Latest news with #Bitcoin-centric
Yahoo
08-07-2025
- Business
- Yahoo
This Formerly High-Flying Cryptocurrency Has the Potential to Become the New Bitcoin, According to Tom Lee of Fundstrat
Tom Lee of Fundstrat recently became the chairman of a company that will adapt the Bitcoin treasury company model for Ethereum. The convergence of traditional finance and crypto should be a strong growth driver for Ethereum, a decentralized finance powerhouse. The rise of stablecoins has made Ethereum even more attractive for investors. 10 stocks we like better than Ethereum › The Bitcoin treasury company model pioneered by Strategy is going fully mainstream. In fact, Wall Street is now adapting this business model for other cryptocurrencies beyond just Bitcoin. On June 30, Tom Lee of Fundstrat announced that he was becoming the chairman of BitMine Immersion Technologies, a tiny Bitcoin mining company. But here's the twist: He's going to transform that Bitcoin-centric company into an Ethereum (CRYPTO: ETH) treasury company. The company will buy Ethereum, not Bitcoin, for its balance sheet. Tom Lee is very bullish on Ethereum. He recently told CNBC that he thinks Ethereum has the potential to become "the new Bitcoin." Is he right? To answer that question, all you need to know is that Ethereum has a stellar track record, and has often been highlighted as the one cryptocurrency capable of "flipping" Bitcoin. That is, Ethereum is the one cryptocurrency in the world capable of surpassing Bitcoin in market cap. That's due in part to the remarkable historical returns of Ethereum. When it launched in July 2015, Ethereum traded for less than $1. Ten years later, it trades for $2,595. That's a head-spinning return on investment within a relatively short period. Admittedly, Ethereum has been struggling of late, down 22% for the year. And it doesn't show signs of turning around anytime soon, even with the support of the Trump administration, which made Ethereum one of the keystone cryptocurrencies for its new U.S. Digital Asset Stockpile. Tom Lee is not focused on the past, he's focused on the future. And what he sees happening is a grand convergence of traditional financial services and crypto. Historically, Ethereum has been the one blockchain that dominates the world of decentralized finance (DeFi), which is the blockchain version of traditional finance. For example, Ethereum has a staggering 55% market share of total value locked (TVL), a key metric for measuring DeFi activity. No other blockchain even comes close. Solana only has a 7% market share. And Base, the blockchain launched by Coinbase Global, only has a 3% market share. When you look at the investments being made by World Liberty Financial, the crypto venture affiliated with the Trump family, they all seem to involve Ethereum or DeFi. Given that Ethereum is such a DeFi powerhouse, this makes sense. This is important to point out because just about everyone admits that Bitcoin will never be a DeFi powerhouse. Right now, Bitcoin only has a 5.5% market share of TVL. So Ethereum is approximately 10x bigger than Bitcoin when you take into account only this one factor. I've saved the best for last: Ethereum is also a giant when it comes to stablecoins. These stablecoins are cryptocurrencies that are pegged 1:1 to the value of another asset, usually the U.S. dollar. These stablecoins are -- you guessed it -- extraordinarily important to decentralized finance. They are the easiest way for mainstream Wall Street institutions to gain access to blockchain-based yield strategies. Moreover, stablecoins are becoming some of the biggest buyers of U.S. T-bills, since this government debt can be used to preserve the dollar peg. As a result, Treasury Secretary Scott Bessent recently predicted that stablecoins will become a $2 trillion industry within a few years. As Tom Lee points out, roughly 50% of all stablecoin transaction activity is now taking place on the Ethereum blockchain, and roughly 30% of all transaction volume on the Ethereum blockchain is linked to stablecoins. So he sees these stablecoins driving tremendous value for Ethereum in the future. All of this sounds fantastic, right? Investors get a cryptocurrency with a stellar track record. This cryptocurrency is also at the forefront of the fastest-growing sector of the crypto market. And this cryptocurrency has the direct attention of the Trump administration. What could possibly go wrong? For one thing, Ethereum faces a tremendous amount of competition from other blockchains, many of which are also trying to become "the blockchain" for stablecoins. Tron, a competing blockchain with support from the Trump family, is second only to Ethereum for stablecoin transaction activity. Also, keep in mind: Vitalik Buterin, the legendary founder of Ethereum, warned earlier this year that he doesn't want the Ethereum blockchain to become a Wall Street casino. Even though the White House has made every signal that it wants to include Ethereum in its vision of crypto, there's been little reciprocal show of support from Buterin. Before you jump right in and assume that Ethereum will become "the new Bitcoin," make sure you do your due diligence. Right now, Ethereum seems to be the frontrunner for this title, but there are plenty of other competitors out there in the crypto market. Before you buy stock in Ethereum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ethereum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Dominic Basulto has positions in Bitcoin, Ethereum, and Solana. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Solana. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy. This Formerly High-Flying Cryptocurrency Has the Potential to Become the New Bitcoin, According to Tom Lee of Fundstrat was originally published by The Motley Fool Connectez-vous pour accéder à votre portefeuille
Time of India
03-07-2025
- Business
- Time of India
Bitmine Immersion - BMNR stock soars 70% in wild morning rally, smashes 52-week high - what's driving the rally?
