r/BMNRInvestors

I put $50k into this when it was at $40. Months later I checked and it’s down, but I’m not worried. I’ve been through the crypto cycle for 6–7 years, so I understand how volatility works. Long term, I believe this has massive upside potential.

I’ve been consistently buying 50 shares every two weeks, and I plan to keep accumulating. Maybe it makes me rich, maybe it doesn’t but it’s a risk I’m willing to take because I believe in the long-term thesis.

There’s been a lot of discussion about the share issue activity over the last week which funded the 101,000 ETH purchase.

What has to be considered is that while the mNAV might be at <1 at the closing bell, there has been some fairly large intraday changes - on the 17th we hit $24.11 for example.

The purchases of ETH are almost certainly triggered by specific price being hit. With the price of ETH and the estimated share count considered the mNAV could have been above 1 for these larger purchases.

With an ETH price of $2300, estimated outstanding shares at more than 566.5M and a share price of $24.11 the mNAV would have been 1.11….

There’s plenty of room to hit an accretive ETH purchase with these numbers. The fact that opportunities for buying at >1 have been more prevalent this week due to a degree of price recovery also explains the increased quantity of ETH purchased.

Let the ‘yeah but’s commence…

Hey guy, have you realized how MSTR is picking up on a way faster pace than BMNR ?

They are back with positive MNAV while BMNR lags bellow mnav which violates the mission to delute accretively

Blah blah TOM LEE, blah blah ponzi. Don't invest. It's going lower

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Exposure to OPEN AI is not a new concept in this community (or for ORBS investors) but it surprises me how little you hear about it. Calling this out on the back of a CNBC article this am "Retail traders can now get long OpenAI as Robinhood’s venture fund takes a stake" which is seeing a sizable pop in it's stock pre market. ORBS exposure to OPEN AI as a % of NAV is significantly higher vs RVI, for someone wanting OPEN AI exposure via a public vehicle. I don't know the math but you might argue BMNR is a better play than RVI, but certainly ORBS is... As an investor in BMNR/ORBS consider this my vent post. All comments/feedback on this dynamic, good and bad, are welcomed. Thx.

Ethereum may be one of the most underappreciated assets.

In this conversation, Michael McGuiness and Vivek Raman lay out the case for ETH as “productive money”, a monetary asset with the store-of-value properties of gold and Bitcoin, plus the ability to compound through network activity.

Unpack the $250K ETH thesis, why traditional DCF models miss the bigger picture, and why Ethereum’s role as the settlement layer for a tokenized economy could unlock massive monetary premium.

• 101,627 ETH acquired over the past week. The 6-figure acquisition is a clear sign of confidence that BMNR believes ETH is at or near the bottom.
• Bitmine has jumped to the 80th most traded stock in the US, trading $1.2 billion per day (5-day avg). It ranked 117th the week prior to last week.
• "We see growing signs that the 'mini-crypto' winter is coming to an end."
• Bitmine has 3,334,637 staked ETH, representing $7.7 billion at $2,301 per ETH

https://preview.redd.it/v4lb60auccwg1.png?width=350&format=png&auto=webp&s=c96d5576c44a0d259171bb363d844b2afe387a32

"Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the 'mini-crypto winter.' In the past week, we acquired 101,627 ETH, which is the highest pace of buys since the week of December 15, 2025,"

"Bitmine now owns more than 4% of the total ETH coin supply of 120.7 million

Bitmine is 82% of the way to the 'Alchemy of 5%' in just 9 months

Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the
blockchain and from agentic AI systems increasingly needing public and neutral blockchains

Bitmine uplisted to the New York Stock Exchange ("NYSE") from the NYSE American effective as of April 9, 2026

MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors, with a focus on security, performance, and
resilience

https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-976-million-tokens-and-total-crypto-and-total-cash-holdings-of-12-9-billion-302746944.html

"When I ask if a show is “successful”, I can mean either popular in general or very profitable. The bad news for Beast Games? It’s neither. And I think it’s worth diving into the data now that that show has ended its run to really cement how poorly its sophomore outing fared. Even more so because I don’t think I’ve read anyone else making this case! And the data—across at least five data sources—is incontrovertible at this point."

Beast Games, the high-profile game show from YouTube sensation Mr. Beast that reportedly took $150 million to produce its second season, is by all available metrics and estimates a bona fide flop. While there are several ways to gauge the success of a streaming program, all the metrics look pretty bad for Beast Games’ second season. On the Nielsen chart, the second season of Beast Games made it into the top 10 in only its first week (with just sevem million hours streamed) and then never again; the first season made it into that chart’s top 10 for seven weeks. According to Samba TV, the second’s season’s sole week on the chart makes it part of the 293rd out of 320 shows to make the chart. According to Luminate, season two’s one week on the top 10 chart was good for just 5.9 million hours viewed, but that the fall-off was swift, with the show falling to three million viewing hours and staying a little under that number for several weeks, a sign that viewership was about half of season one.

(Also what happened to the earnings call and chairman's message -- are those not happening anymore?)

You can tell he’s putting a lot of work and research into his analysis! Worth a watch to get a better understanding of current state of the company, than just „tom lee is a scammer and issues under MNAV…“

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If you’re looking at the stock price and ETH price every single day, and constantly upset at the movement or lack of movement of these assets day to day, you probably shouldn’t be invested in it.

The company has been around for a year, and it’s a treasury company primarily investing into the development and adoption of Ethereum which is part of a totally new asset class. It’s going to take some time.

The constant fear, stress and panic whenever BMNR doesn’t move, is getting old.

It is kind of crazy to see how quickly they dilute to under 1mnav. I wish Tom would try and keep 1mnav base and try and play between 1.10 and 1mnav dilution. This has been an easy short at beginning of day when eth spikes for the last 2 months. I am still bullish overall but it does suck to see potential gains taken from shareholders daily. This may be a stupid observation.