adam Back, even as the broader bitcoin SPAC market has largely gone dormant.FORUM MARKETS DUMPS ETH TREASURY LABEL; JIUZI CHASES $300M CRYPTO-FUNDED PLACEMENT:Forum Markets, the former ETHZilla, began trading today under its new ticker and brand, formally abandoning an Ethereum treasury model that coincided with a roughly 96% share-price collapse and pivoting toward tokenized real‑world asset infrastructure, including fractionalized ownership of commercial jet engines, according to a. Jiuzi Holdingsmeanwhile expanded a crypto-funded private placement from $60M to a targeted $300M to build out on-chain custody and treasury infrastructure, underscoring that for some small caps, crypto remains a capital formation and balance sheet story rather than a pure trading proxy, according to.DIGI POWER X ARMS 200 GOES LIVE AS RIOT EARNINGS TEST MINING-TO-AI STORY:The mining-to-AI narrative continues to build as hashpower-exposed names seek higher-margin compute revenue streams. Digi Power X, a former bitcoin miner, has commissioned its first ARMS 200 modular data center at its Alabama facility and expects GPU-as-a-Service revenue to begin in April 2026, guiding to about $15M in annualized revenue per MW and laying out a roadmap to 10 MW in Alabama by Q3 and additional capacity in New York by Q2, according to apress release carried by the Detroit Free Press.Riot Platformsreports Q4 results after the close today, with the Street looking for low double‑digit revenue growth and a modest EPS loss as investors focus on how quickly its planned 1.7 GW power pipeline and AI/HPC pivot can offset softer bitcoin economics and rising geopolitical risk premia, according to the company'sIR site. With bitcoin having just logged its worst February since 2013 and nearly half of supply at a loss, earnings commentary from Riot and peers will help equity investors gauge whether miners remain geared macro trades or evolve into diversified compute utilities.VC FLOWS SHIFT TO INFRASTRUCTURE AS STS DIGITAL RAISES $30M FOR CRYPTO OPTIONS:Venture funding in crypto hit roughly $883M in February, but deal counts fell to a 5.5‑year low, with capital increasingly directed to stablecoin infrastructure, custody, and compliance rather than speculative token launches, and roughly 85% of 2025 token debuts now trading below issue levels, according toMEXC's recap of The Block data. STS Digital, a Bermuda-based trading and options venue, raised $30M from a roster of traditional and crypto-native investors to expand its institutional-grade spot and options platform, reinforcing the theme that market structure and derivatives rails, not consumer tokens, are where late-cycle VC dollars are concentrating, according toFinTech Futures.PREDICTION MARKETS FACE SCRUTINY AFTER $529M IN IRAN-RELATED POLYMARKET BETS:Prediction markets also drew scrutiny after Polymarket saw about $529M traded on Iran-related contracts, with a handful of newly created wallets generating an estimated $1.2M in profits and attracting attention from both blockchain analytics firms and U.S. lawmakers, according to.PRICE ACTION:As of time of writing, bitcoin was trading at$70,011.61, while ether was trading at$2,079.83,according to price data from TipRanks.