BitMine Immersion Technologies (NYSE:BMNR) surged 9% after acquiring 50,928 Ethereum (CRYPTO: ETH) lifting total holdings to 4.47 million ETH valued at $8.8 billion as Chairman Tom Lee called the pullback “attractive.”

The 50K ETH Purchase

BitMine’s acquisition means the company now owns 3.71% of the total ETH supply, over 74% of the way to its “Alchemy of 5%” target in just eight months.

Lee defended the aggressive accumulation as geopolitical uncertainty rose. “We continue to steadily acquire ETH and optimize the yield on our ETH holdings,” Lee said. “We view this pullback as attractive, given the strengthening fundamentals. 

The price of ETH is not reflective of the high…

Read more on Benzinga

Bitmine Immersion Technologies Inc (NYSE:BMNR) shares are trading higher Monday morning as investors respond to Ethereum’s (CRYPTO: ETH) move higher and the company’s growing crypto treasury. Here’s what investors need to know.

Ethereum Rally Lifts Crypto Treasury Stocks

Ethereum jumped about 6% Monday morning, trading near $2,060. The token had been range-bound earlier before buyers pushed it back above $2,000, lifting sentiment across Ethereum-linked stocks.

Bitmine said on Monday that its combined crypto, cash and “moonshot” investments now total about $9.9 billion, including 4.474 million ETH tokens, 195 Bitcoin (CRYPTO: BTC) and $868 million in cash.

As of March 1, roughly 3.04…

Read more on Benzinga

Strategy (NASDAQ:MSTR) announced it purchased 3,015 Bitcoin (CRYPTO: BTC) for $204 million at $67,700 per coin.

The 101st Bitcoin Purchase

Strategy funded the acquisition through $229.9 million in common stock sales and $7.1 million in STRC preferred stock proceeds.

The company now holds 720,737 BTC acquired for roughly $54.77 billion at an average price of $75,985 per coin.

With Bitcoin trading at $66,000, Strategy’s treasury carries roughly $7 billion in unrealized losses. 

The average cost basis sits $10,000 above current prices, a gap that has weighed on MSTR shares throughout the eight-month decline.

Meanwhile, Strategy raised the STRC dividend by 25 basis points to 11.50% on Saturday.

Benzinga

High Roller Technologies Inc (AMEX:ROLR) isn’t rushing into crypto partnerships. It’s laying groundwork.

With U.S. prediction markets already operating at a multi-billion-dollar annual scale and increasingly positioned at the intersection of finance, technology, and information, the category is beginning to resemble emerging market infrastructure rather than niche speculation.

In an exclusive email interview with Benzinga, CEO Seth Young described the agreement with Crypto.com as deliberate, strategic and foundational.

‘Sequencing Matters’ In Crypto Expansion

“We see this as a foundational partnership that enables our entry into the space,” Young said. “We’re fully committed to bringing…

Read more on Benzinga

Shiba Inu (CRYPTO: SHIB) has slipped to the 27th spot by market cap after falling 22% over the past month, but recent on-chain signals suggest bulls may be stepping in near key support.

CryptocurrencyTickerPriceMarket Cap7-Day TrendShiba Inu(CRYPTO: SHIB)$0.055467$3.2 billion-12.2%Dogecoin(CRYPTO: DOGE)$0.09142$15.4 billion-6.2%Pepe(CRYPTO: PEPE)$0.053453  $1.4 billion-17.6%

Trader Notes: Crypto chart analyst Ali Martinez said SHIB appears to be building momentum and could be entering an acceleration phase. He identified $0.00003245 as a potential upside target if bullish structure confirms and buyers maintain control.

Statistics: Data from Coinglass show Shiba Inu’s open interest has…

Read more on Benzinga

Iran’s national security secretary Ali Larijani on Monday declared the Islamic Republic “will not negotiate with the United States” as Bitcoin (CRYPTO: BTC) as Bitcoin’s “digital gold” narrative is once again put to the test.

The Diplomatic Door Slams Shut

Larijani dismissed Wall Street Journal reports that Tehran sought dialogue through Omani mediators. 

The statement carries extraordinary weight—Larijani is an influential voice following the killing of Ayatollah Ali Khamenei in joint U.S.-Israeli strikes.

The hardened stance eliminates the near-term de-escalation trade. When Khamenei’s death was confirmed, markets briefly rallied on hopes Iran’s leadership vacuum might…

Read more on Benzinga