Invest ideasNews
7 Jun 2026, 12:00
Bitmine Immersion Launches Preferred Shares
Summary BMNR is launching a $300 million, 9.50% Series A Perpetual Preferred Stock to raise capital without further diluting common shareholders. Staking revenues exceeded $10 million last quarter and could approach $300 million annually when Ethereum accumulation is complete. BMNR likely trades at a discount to its asset value, and preferred equity issuance introduces new risks similar to those seen with Strategy (MSTR). Over the past couple of years, there has been an increasing trend of companies deciding to hold cryptocurrencies. Some of them have made this space their actual business, such as Bitmine Immersion Technologies ( BMNR ). The company that's looking to own 5% of Ethereum has branched out into other investments as well but is primarily focused on this one particular crypto. On Wednesday, the company announced it would launch a new preferred equity class (BMNP), allowing it to raise even more capital. Previous Coverage of the Name The last time I took a look at Bitmine was back in January, right after the company had announced a new stake in Beast Industries. Management had been looking at ways to branch out and build out a portfolio of investments, so it took a $200 million stake in the YouTube creator's company. As Bitmine has continued to build its Ethereum stake since, the recent fall in cryptocurrency prices has taken a toll on shares. Since that January article, the stock is down more than 41%, while the S&P is up more than 10%. A New Way to Raise Capital To fund its Ethereum purchases, Bitmine has primarily relied on sales of its common stock. As of July 1st, 2025, there were only about 4.3 million shares outstanding. However, based on information from the latest 10-Q filing , that number was up to more than 537 million as of mid-April 2026. That number could be even higher given any further equity sales to facilitate Ethereum purchases. As of that 10-Q filing, there was still around $5.5 billion worth of stock that could be sold under its at-the-market sales program. Last year, we saw fellow crypto holding company Strategy ( MSTR ) issue multiple preferred share classes as a way to raise new capital. The company has raised well over $15 billion since, but that's also put Strategy on the hook for nearly $1.7 billion in annual payments to those preferred holders. Recently, Strategy sold a very small amount of Bitcoin to help with some of those payments, and that's resulted in crypto prices tumbling this week. Wednesday's news was that Bitmine Immersion has decided to follow in those footsteps, launching BMNR's 9.50% Series A Perpetual Preferred Stock (BMNP). This preferred class is targeted for weekly dividend payments, although those interested should read the prospectus for a full detail of what's happening with those payouts. It's also important to point out that for strategy, its preferred "dividends" were actually treated as "returns of capital" for tax purposes, so interested investors should be aware of those potential tax consequences. Earlier this week, Bitmine put out its usual weekly update that detailed its Ethereum holdings were over 5.4 million. The company is about 90% of the way through its goal to own 5% of the cryptocurrency, a point that is expected to be hit sometime this year. This new preferred class allows a fresh injection of capital without diluting common holders further, but it does come with an extra cost over time. Bitmine also has a share repurchase plan in place, should it choose to use some of its available cash to buy back its common shares. Unlike Strategy, which doesn't gain anything tangible just from holding Bitcoin, Bitmine does generate some revenue from staking its Ethereum holdings. Staking revenues were over $10 million in the February-ending quarter, and that number could grow to almost $300 million a year when the full staking process is complete. Bitmine did report an operating loss of over $3.84 billion in its latest quarter, primarily due to write-downs of its crypto holdings. The Current Valuation Picture Based on the share count from the 10-Q and Wednesday's closing price, Bitmine had a market cap of a little more than $9 billion. However, given where crypto prices were trading at 11:45 PM that night, the company had a total cash and investments pile of roughly $10.35 billion when you throw in its Bitcoin holdings as well as its Beast and Eightco Holdings ( ORBS ) stakes. Of course, if the company has sold more shares since the 10-Q filing, the market cap could be closer to the actual asset value here. If we assume that the current discount is correct, however, it has grown about half a billion dollars since my previous article. That's not uncommon in this space, however, given the rise in skepticism over this business strategy, as we've seen Strategy trade at a discount to its holdings at times. However, for times last year when I first was looking at Bitmine, it appeared that the name was trading at a sizable premium to its holdings. Final Thoughts and Recommendation Bitmine Immersion announced some interesting news on Wednesday when it filed for an offering of preferred shares, which it used to bring in nearly $275 million in cash. Like we saw with Strategy, this is a way to bring in cash without further diluting common shareholders, but it does have an annual cost. For now, the annual payments required are a sizable portion of the staking revenues that Bitmine is generating. Interestingly enough, Bitmine has both an at-the-market equity sales program and a share repurchase plan active. Thus, the company has several options here for this new capital, and it's almost to its 5% Ethereum ownership goal. I'm continuing to rate this stock as a hold here today. As I've said multiple times previously and with others like Strategy, your view of the stock here depends on how you view the crypto space. If you are a long-term believer that the prices of Ethereum, Bitcoin, etc., will soar, then this is a name you may want to be in, although you might be better off just buying an ETF focused on a specific cryptocurrency. Lately, Strategy investors have gotten worried over the amount of preferred dividend payments, so Bitmine's entrance into the preferred equity space does add another potential risk to the stock.
