Invest ideasNews
7 Jun 2026, 17:22
Bitmine Plans 9.5% Preferred Stock Plan to Fuel Its Ethereum Buying Spree
Ethereum treasury company Bitmine has filed to launch a public offering of 3 million shares of its 9.50% Series A Perpetual Preferred Stock. The proceeds are expected to support a range of corporate and Ethereum-focused initiatives. Bitmine’s New Offering According to the company’s filing with the Securities and Exchange Commission (SEC), the net funds raised may be used for general corporate purposes, including the acquisition of additional ETH and other digital assets, the expansion of its staking and validator infrastructure through its MAVAN platform, working capital requirements, strategic investments tied to the Ethereum ecosystem and broader digital asset adoption, and potential repurchases of its common stock under an existing buyback program. The preferred shares will carry cumulative dividends at a fixed annual rate of 9.50% based on a stated value of $100 per share. The dividends are payable in cash when declared by the company’s board. If any declared dividend is not paid on schedule, additional compounded dividends will accrue weekly, and the applicable rate will gradually increase up to a maximum of 15% per year until the outstanding amount is fully settled. Bitmine has applied to list the new preferred shares on the New York Stock Exchange under the ticker symbol “BMNP,” and trading is expected to begin within 30 days of the initial issuance if the listing receives approval. Interestingly, Bitmine’s application is based on a model similar to Saylor-led Strategy’s STRC perpetual preferred stock, which pays an 11.5% dividend. STRC has attracted investors looking for monthly income while gaining indirect exposure to Bitcoin. After raising around $2.52 billion through its initial public offering in July 2025, the program expanded through follow-on issuances. The total notional amount of STRC is approximately $10.5 billion. Aggressive ETH Accumulation With its Ethereum holdings rising to 5.42 million ETH, Bitmine said it has reached roughly 90% of its target to own 5% of all ETH. The company also said 4.72 million ETH are staked, with a portion of those assets secured through its MAVAN staking platform. As one of the sector’s most active buyers, Bitmine has built the largest ETH treasury and the second-largest overall crypto treasury after Strategy. The sharp drop in Ethereum, which is down more than 45% year to date, has created significant challenges for Ethereum treasury companies. Recent data estimates indicate that Bitmine is carrying unrealized losses of more than $10 billion. Even so, Chairman and Fundstrat co-founder Tom Lee remains optimistic on Ethereum, as he predicted the end of the bull market and the beginning of crypto spring. The post Bitmine Plans 9.5% Preferred Stock Plan to Fuel Its Ethereum Buying Spree appeared first on CryptoPotato .
7 Jun 2026, 16:32
CLARITY Act enters a key Senate phase as Bitcoin sees a 1.4 percent jump! What are investors watching now?
🚨 The CLARITY Act is moving ahead in the Senate as $BTC climbs 1.4 percent to $61,750. 📈 Debate over digital asset regulation in the U.S. is intensifying with big names involved. 🧑💼 Major leaders like Dimon and Lummis clash over how new rules could reshape the market. 📊 Investors are keeping a close eye on critical price zones and regulatory decisions. Continue Reading: CLARITY Act enters a key Senate phase as Bitcoin sees a 1.4 percent jump! What are investors watching now? The post CLARITY Act enters a key Senate phase as Bitcoin sees a 1.4 percent jump! What are investors watching now? appeared first on COINTURK NEWS .
7 Jun 2026, 14:00
Bitcoin’s Worst Week Since FTX Raises The Question: Is The Bottom Already In?
Bitcoin closed the week of June 5, 2026 down by almost 20%, its highest single-week percentage decline since the collapse of FTX in November 2022. The last time the market saw a candle this red, it was during the cycle bottom. This time, however, the current setup is more complicated, as Bitcoin is reacting to a combination of institutional selling pressure, ETF weakness, and fading confidence after a failed recovery attempt above $82,000. Related Reading: XRP Monthly RSI Drops To All-Time Low As Market Watches For Confirmation Bitcoin’s Drop Brings Back The FTX Comparison Bitcoin’s price action in the first week of June was one of its most notable weeks in history. BTC opened the week around $73,760, briefly pushed as high as $74,092, and then fell to a low of about $59,130, according to data from TradingView. The move translates to a decline of about 19.5% from the weekly open to the low and 20.1% from the high to the low, making it Bitcoin’s worst weekly percentage drop since the FTX crash in 2022, when the price fell by roughly 22% in a single week. However, there is also a note about where the candle is showing up in the market structure. During the FTX collapse, the violent weekly move came after months of selling pressure and ended up happening close to the final bear-market bottom. The current decline is also appearing after Bitcoin has already lost a major portion of its value from the October 2025 all-time high above $126,000. Bitcoin Price Chart. At the time of writing, Bitcoin is trading at $62,150, placing it about 50.7% below that peak. The similarity does not guarantee that the market has reached a bottom, but it does raise the possibility that the latest weekly price crash is moving into the kind of final-washout zone that followed FTX’s crash. That angle is being overlooked by many analysts, especially as several forecasts still point to a prolonged bear market that could stretch into at least Q4 2026 Bitcoin Enters Extreme Undervaluation Crypto analyst Darkfost noted that Bitcoin has now fallen below the 4% quantile on the Bitcoin Porkopolis Power Law Quantile Regression model. The chart places Bitcoin’s current quantile around 3.9%, meaning the asset is trading in a zone that has appeared during less than 4% of its historical price action relative to its long-term growth curve. The Power Law model is a long-term valuation model that can also be used for a reversal signal. Every prior instance in which the quantile oscillator reached this level, visible in the chart across 2015, 2018/2019, and the 2022 bottom, preceded notable multi-year recoveries. Bitcoin Power Law Regression. Source: @Darkfost_Coc On X Related Reading: Bitcoin Price Plunges To $59K, Sparking Fears Of Deeper Decline Bitcoin can stay undervalued for longer than traders expect, especially if the momentum is weak and there’s forced selling. Still, the metric does show that Bitcoin is now much closer to the lower regression bands than the overheated upper bands in previous cycle peaks. Featured image from Pexels, chart from TradingView
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, 01:10
6 Senators Challenge 1,250% Bitcoin Capital Rule They Say Blocks Banks From Crypto
A growing dispute in Washington over bank capital requirements could have major implications for institutional bitcoin adoption. Senators are challenging a 1,250% risk weight that they argue makes holding BTC prohibitively expensive for regulated banks. Senate Pressure Builds Over Bank Rules That Could Shape Bitcoin Access U.S. senators disclosed on June 4 a renewed push
7 Jun 2026, 00:04
US targets 1 million BTC in new reserve bill! What do the stringent holding rules mean for the crypto market?
🚨 The US targets a massive 1 million $BTC for its new Strategic Bitcoin Reserve. 🔥 The draft law requires all reserve Bitcoin to be locked away for at least 20 years with strict security. 🧐 For five years, the Treasury could buy up to 200,000 Bitcoin annually and states can hold their own reserves. 💡 This plan could reshape the global role of Bitcoin in US financial security. Continue Reading: US targets 1 million BTC in new reserve bill! What do the stringent holding rules mean for the crypto market? The post US targets 1 million BTC in new reserve bill! What do the stringent holding rules mean for the crypto market? appeared first on COINTURK NEWS .
