On February 13, despite the recent overall pressure on crypto assets, BMNR’s stock price experienced an opposite rebound. According to public disclosures, global asset management giant BlackRock increased its stake in BitMine by 165.6%, a move that quickly boosted market sentiment. Following the announcement, BMNR rose nearly 2% in trading that day, becoming one of the few blockchain-related concept stocks to strengthen.
Market analysts believe that BlackRock’s increased investment is not a short-term gamble but a recognition of BitMine’s long-term strategy. Although the company still has approximately $8 billion in unrealized paper losses, it has continued to buy assets during the sharp decline in Ethereum prices and has improved capital efficiency through staking. Earlier this week, BitMine invested about $84 million to further increase its Ethereum holdings, demonstrating a firm belief in its medium- to long-term value.
Company Chairman Tom Lee defended the current paper losses, stating that the core of the investment is not about precise bottom-fishing but about capturing structural opportunities. He pointed out that recent market volatility partly stems from the dramatic fluctuations in gold prices, and this cross-asset linkage has affected risk appetite, bringing new valuation elasticity to BMNR.
In addition to asset allocation strategies, BitMine is also targeting younger user groups. The company recently partnered with well-known content creator MrBeast, aiming to reach Generation Z and Alpha through his influence. Tom Lee believes that each generation will have its own “financial entry point,” and MrBeast could become a key figure for this generation. BitMine hopes to leverage this to enter digital asset education and application scenarios, creating new growth opportunities for BMNR.
Although BMNR has still declined about 10% this month, BlackRock’s increased holdings, Ethereum strategic reserves, and focus on younger demographics are reshaping market expectations for this Ethereum treasury company. Future stock performance will likely depend more on the crypto cycle and the speed of its new business implementation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Will USDT stablecoin surpass BTC and ETH? Mike McGlone makes a disruptive prediction: digital dollar becoming the new core
On February 13, Bloomberg Industry Research Analyst Mike McGlone stated that USDT stablecoin may surpass Bitcoin and Ethereum in market capitalization and influence in the future, becoming the new dominant force in the crypto market. This view is not based on short-term price fluctuations but stems from long-term observations of global capital structures, liquidity needs, and digital financial trends.
McGlone believes that as market participants place greater emphasis on security, stability, and cross-border efficiency, dollar-pegged stable assets are gaining unprecedented appeal. USDT does not rely on price appreciation to demonstrate its value; its core advantages lie in usage and liquidity: traders move funds into USDT during market volatility, institutions use it as a settlement and hedging tool, and cross-border users see it as a digital alternative to the US dollar.
GateNewsBot6m ago
Mike McGlone Says USDT Stablecoin Could Become Larger Than Bitcoin And Ethereum
The cryptocurrency market never stands still. Every cycle brings new leaders, fresh narratives, and unexpected shifts in power. Now, a bold forecast has reignited debate across the industry. Bloomberg Intelligence analyst Mike McGlone believes the USDT stablecoin could eventually surpass both
Coinfomania37m ago
‘Extreme Fear’ at 5: $3B Options Expiry Meets US CPI as Strategy Buys Dip, BitMine Accumulates 4.3M ETH
Crypto markets are bracing for a volatility double-header on February 13, 2026, as \$3 billion in Bitcoin and Ethereum options expire alongside the US CPI inflation print. The Crypto Fear & Greed Index has plunged to 5—its lowest reading since the 2022 bear market—signaling capitulation-level sentiment.
Yet beneath the panic, a divergence is unfolding: Strategy (formerly MicroStrategy) added \$90 million in Bitcoin while BitMine expanded its Ethereum treasury to 4.3 million ETH, now
CryptopulseElite39m ago
Vitalik Buterin: Ethereum acts as the settlement layer for AI, but there are significant risks behind it
Vitalik Buterin has just announced a new research proposal, but instead of addressing the most frequently asked question — whether blockchains can run AI models directly — this approach takes a different direction.
The research paper suggests that Ethereum could become a layer for payments and decision-making.
TapChiBitcoin1h ago
Ethzilla Launches First Tokenized Aviation Asset on Ethereum
ETHZilla has launched the Eurus Aero Token I on the Ethereum blockchain, enabling fractional ownership of two Boeing 737-800 aircraft engines. This innovation allows smaller investors to earn lease income through blockchain technology, enhancing transparency and efficiency in aviation leasing.
Coinfomania1h ago
"Maqi" Ethereum long positions are down to only 261 ETH, with a loss of over $760,000 in the past week.
According to HyperInsight monitoring, Brother Ma Ji Huang Licheng reduced his Ethereum long position 15 hours ago. He now holds only 261 ETH, with an unrealized loss of $12,000. Over the past week, the total loss has reached $761,400, with total losses exceeding $25,920,000.
GateNewsBot2h ago