7 Jun 2026, 12:00
Bitcoin Reaches Deep Undervaluation Zone – Time To Get In?
Bitcoin’s recent correction continues to shake market confidence, with the premier cryptocurrency enduring an intense selling pressure over the past several weeks. Since May 15, Bitcoin has steadily declined by 26.8%, with price now trading around the cycle bottom at $60,000. Despite the ongoing market weakness, it appears the latest decline may have pushed Bitcoin into one of its most attractive accumulation zones in years. Power Law Model Produces Rare Bitcoin Undervaluation In a recent post on X, popular market analyst Darkfost highlighted a significant development in Bitcoin’s long-term valuation metrics. According to the analyst, the digital asset has now fallen into an extreme undervaluation zone based on the widely followed Bitcoin Power Law model. For context, the Power Law model is a long-term valuation framework that tracks Bitcoin’s growth trajectory. Rather than focusing on short-term price movements, the model attempts to measure whether Bitcoin is trading above or below its historical trend line. Bitcoin has just fallen to an extreme regression level based on the Power Law model. By dropping below the 4% quantile, Bitcoin has entered a zone of extreme undervaluation. To put this into perspective, Bitcoin has spent less than 4% of its entire history trading at… pic.twitter.com/Mukd2wH0pD — Darkfost (@Darkfost_Coc) June 6, 2026 Notably, Darkfost reports that Bitcoin has now dropped below the model’s 4% quantile, i.e., the asset is trading at a valuation lower than approximately 96% of its historical observations relative to its long-term growth path. Historically, these periods below the 4% quantile level have been associated with deep market pessimism and heightened investor uncertainty. Historical Trends Suggest Accumulation Opportunity According to Darkfost, periods of extreme undervaluation represent phases when investors should gradually increase exposure rather than reduce it. This observation is rooted in historical market behavior, where Bitcoin tends to rebound after reaching these undervaluation levels, as seen in 2016, 2020, and 2022.However, it’s worth noting that the Power Law signal should not be interpreted as an indication of an immediate market reversal. Instead, the Power Law model is designed to assess long-term valuation conditions rather than short-term price direction. As a result, investors are encouraged to view it through a broader investment horizon and deploy their positions carefully. At the time of writing, Bitcoin is valued at $61,592, following a slight 1.95% gain in the last 24 hours. Meanwhile, the daily trading volume is down 56.14% to $31.21 billion. According to Coincodex analysts, the Fear & Greed Index stands at 12, indicating market carnage with extreme fear and a dominant bearish sentiment. However, Coincodex analysts predict the market should rebound soon, with a projection of $69,489 next month.
7 Jun 2026, 12:00
US Court Lifts Circle Freeze on Zama's $12.5M cUSDC Contract
A U.S. federal court in California reversed the temporary restraining order that froze Zama's cUSDC contract on June 1, 2026, restoring approximately $12.5 million in USDC to all depositors. The freeze, executed by Circle under an ex parte court order in a separate civil case, had locked uninvolved users for three days.
7 Jun 2026, 11:38
Solana price crashes to $61 with 50 million dollar liquidation risk! What are the drivers investors need to watch?
🚨 Solana plunged to $61 as over 50 million dollars in $SOL longs faced liquidation. 💼 Institutional outflows and massive fund losses have ignited heavy selling pressure. 📉 Even the ETF scene has shifted from strong inflows to net outflows in $SOL. Continue Reading: Solana price crashes to $61 with 50 million dollar liquidation risk! What are the drivers investors need to watch? The post Solana price crashes to $61 with 50 million dollar liquidation risk! What are the drivers investors need to watch? appeared first on COINTURK NEWS .
7 Jun 2026, 11:28
XRP Ledger sees daily active users soar past 215k! What does this mean for the price outlook?
🚀 XRP Ledger daily active users have surpassed 215,000 for the first time since March. 📊 This surge comes even as $XRP price remains weak and under selling pressure. 💡 Market watchers are eyeing the strong network fundamentals for future price signals. Continue Reading: XRP Ledger sees daily active users soar past 215k! What does this mean for the price outlook? The post XRP Ledger sees daily active users soar past 215k! What does this mean for the price outlook? appeared first on COINTURK NEWS .
