Microchip Technology, Tesla, Humacyte And Other Big Stocks Moving Higher On Tuesday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 08 2025
0mins
Should l Buy BMNR?
Source: Benzinga
Stock Market Overview: U.S. stocks showed mixed results with the Dow Jones dropping over 100 points, while Microchip Technology shares surged 4.1% after an analyst raised its price target from $78 to $85.
Notable Stock Performances: Several companies experienced significant gains, including Humacyte (up 27.4%), Wolfspeed (up 18.2%), and SharpLink Gaming (up 16.4%), amidst various announcements and market expectations.
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Analyst Views on BMNR
Wall Street analysts forecast BMNR stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 20.150
Low
39.00
Averages
43.00
High
47.00
Current: 20.150
Low
39.00
Averages
43.00
High
47.00
About BMNR
Bitmine Immersion Technologies Inc. is a technology company focused on Bitcoin mining using immersion technology, an advanced cooling technique where computers are submerged in specialized oil circulated to keep units operating at optimal ambient temperature. The Company operates in the cryptocurrency mining industry. Its business includes industrial scale digital asset mining, equipment sales and hosting operations. It is engaged in self-mining bitcoin for its own account, as well as hosting third party equipment used in mining of digital asset coins and tokens, specifically bitcoin. It conducts digital asset mining operations using specialized computers equipped with application-specific integrated circuit chips. Its data centers provide power, racks, thermodynamic management (heat dissipation and airflow management), redundant connectivity, 24/7 security, as well as software which provide infrastructure management and custom firmware that improves performance and energy efficiency.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
BitMine Acquires Over $90 Million in Ethereum in Largest Weekly Purchase
- Ethereum Holdings Surge: BitMine's recent acquisition of 45,759 Ethereum brings its total holdings to 4,371,497 tokens, valued at $8.7 billion, representing 3.62% of the total ETH supply, reflecting the company's strong confidence and strategic positioning in the market.
- Cash Reserves Increase: The company's cash reserves have risen to $670 million, alongside a $200 million investment in Beast Industries, elevating total assets to $9.6 billion, thereby enhancing its resilience against market volatility.
- Significant Staking Revenue: BitMine has staked 3,040,483 ETH, which is 69% of its total holdings, generating $176 million in annualized rewards, with projections indicating that the upcoming MAVAN staking solution could boost annual rewards to $252 million, further strengthening the company's profitability.
- Market Sentiment Analysis: Chairman Tom Lee noted the current market sentiment is reminiscent of the lows seen in 2018 and 2022, but emphasized that this time there are no major exchange collapses, indicating that the company's strategy to continue purchasing during market downturns is a testament to its long-term vision.
See More
Cryptocurrency Market Weakens as Stocks Rally Sharply
- Cryptocurrency Market Decline: Bitcoin fluctuated between the high $65,000s and low $68,000s, with trading volume dipping, leading to over $220 million liquidated in the last 24 hours, reflecting extreme fear and strong bearish sentiment.
- Stock Market Surge: The Dow Jones Industrial Average rose by 129.47 points, or 0.26%, closing at 49,662.66, while the S&P 500 and Nasdaq Composite gained 0.56% and 0.78%, respectively, indicating strong investor interest in defense-related stocks.
- Defense Stocks Performance: Following reports of the Trump administration nearing a “major” military operation against Iran, the SPDR S&P Aerospace & Defense ETF and Global X Defense Tech ETF surged by 1.76% and 2.56%, respectively, reflecting optimistic expectations for defense spending.
- Bitcoin Future Outlook: Analyst Ali Martinez forecasts further declines for Bitcoin to at least $51,000, while another analyst, Michaël van de Poppe, anticipates a significant move on the horizon, indicating a divergence in market sentiment regarding Bitcoin's future trajectory.
See More
Peter Thiel Fully Exits ETHZilla After 97% Collapse
- Investment Lesson: Peter Thiel and Founders Fund acquired a 7.5% stake in ETHZilla at $107 in August 2025, but the stock plummeted 97% within months, turning a high-profile Ethereum investment into a cautionary tale.
- Capital Mismanagement: ETHZilla launched its Ethereum strategy after raising $565 million in August 2025, holding over 100,000 ETH at its peak, but was forced to sell approximately $40 million in ETH to fund stock buybacks after the market crash, highlighting the fragility of its business model.
