VANCOUVER, British Columbia, May 29, 2026 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce that Michael Carew was elected to the Company’s Board of Directors at the Company’s annual general meeting of shareholders held earlier today.
Dr. Carew is a geologist with over 25 years of corporate, technical and capital markets experience in the mining industry. He brings both regional and near-mine mineral exploration experience gained through roles with several major and junior mining and exploration companies, including BHP Billiton Limited, Mount Isa Mines Limited and Ivanhoe Mines Ltd. He has worked on a variety of uranium, base and precious metal ore deposits across Australia, North America and Asia.
Since August 2020, Dr. Carew has worked as a consultant in a variety of executive and non-executive roles, including serving as Vice President, Corporate Development for Papua New Guinea explorer Great Pacific Gold Corp. from November 2024 to May 2026. He has also advised on the due diligence of exploration projects at various stages of development and held senior corporate development and executive roles with several junior resource companies.
From 2013 to 2020, Dr. Carew was a Mining Research Analyst at Haywood Securities Inc., where he evaluated companies and projects ranging from early and advanced stage exploration, resource and development to production.
Dr. Carew currently serves as a Director and Audit Committee member of Military Metals Corp. (CSE) and CEO of Walhalla Gold Corp (CSE) and will join K92's Audit Committee and Health and Safety Committee.
He holds a BSc (Hons) from Monash University, Melbourne, and a PhD in Economic Geology from James Cook University, Australia.
John Lewins, K92 Chief Executive Officer and Director, stated, “Dr. Carew brings a strong combination of technical, exploration, capital markets and corporate development expertise to the K92 Board. His extensive experience evaluating mining and exploration projects, and working in Papua New Guinea and across the broader mining industry will provide valuable insight as K92 continues to execute on its growth strategy. We are delighted to welcome Mick to the Board and look forward to his contributions.”
About K92
K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and Director
For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating Officer at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) statements regarding the expansion of the mine and development of any of the deposits; (ii) the Kainantu Stage 4 Expansion; and (iii) the potential extended life of the Kainantu Mine.
All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the epidemic or pandemic viruses; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.
Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
VANCOUVER, British Columbia, May 29, 2026 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce the voting results of its 2026 annual general meeting (“AGM”) of shareholders that was held today as a hybrid virtual and in-person event. All of the resolutions proposed at the AGM were duly passed.
A total of 152,281,081 common shares, representing 62.136% of the Company’s issued and outstanding common shares as at the record date were voted. All of the Company’s seven director nominees were elected and detailed results of the votes on directors are shown below:
Name of NomineeVotes ForVotes WithheldNumber%Number%Michael Carew141,517,90199.9829,0230.02Mark Eaton138,640,79097.952,906,1342.05Anne Giardini138,553,94997.892,992,9752.11Saurabh Handa138,352,56797.743,194,3572.26Cyndi Laval141,198,28199.75348,6430.25Nan Lee141,502,99899.9743,9260.03John D. Lewins141,208,88199.76338,0430.24 All seven directors will serve on the Company's Board of Directors until the next annual meeting of shareholders or until their successors are elected or appointed.
Shareholders also voted in favour of the following matters:
Set the number of directors at seven (7);Re-appointed PricewaterhouseCoopers LLP as auditor of the Company for the ensuing year and authorized the directors to fix the auditor’s remuneration; andApproved the non-binding advisory resolution accepting the Company’s approach to executive compensation.
MatterVotes ForVotes AgainstNumber%Number%Number of Directors (7)151,946,16699.78334,9150.22Appointment of Auditor150,826,48299.041,454,5970.96Advisory Vote on Executive Compensation136,838,36896.674,708,5563.33 Further details on the above matters are set forth in the Company's meeting materials, including the Management Information Circular dated April 16, 2026, that are accessible on K92’s website at www.k92mining.com and under the Company's issuer profile on SEDAR+ at www.sedarplus.ca.
Final voting results on all matters voted on at the AGM are also contained in the Report on Voting Results filed under the Company’s profile on the SEDAR+ website.
About K92
K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and Director
For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating Officer at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) statements regarding the expansion of the mine and development of any of the deposits; (ii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine.
All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the epidemic or pandemic viruses; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel, Palestine and the Middle East; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationship with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.
Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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VANCOUVER, British Columbia, June 02, 2026 (GLOBE NEWSWIRE) -- K92 Mining Inc. (“K92” or the “Company”) (TSX: KNT; OTCQX: KNTNF) is pleased to announce that it has published its 2025 Sustainability Report. This is K92’s seventh annual sustainability report and provides details of the Company’s ongoing sustainability management and performance.