Bitmine Immersion stock skyrockets over 60% in wild morning trade, hits fresh 52-week high — Bitmine Immersion Technologies stock (BMNR) surged more than 60% during Wednesday's morning session, drawing heavy attention from traders and investors alike. At 10:36 AM EDT, shares were trading at $97.00, up a jaw-dropping 63.93% from the prior session. This explosive move has shattered its previous 52-week high and set a new benchmark for the stock's price action. The rally came as a surprise to many, especially since the stock opened quietly at $57.28 — below its previous close of $58.50. Yet within the first hour of trading, Bitmine Immersion stock catapulted upwards, hitting $97.00 and triggering a wave of high-volume buying. Over 13 million shares had traded hands by mid-morning, already surpassing the stock's average daily volume of 9.7 million. This unusual spike suggests strong market momentum and growing interest in BMNR. Why is Bitmine Immersion stock surging so fast? The rally in BMNR shares isn't just random — it's backed by a string of bold announcements that have flipped investor sentiment nearly overnight. Here's what's happening: 1. A $250 million Ethereum treasury play The biggest catalyst? Bitmine announced a $250 million private placement to raise capital for purchasing Ethereum (ETH) as its core treasury reserve. The plan includes issuing about 55 million shares at $4.50 each — a move that positions the company as a kind of "MicroStrategy of Ethereum." Investors familiar with MicroStrategy's Bitcoin-centric strategy see Bitmine's ETH pivot as a similar bet on blockchain's future — but this time centered on the Ethereum ecosystem. Live Events 2. Tom Lee joins as Chairman — and brings credibility Adding fuel to the fire, crypto bull Tom Lee — the well-known strategist at Fundstrat — has officially joined Bitmine as its new Chairman. Lee's involvement immediately legitimizes the firm's pivot toward Ethereum. His bullish stance on ETH, especially as regulatory clarity improves for stablecoins and ETH adoption grows, is seen as a massive tailwind. 3. Retail frenzy, short squeeze, and tech buzz With more than 23 million shares traded in a single session and a previous float under 10 million, BMNR may be experiencing a classic short squeeze . At the same time, renewed investor interest in immersion cooling technology — which Bitmine uses for crypto mining and plans to scale into AI/data center applications — has added another layer of speculative enthusiasm. BMNR stock performance: Just how big is this rally? Here's how the numbers stack up as of this morning: Metric Data Current Price $103.79 (up ~70% intraday) 52-Week High $129.86 (hit during today's session) Day's Low $55.00 Opening Price $57.28 Trading Volume 23.3 million+ shares 5-Day Gain From ~$4.50 to over $100 — a staggering +2000% surge Just a few days ago, on June 27 , the stock was trading under $5. By July 3 , it had exploded past $100 , making it one of the most volatile and talked-about small caps on the market. What does the $97 mark mean for Bitmine Immersion stock? Hitting the $97.00 intraday high is more than just a psychological milestone — it could now act as a key resistance level. Whether the stock can hold near this price or push beyond it will be a major signal for traders heading into the next few sessions. If Bitmine Immersion stock consolidates above $90, it may indicate buyers are confident this level is sustainable. However, any sharp drop below that could trigger profit-taking and fast reversals. Traders are likely watching for signs of support and resistance around $90 and $97, with special attention to closing strength. Is this surge in Bitmine Immersion stock sustainable? Sustainability is the big question. A 63.93% single-session gain, especially one fueled by trading momentum and not breaking news, tends to raise eyebrows. While some might argue the volume validates the move, stocks that rise this fast often fall just as quickly. With the stock trading at new highs and volume still growing, volatility is almost guaranteed. Day traders may ride the wave, but longer-term investors should watch for signals of consolidation, or risk being caught in a correction if enthusiasm fades. What does Bitmine Immersion actually do? Bitmine is a micro-cap firm historically focused on Bitcoin and Ethereum mining using immersion cooling technology — a system that reduces heat