BitMine Immersion Technologies announced it now holds 5,620,754 Ethereum tokens, representing 4.66% of the total 120.7 million ETH supply, moving closer to its 5% target. The company has staked 4.72 million ETH, generating projected annual staking revenue of about $219 million, supporting dividends on its newly issued preferred stock. BitMine also reported total crypto and related holdings worth $10.4 billion, including Bitcoin, cash, and stakes in other companies. Despite these developments, BitMine's common stock (BMNR) showed little price movement, while the new preferred shares (BMNP) are set to begin trading soon with a declared weekly dividend. Investors will watch if BitMine can continue growing its ETH holdings per share while maintaining dividend payments.
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 23.4% increase in second-quarter profit from the previous quarter, surpassing analyst estimates. The company's net income reached NT$706.56 billion ($39.45 billion), a record high for the f...
National Beverage faces stagnant growth as LaCroix volumes have declined for four straight years, reducing brand excitement. The stock trades at reasonable multiples reflecting muted growth and no clear catalysts for upside. Despite stable gross marg...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