- Strategic Pivot: ETHZilla is shifting towards real-world asset tokenization, having acquired $4.7 million in manufactured and modular home loans and two CFM56-7B24 aircraft engines for tokenization, attempting to move away from its failed Ethereum accumulation strategy.
- Current Holdings Update: ETHZilla now holds 69,802 ETH valued at approximately $139 million, significantly trailing behind BitMine Immersion Technologies, which holds 4,371,497 ETH, indicating its competitive disadvantage in the Ethereum market.
See More
Bank of America Reports 3,162,085 Shares of BMNR in Q4 2025, Marking a 1668% Growth in Holdings.
Bank of America Holdings: Bank of America revealed it held 3,162,085 shares of Bitmine (BMNR) stock in the fourth quarter of 2025, valued at approximately $85.8 million.
Significant Increase in Ownership: This purchase represents a substantial 1,668% increase in the bank's ownership of BMNR compared to its previous holding of only 178,808 shares.
See More
Ethereum Price May Have Bottomed Out, Optimistic Future Outlook
- Market Sentiment Low: The current crypto fear and greed index stands at 12, nearing panic-selling levels, indicating that Ethereum may have bottomed out, and an improvement in market sentiment could lead to a price rebound.
- DeFi Dominance: Ethereum holds a commanding 57% of the total value locked (TVL) in decentralized finance (DeFi), establishing itself as the preferred blockchain for Wall Street, highlighting its central role in financial innovation.
- Legislative Boost Potential: The passage of the Digital Asset Market Clarity Act could significantly benefit Ethereum, similar to the impact of last year's stablecoin legislation, potentially driving the price back to the $5,000 level.
- Investment Opportunity Emerges: Despite Ethereum's current price around $2,000, which is 60% lower than six months ago, there is potential for investors to double their money by 2026 if the market recovers, making it a noteworthy investment consideration.
See More
Ethereum Predicted to Double by 2026
- Market Sentiment Shift: Ethereum is currently trading around $2,000, down 60% from six months ago, with a fear and greed index of just 12 indicating panic selling, suggesting it may be nearing the bottom of its market cycle, and a sentiment improvement could lead to a price rebound.
- DeFi Growth Potential: Ethereum commands 57% of the total value locked (TVL) in decentralized finance (DeFi), making it the preferred blockchain for Wall Street, and as the lines between traditional and blockchain finance blur, it is expected to attract more investments, driving its value higher.
- Legislative Catalyst: The anticipated Digital Asset Market Clarity Act could provide regulatory clarity for Ethereum's DeFi ambitions, and if passed this year, it may have a similar positive impact as last year's stablecoin legislation, boosting Ethereum's price significantly.
- Investment Opportunity: Despite Ethereum's current price of around $2,000, analysts previously predicted it could break through $10,000; if the price has indeed bottomed out, investors should consider entering now to potentially double their investment by 2026.
See More
BitMine Acquires Over $90 Million in Ethereum in Largest Weekly Purchase
- Ethereum Holdings Surge: BitMine's recent acquisition of 45,759 Ethereum brings its total holdings to 4,371,497 tokens, valued at $8.7 billion, representing 3.62% of the total ETH supply, reflecting the company's strong confidence and strategic positioning in the market.
- Cash Reserves Increase: The company's cash reserves have risen to $670 million, alongside a $200 million investment in Beast Industries, elevating total assets to $9.6 billion, thereby enhancing its resilience against market volatility.
- Significant Staking Revenue: BitMine has staked 3,040,483 ETH, which is 69% of its total holdings, generating $176 million in annualized rewards, with projections indicating that the upcoming MAVAN staking solution could boost annual rewards to $252 million, further strengthening the company's profitability.
- Market Sentiment Analysis: Chairman Tom Lee noted the current market sentiment is reminiscent of the lows seen in 2018 and 2022, but emphasized that this time there are no major exchange collapses, indicating that the company's strategy to continue purchasing during market downturns is a testament to its long-term vision.
See More
Cryptocurrency Market Weakens as Stocks Rally Sharply
- Cryptocurrency Market Decline: Bitcoin fluctuated between the high $65,000s and low $68,000s, with trading volume dipping, leading to over $220 million liquidated in the last 24 hours, reflecting extreme fear and strong bearish sentiment.