in high-power servers. But with its new ETH treasury strategy, the company is pivoting into crypto asset management, a bold move that could redefine its business model. Despite fast growth, the company is not yet profitable, with recent filings showing a net margin of –78%. However, revenue growth is strong — estimated at +70% YoY and over 295% 3-year CAGR, highlighting the rapid expansion of its operations. Should you buy or beware? The bull case : Bitmine now offers a public equity path to ETH exposure , which may appeal to institutions and investors who want to gain crypto exposure without holding actual tokens. Tom Lee's involvement boosts credibility and long-term vision. Immersion cooling tech has real utility beyond crypto — in AI and data center applications. The bear case : The company remains highly speculative and unprofitable . Massive stock dilution from the private placement could pressure long-term value. Volatility is extreme — and history shows BMNR has suffered steep crashes before (–88% drawdown in 2022). What should investors watch in the next trading sessions? Going forward, investors will want to watch: Whether Bitmine holds above $90 at close How trading volume changes in the next 48 hours Any official updates or filings from Bitmine Immersion Technologies Broader market sentiment on tech and crypto mining stocks As of now, Bitmine Immersion stock has moved far outside its typical trading range, so each session will offer critical clues on whether the price surge was a one-time event or the beginning of a bigger trend. Today Bitmine Immersion stock (BMNR) Metric Value Stock Ticker BMNR Opening Price $57.28 Previous Close $58.50 Intraday High (as of 10:36 AM EDT) $97.00 Current Price (10:36 AM EDT) $97.00 (Up 63.93%) Price Gain +$38.50 Total Shares Traded Over 13 million Average Daily Volume Approx. 9.7 million New 52-Week High $97.00 Key Resistance Level $97.00 Support Level to Watch $90.00 Could Bitmine Immersion stock trigger wider sector movement? It's possible. When a stock like BMNR explodes this fast, it can draw attention to other small-cap tech or blockchain-related stocks. If momentum traders jump to similar names, ripple effects could hit the broader micro-cap space. Investors should monitor peers in the blockchain mining and tech infrastructure sectors. Bitmine Immersion stock's massive morning rally has set Wall Street buzzing. With more than 13 million shares traded and a price surge of over 60%, the stock has become one of the day's biggest movers. Whether this is the beginning of a longer rally or just a short-lived spike depends on upcoming price action, volume patterns, and any potential news from the company. For now, all eyes remain on BMNR and whether it can maintain its momentum in a highly volatile market. FAQs: Q1: Why is Bitmine Immersion stock up 60% today? Bitmine Immersion stock surged due to high trading volume and strong market interest. Q2: Will Bitmine Immersion stock keep rising? BMNR's future depends on holding above $90 and sustaining buyer momentum.
Barnama
05-06-2025
- Business
- Barnama
K Wave Media, Inc. (Nasdaq: KWM) ('K Wave' or the 'Company') Announces entering into a securities purchase agreement for $500 Million Equity Purchase Facility to Support Bitcoin Treasury Strategy
NEW YORK and SEOUL, South Korea, June 5 (Bernama) -- K Wave Media, Inc. (Nasdaq: KWM) ('K Wave' or the 'Company'), the first Korean media alliance listed on Nasdaq, announced today that it has entered into a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC, providing for the sale by the Company of up to $500 million of ordinary shares. Proceeds from the facility will be used to support the Company's Bitcoin-centric digital asset treasury strategy as well as for working capital and M&A activities, further expanding its content and K-POP related businesses. Under this initiative, K Wave will, subject to certain limitations, allocate a significant portion of the proceeds received from the sale of any shares under the facility to the purchasing, long-term holding, and yield optimization of Bitcoin (BTC) — positioning itself among the first publicly traded media companies to integrate BTC directly into its core treasury operations. In addition, the Company plans to operate Bitcoin Lightning Network nodes and invest in Bitcoin-native infrastructure to enhance decentralization and facilitate on-chain transaction rewards.
