Step right up, folks! BMNR stock is doing the cha-cha backward after another crypto crash, while BitMine stacks Ethereum like it’s begetting a new religion of liquidity. It’s a real vaudeville of volatility-with more punchlines than a hedge fund conference.
$12.8 billion in total crypto + “moonshots”:
– 4,243,338 ETH at $2,839 (@coinbase)
– $200 mllion stake in Beast Industries @MrBeast
– $19 million stake in Eightco Holdings (NASDAQ: $ORBS)…
– Bitmine (NYSE-BMNR) $ETH (@BitMNR) January 26, 2026
BitMine, unlike Michael Saylor’s Strategy, has no debt and has over $682 million in cash and short-term investments. Most importantly, it has started staking its Ethereum holdings, a move that will generate over $500 million in annual revenue as long as the staking yield remains above 2.5%.
The main risk the BitMine stock faces is that Ethereum price continues to drop and has formed a risky pattern pointing to more downside in the near term. The chart below shows ETH price has formed a bearish flag pattern and has remained below all the moving averages and the Supertrend indicator.
These patterns, along with ongoing ETH ETF outflows, suggest the coin will continue falling, potentially to the key support level at $2,500.
The ongoing Ethereum price crash will affect the value of its holdings in the near term. However, the only benefit is that Tom Lee believes the long-term ETH forecast is bullish and that it will hit $7,500. If this view is accurate, it means that the falling dollar cost averaging will be beneficial for the company in the long term.
BMNR stock price technical analysis
The daily timeframe chart shows that the BMNR stock price has remained under pressure in the past few months. It formed a symmetrical triangle pattern and has now moved below its lower side and the 78.6% Fibonacci Retracement level.
The stock remains below the 50-day and 100-day Exponential Moving Averages. Therefore, the most likely scenario is that the stock continues to fall, with the next key support level to watch being the psychological $20 level.
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2026-01-26 22:16