- Stock Market Surge: The Dow Jones Industrial Average rose by 129.47 points, or 0.26%, closing at 49,662.66, while the S&P 500 and Nasdaq Composite gained 0.56% and 0.78%, respectively, indicating strong investor interest in defense-related stocks.
- Defense Stocks Performance: Following reports of the Trump administration nearing a “major” military operation against Iran, the SPDR S&P Aerospace & Defense ETF and Global X Defense Tech ETF surged by 1.76% and 2.56%, respectively, reflecting optimistic expectations for defense spending.
- Bitcoin Future Outlook: Analyst Ali Martinez forecasts further declines for Bitcoin to at least $51,000, while another analyst, Michaël van de Poppe, anticipates a significant move on the horizon, indicating a divergence in market sentiment regarding Bitcoin's future trajectory.
See More
Peter Thiel Fully Exits ETHZilla After 97% Collapse
- Investment Lesson: Peter Thiel and Founders Fund acquired a 7.5% stake in ETHZilla at $107 in August 2025, but the stock plummeted 97% within months, turning a high-profile Ethereum investment into a cautionary tale.
- Capital Mismanagement: ETHZilla launched its Ethereum strategy after raising $565 million in August 2025, holding over 100,000 ETH at its peak, but was forced to sell approximately $40 million in ETH to fund stock buybacks after the market crash, highlighting the fragility of its business model.
- Strategic Pivot: ETHZilla is shifting towards real-world asset tokenization, having acquired $4.7 million in manufactured and modular home loans and two CFM56-7B24 aircraft engines for tokenization, attempting to move away from its failed Ethereum accumulation strategy.
- Current Holdings Update: ETHZilla now holds 69,802 ETH valued at approximately $139 million, significantly trailing behind BitMine Immersion Technologies, which holds 4,371,497 ETH, indicating its competitive disadvantage in the Ethereum market.
See More
Bank of America Reports 3,162,085 Shares of BMNR in Q4 2025, Marking a 1668% Growth in Holdings.
Bank of America Holdings: Bank of America revealed it held 3,162,085 shares of Bitmine (BMNR) stock in the fourth quarter of 2025, valued at approximately $85.8 million.
Significant Increase in Ownership: This purchase represents a substantial 1,668% increase in the bank's ownership of BMNR compared to its previous holding of only 178,808 shares.
See More
Ethereum Price May Have Bottomed Out, Optimistic Future Outlook
- Market Sentiment Low: The current crypto fear and greed index stands at 12, nearing panic-selling levels, indicating that Ethereum may have bottomed out, and an improvement in market sentiment could lead to a price rebound.
- DeFi Dominance: Ethereum holds a commanding 57% of the total value locked (TVL) in decentralized finance (DeFi), establishing itself as the preferred blockchain for Wall Street, highlighting its central role in financial innovation.
- Legislative Boost Potential: The passage of the Digital Asset Market Clarity Act could significantly benefit Ethereum, similar to the impact of last year's stablecoin legislation, potentially driving the price back to the $5,000 level.
- Investment Opportunity Emerges: Despite Ethereum's current price around $2,000, which is 60% lower than six months ago, there is potential for investors to double their money by 2026 if the market recovers, making it a noteworthy investment consideration.
See More
Ethereum Predicted to Double by 2026
- Market Sentiment Shift: Ethereum is currently trading around $2,000, down 60% from six months ago, with a fear and greed index of just 12 indicating panic selling, suggesting it may be nearing the bottom of its market cycle, and a sentiment improvement could lead to a price rebound.
- DeFi Growth Potential: Ethereum commands 57% of the total value locked (TVL) in decentralized finance (DeFi), making it the preferred blockchain for Wall Street, and as the lines between traditional and blockchain finance blur, it is expected to attract more investments, driving its value higher.
- Legislative Catalyst: The anticipated Digital Asset Market Clarity Act could provide regulatory clarity for Ethereum's DeFi ambitions, and if passed this year, it may have a similar positive impact as last year's stablecoin legislation, boosting Ethereum's price significantly.
- Investment Opportunity: Despite Ethereum's current price of around $2,000, analysts previously predicted it could break through $10,000; if the price has indeed bottomed out, investors should consider entering now to potentially double their investment by 2026.
See More