Business Mayor
23-05-2025
- Business
- Business Mayor
Bitcoin reaches new all-time high above $111,000 amid regulatory hopes
Bitcoin surged to an unprecedented high on Thursday, breaching the $111,000 mark for the first time as a confluence of factors, including growing institutional demand and positive regulatory signals from the US, fueled a wave of bullish sentiment across the cryptocurrency market. The world's original cryptocurrency climbed as much as 3.3% on Thursday to achieve a new record of $111,878, according to data compiled by Bloomberg. This landmark achievement was not isolated, as smaller tokens also caught the updraft; second-ranked Ether, for instance, was up approximately 5.5% at one point during the rally. A significant undercurrent of optimism is currently buoying Bitcoin. This has been notably stoked by the recent advancement of a key stablecoin bill in the US Senate, a development that has kindled hopes for greater regulatory clarity for digital-asset firms under President Donald Trump, who has expressed a generally pro-crypto stance. Alongside these regulatory tailwinds, surging demand from prominent institutional players is acting as a powerful driving force. Michael Saylor's MicroStrategy, which has famously stockpiled over $50 billion worth of Bitcoin, leads a growing cohort of entities actively accumulating the token. 'It has been a slow motion grind into new all-time highs,' observed Joshua Lim, global co-head of markets at FalconX Ltd. There's no shortage of demand for BTC from SPAC and PIPE deals, which is manifesting in the premium on Coinbase spot prices. This demand is being met by a diverse group of buyers, including a flurry of lesser-known small-cap companies and newly established public firms led by crypto industry heavyweights, who are financing their Bitcoin acquisitions through various means, from convertible bonds to preferred stocks. Illustrating this trend, an affiliate of Cantor Fitzgerald LP is reportedly collaborating with stablecoin issuer Tether Holdings SA and SoftBank Group to launch Twenty One Capital Inc., a company designed to emulate MicroStrategy's Bitcoin-centric business model. Separately, a subsidiary of Strive Enterprises Inc., co-founded by Vivek Ramaswamy, is in the process of merging with Nasdaq-listed Asset Entities Inc. to form a dedicated Bitcoin treasury company. Beyond momentum: quantifiable demand fuels rally Market experts emphasize that the current rally is not solely based on speculative momentum. 'Unlike previous cycles, this rally is not momentum-driven alone,' stated Julia Zhou, COO of crypto market maker Caladan. It is quantitatively underpinned by measurable, persistent demand and supply dislocations. This suggests a more fundamentally sound basis for the ongoing price appreciation. Interestingly, Bitcoin's outperformance relative to smaller cryptocurrencies, often referred to as altcoins, is widening. An index tracking these alternative tokens is down approximately 40% year-to-date, while Bitcoin itself has registered a 17% gain so far in 2025, highlighting a flight to perceived quality within the digital asset space. Activity in the options markets further underscores the bullish sentiment. Earlier this week, traders built significant Bitcoin positions, with call options at strike prices of $110,000, $120,000, and even an ambitious $300,000, all expiring on June 27, logging the highest open interest (number of outstanding contracts) on the derivatives exchange Deribit. This activity points to strong expectations of further upside. Tony Sycamore, a market analyst at IG, remarked in a note that the fresh record high demonstrates that Bitcoin's sharp decline from a previous peak set on January 20 (to below $75,000 in April) was merely 'a correction within a bull market.' He added, 'A sustained break above $110,000 is needed to trigger the next leg higher towards $125,000.' Political intersections and market perceptions Bitcoin's latest milestone coincides with President Trump preparing to meet with major holders of his memecoin at a dinner event at his golf club near Washington on Thursday. This event has drawn scrutiny from ethics experts, who argue it offers privileged access through transactions that directly benefit the president, thereby sparking criticism over potential conflicts of interest. While such events contribute to crypto's growing mainstream presence, their direct market impact is debated.