7 Jun 2026, 11:24
CPI on June 10 and the FOMC on June 17, Bitcoin’s Next Big Move Will Be Decided in the Next 7 Days
The two macro events that will define Bitcoin’s second-half trajectory land within seven days of each other: May CPI on June 10 and the FOMC dot plot on June 17. April’s headline CPI already came in at 3.8% year over year, the highest reading since May 2023, and the market has not fully priced what a second consecutive hot print does to the Federal Reserve’s projected rate path. That mispricing is where the ±10% Bitcoin move lives. Bitcoin (BTC) 24h 7d 30d 1y All time The transmission mechanism is not complicated, but it is precise. CPI feeds directly into dot plot expectations, dot plot expectations move real yields, real yields move the DXY, and DXY moves Bitcoin. Those four links in the chain are all live simultaneously in the June 10–17 window, and they are not pointing in the same direction right now. Discover: The Best Crypto to Diversify Your Portfolio How CPI Prints and FOMC Transmits Into Bitcoin Through the DXY Channel The CPI transmission works through 3 channels simultaneously. First, headline inflation shifts market pricing on the number of Fed cuts embedded in the forward curve. Second, that repricing moves nominal Treasury yields. Third, the yield differential between U.S. assets and the rest of the world adjusts the DXY, and Bitcoin, priced in dollars and correlated to global liquidity, responds inversely. Scenario one: a hot print above 3.6% YoY. That is not a statistical outlier, given April’s 3.8% reading and PPI already running 6.0% year over year, the largest single-month advance since March 2022. A second consecutive hot CPI eliminates the probability of any 2026 rate cuts from consensus pricing, pushes the DXY toward 107, compresses global liquidity, and hands Bitcoin a direct test of the mid-$60,000s. The Kraken economic brief frames it precisely: “A stronger-than-expected read could reduce implied odds of rate cuts later in 2026.” Looking at the calendar for this week and macro feels like a total mess with CPI and the fed decision dropping back-to-back. if inflation comes in hot, btc is probably going to get crushed, but a cool reading could finally trigger that breakout. honestly, trying to position for… pic.twitter.com/mDqgjVTVQP — grumpykid (@_brownish6) June 4, 2026 Scenario two: an in-line print between 3.3% and 3.6%. The dot plot becomes the deciding event. If the median dot for 2026 shifts from two cuts to one, DXY holds its range and Bitcoin trades sideways into the FOMC statement. No resolution, elevated volatility, and a market that waits for June 17 to provide the verdict. Scenario three: a cool miss below 3.0%. Core CPI is currently at 2.8% YoY, and the Fed weights it more heavily than the headline in policy deliberations. A downside surprise on both measures reprices the dot plot toward three 2026 cuts, sends DXY toward 99, and triggers the risk-asset re-rating that Bitcoin bulls have been waiting for since April. The Fed’s own framing, per the Kraken brief, is unambiguous: “Fed officials have framed the labor market and inflation as the two conditions determining the timing of any rate adjustment.” May NFP on June 5 arrives first, with April already showing a modest 115,000 nonfarm payrolls and unemployment holding at 4.3%. That labor data feeds the same dot-plot calculus. Each release in this fortnight is not independent – it is sequentially dependent. As Kraken’s brief puts it: “From NFP on Friday through CPI on the 10th, PPI on the 11th, and the FOMC on the 17th, this fortnight has a clear macro sequencing logic. Each data release feeds the next.” Bitcoin’s Chart Entering the Gauntlet: The Levels That Decide the 2026 Story Bitcoin is not immune to macro volatility, and the prior session’s rapid erasure of geopolitical premiums proved it. 2 numbers define the technical structure heading into June. $68,000 resistance and $63,500 support. A weekly close above $68,000 on accelerating volume shifts the chart from consolidation to breakout. A daily close below $62,500 opens $60,000, where the next significant demand shelf sits. The short-term holder realized price is clustered near $65,000, the cost basis for wallets that acquired BTC within the last 155 days. Source: BTCUSD / Tradingview That level is not coincidental. It is the zone where the bull case and bear case are currently sharing the same address. Daily RSI is mid-range, neither overbought nor oversold. Funding rates are positive but not elevated, meaning the next macro catalyst lands into a market that is directionally exposed without being obviously overleveraged. The weekly chart is coiling. Lower highs since the April peak. Higher lows from the May flush. That compression does not hold through 2 inflation reports and an FOMC dot plot update. The June 10 to 17 window determines which way it resolves. Volatility is coming. The only open question is the direction. Discover: The Best Token Presales The post CPI on June 10 and the FOMC on June 17, Bitcoin’s Next Big Move Will Be Decided in the Next 7 Days appeared first on Cryptonews .