The 2025 Sustainability Report was prepared in accordance with the Sustainability Accounting Standards Board (“SASB”) Metals and Mining Standard for the seventh consecutive year and includes climate-related disclosures in alignment with the Task Force on Climate-related Financial Disclosures (“TCFD”) recommendations.
The 2025 Sustainability Report is available on the K92 website at the following link:
https://k92mining.com/responsible-mining
2025 Sustainability Highlights:
918 days without a lost-time injury(1) and a Total Recordable Injury Frequency Rate (“TRIFR”) of 0.62.~2,150 employees and permanent contractors in Papua New Guinea (PNG) plus temporary contractors and casuals for a total workforce of ~3,100.~91% of the operational workforce, comprising employees and permanent contractors, are PNG Nationals with priority hiring from local communities.$161.8 million in procurement from PNG companies, representing 52% of K92’s total annual procurement spend and an increase of 68% versus 2024.$139.2 million in taxes and royalties paid or accrued in PNG(2), a 122% increase from 2024.$33.1 million invested in local Joint Ventures.Outstanding Community Humanitarian Initiative awarded by the PNG Chamber of Resources and Energy (“CORE”) for K92’s Adult Literacy Program, marking the fourth consecutive year K92 has received the primary, annual community award from the CORE.Release of the Company’s Environmental Policy and Tailings Management Policy, two key board-approved policies outlining the Company’s approach to responsible resource development.Zero reportable environmental incidents at the Kainantu operations, with ongoing enhancements to the Company’s environmental management system.Continued implementation of the K92 CARES framework, which outlines the Company’s core values, including the launch of the inaugural CARES Awards recognizing outstanding employee engagement and commitment.Advanced work related to the Kainantu Endowment, which was established as an independent charitable trust dedicated to advancing education, skills development, and long-term opportunity for people across PNG.Ongoing alignment with the TCFD recommendations, with progress advanced on local hydropower improvements and solar farm engineering work in support of the Company’s energy and greenhouse gas (“GHG”) emissions reduction target.Continued commitment to local skills development, including a total of 68 tertiary scholarships awarded, 34 industrial traineeship placements, 31 graduate placements, and ongoing implementation of multiple Memoranda of Understanding with PNG universities to help develop a robust pipeline of skilled mine workers in the country.Significant progress on the Company’s first Infrastructure Tax Credit Scheme (“ITCS”) project, with 35% physical completion of the Konkua-Bilimoia road upgrades.Ongoing due diligence activities to support annual child labour and forced labour mitigation disclosures. John Lewins, K92 Chief Executive Officer and Director, stated, “K92 celebrated many achievements in 2025 in what was a landmark year for the Company as we celebrated our 10th anniversary and successfully completed the commissioning of our new 1.2-million tonnes per annum Stage 3 Expansion processing plant. This coincided with a truly historic milestone for the people of Papua New Guinea, as the nation celebrated the Golden Jubilee of its independence in 1975.
At the end of 2025, K92 was a major employer in Papua New Guinea, with approximately 2,150 employees and permanent contractors, and temporary contractors and casuals bringing our total workforce to approximately 3,100. PNG Nationals represented approximately 91% of our operational workforce, comprising employees and permanent contractors, supported by priority hiring from local communities. In addition, we have become one of the largest corporate taxpayers among mining companies in the country, with $139.2M in taxes and royalties paid or accrued in 2025. We are also currently the largest foreign investor in mineral exploration in Papua New Guinea, with $18M invested in exploration activities in 2025 and a further $31M to $35M planned investment in 2026, well-positioning the Company for continued growth.
I would like to extend my congratulations to the K92 Mining team and the people of Papua New Guinea for all the momentous milestones that were achieved during the year. These achievements are a testament to the dedication and resilience of the innumerable people who have made them possible. As Papua New Guinea looks to its next chapter, we strongly believe that responsible mining will remain an important driver of sustainable development for the country and its remarkable people. At K92, we will continue to work steadfastly in partnership with all our stakeholders to deliver transformational value for many years to come.”
Notes:
(1) As at December 31, 2025. Rate includes both employees and contractors.
(2) Includes corporate tax, payroll tax, import duties, production levy and royalties.
(3) All amounts are in U.S. Dollars unless otherwise noted.