Malaysian Reserve
22-05-2025
- Business
- Malaysian Reserve
Jippi Unveils Interactive AR Bitcoin Learning Experience at Bitcoin 2025 in Las Vegas
Jippi partners with six leading Bitcoin Companies, sponsoring custom in-game 'Beasts' to captivate 30,000 attendees through gamified education and Bitcoin prizes. AUSTIN, Texas, May 22, 2025 /PRNewswire/ — Jippi, a pioneering mobile augmented reality (AR) game developer, is set to transform Bitcoin education with the launch of its flagship game at the Bitcoin Conference 2025, held at The Venetian Resort in Las Vegas from May 27-29. In collaboration with six leading Bitcoin companies—Bitcoin Well, Beyond The Checkout, Bitcoin Trading Cards, Geyser, SHAmory, and 21M Communications—Jippi introduces an innovative blend of outdoor adventure, Bitcoin rewards, and gamified financial education designed to captivate. At the Bitcoin Conference, Jippi's six partners have sponsored custom 'Bitcoin Beasts' tied to specific locations around The Venetian. Each sponsored Beast offers players exclusive rewards and trivia, transforming brand interactions into immersive, non-intrusive experiences. With an expected attendance of over 30,000 at the conference, sponsors gain unparalleled exposure to a tech-savvy, Bitcoin-centric audience. Players will be rewarded 1k sats for each catch, making the total reward for catching them all 6k sats. Jippi is redefining how young adults engage with Bitcoin by combining the thrill of location-based AR gameplay, reminiscent of Pokémon GO, with real-world Bitcoin rewards (sats) and bite-sized lessons on sound money principles. Players explore real-world locations to hunt digital creatures called Bitcoin Beasts, answering Bitcoin-related trivia to capture them and earn sats, the smallest unit of Bitcoin. The game's seamless integration of education and entertainment makes learning about Bitcoin fun, accessible, and rewarding. 'We're meeting Gen Z where they are—90% play mobile games, and 70% expect rewards for their time,' said Oliver Porter, Founder and CEO of Jippi. 'Jippi backdoors Bitcoin education through an immersive, reward-driven experience while offering our partners a unique branding opportunity. It's a win-win for players, sponsors, and the Bitcoin ecosystem.''Jippi's mission to gamify Bitcoin education is a game-changer for onboarding the next generation,' said Adam O'Brien, CEO of Bitcoin Well, a leading automatic self-custody Bitcoin platform and 'Beast' sponsor. 'Their AR game makes learning about Bitcoin intuitive and engaging, aligning perfectly with our vision of financial empowerment. From a branding perspective, partnering with Jippi to engage and acquire new customers is a no brainer' In March 2025, Jippi clinched the top prize in PlebLab's prestigious Top Builder competition, a three-month hackathon designed to spotlight innovative Bitcoin startups. Backed by over a year of development, on-site surveys, and university testing, Jippi is a leading innovator in the Bitcoin industry looking to onboard the next generation. Jippi invites brands, investors, and media to explore sponsorship and investment opportunities. Users can visit Jippi's Partnerships Page for sponsorship details or Jippi's Timestamp Page for investment inquiries. For media inquiries, users can contact Phil@ About Jippi Jippi is a mobile AR gaming company dedicated to making Bitcoin education accessible and engaging. By combining location-based gameplay with Bitcoin rewards and financial literacy, Jippi empowers the next generation to embrace sound money principles. Learn more at Bitcoin Beast Sponsors: Beast #1 – Bitcoin Well – All bitcoin bought at Bitcoin Well are delivered directly to your personal bitcoin wallet. Your Bitcoin Well account gives you the convenience of modern banking, with the benefits of bitcoin. Join the platform that enables independence at About Bitcoin Trading Cards Beast #2 – Bitcoin Trading Cards – Bitcoin Trading Cards is bringing bitcoin to the masses one pack at a time, making your bitcoin journey fun and exciting for everyone. About Beyond The Checkout Beast #3 – Beyond The Checkout – Beyond The Checkout transforms everyday products into Bitcoin-powered experiences — rewarding customers, collecting real-time insights, and redefining post-purchase engagement. About Geyser Beast #4 – Geyser – Geyser is a Bitcoin-native crowdfunding platform enabling grassroots projects to raise funds via Lightning, globally and permissionlessly. About SHAmory Beast #5 – SHAmory – We make Bitcoin fun for all ages! Explore our bitcoin games, books, and more today at About 21M Communications Beast #6 – 21 Communications helps Bitcoin companies get the media attention they deserve. As a Bitcoin-only PR Agency, 21M Comms believes Bitcoin is imperative and is committed to supporting the companies that are advancing the mission. About Bitcoin Conference 2025 The Bitcoin Conference is the world's largest gathering of Bitcoin enthusiasts, industry leaders, and innovators. Held annually, it showcases cutting-edge developments in the Bitcoin ecosystem. For more information, users can visit ContactFounder & CEOPhil21M Communicationsphil@ Photo –