About K92
K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018, is in a strong financial position, and is working to become a Tier 1 mid-tier producer through ongoing expansions. A maiden resource estimate on the Blue Lake copper-gold porphyry project was completed in August 2022. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and Director
For further information, please contact David Medilek, P.Eng., CFA, President and Chief Operating Officer at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements include, without limitation: (i) the results of the Kainantu Mine Definitive Feasibility Study, including the Stage 3 Expansion, a new standalone 1.2 million tonnes-per-annum process plant and supporting infrastructure; (ii) statements regarding the expansion of the mine and development of any of the deposits; (iii) the Kainantu Stage 4 Expansion, operating two standalone process plants, larger surface infrastructure and mining throughputs; and (iv) the potential extended life of the Kainantu Mine.
All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors, many of which are beyond our ability to control, that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, without limitation, Public Health Crises, including the epidemic or pandemic viruses; changes in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and availability of infrastructure and energy and other commodities; fluctuations in foreign currency exchange rates; volatility in price of our common shares; inherent risks associated with the mining industry, including problems related to weather and climate in remote areas in which certain of the Company’s operations are located; failure to achieve production, cost and other estimates; risks and uncertainties associated with exploration and development; uncertainties relating to estimates of mineral resources including uncertainty that mineral resources may never be converted into mineral reserves; the Company’s ability to carry on current and future operations, including development and exploration activities at the Arakompa, Kora, Judd and other projects; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the Stage 3 Expansion or the Stage 4 Expansion; the ability of the Company to achieve the inputs the price and market for outputs, including gold, silver and copper; failures of information systems or information security threats; political, economic and other risks associated with the Company’s foreign operations; geopolitical events and other uncertainties, such as the conflicts in Ukraine, Israel and Palestine; compliance with various laws and regulatory requirements to which the Company is subject to, including taxation; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions, including relationships with the communities in Papua New Guinea and other jurisdictions it operates; other assumptions and factors generally associated with the mining industry; and the risks, uncertainties and other factors referred to in the Company’s Annual Information Form under the heading “Risk Factors”.
Estimates of mineral resources are also forward-looking statements because they constitute projections, based on certain estimates and assumptions, regarding the amount of minerals that may be encountered in the future and/or the anticipated economics of production. The estimation of mineral resources and mineral reserves is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, Forward-looking statements are not a guarantee of future performance, and actual results and future events could materially differ from those anticipated in such statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause actual results to differ materially from those that are anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Copa Holdings (CPA - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 13. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis holding company for Panama's national airline is expected to post quarterly earnings of $4.43 per share in its upcoming report, which represents a year-over-year change of +3.5%.
Revenues are expected to be $1.03 billion, up 15% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 47.82% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Copa Holdings?For Copa Holdings, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +6.17%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Copa Holdings will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Copa Holdings would post earnings of $4.44 per share when it actually produced earnings of $4.18, delivering a surprise of -5.86%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Copa Holdings appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Transportation - Airline industry, Surf Air Mobility Inc. (SRFM - Free Report) , is soon expected to post loss of $0.44 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +66.4%. This quarter's revenue is expected to be $25.27 million, up 7.5% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Surf Air Mobility Inc. has been revised 20.5% up to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Surf Air Mobility Inc. will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Wall Street analysts expect Copa Holdings (CPA - Free Report) to post quarterly earnings of $4.43 per share in its upcoming report, which indicates a year-over-year increase of 3.5%. Revenues are expected to be $1.03 billion, up 15% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 32.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Copa Holdings metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Operating Revenues- Passenger revenue' should come in at $987.37 million. The estimate indicates a year-over-year change of +14.9%.
Analysts expect 'Load Factor' to come in at 86.9%. The estimate is in contrast to the year-ago figure of 86.4%.
Based on the collective assessment of analysts, 'PRASM (Passenger revenue per ASM)' should arrive at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Analysts forecast 'Yield' to reach N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Analysts' assessment points toward 'ASMs (Available seat miles)' reaching 8.89 billion. The estimate is in contrast to the year-ago figure of 7.80 billion.
The average prediction of analysts places 'CASM Excl. Fuel' at N/A. The estimate compares to the year-ago value of N/A.
Analysts predict that the 'CASM' will reach N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
The combined assessment of analysts suggests that 'RPMs (Revenue passengers miles)' will likely reach 7.71 billion. The estimate compares to the year-ago value of 6.74 billion.
The collective assessment of analysts points to an estimated 'RASM' of N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
The consensus estimate for 'Fuel Gallons Consumed' stands at 102 millions of gallons. Compared to the present estimate, the company reported 91 millions of gallons in the same quarter last year.
The consensus among analysts is that 'Total Number of Aircraft' will reach 129 . Compared to the current estimate, the company reported 112 in the same quarter of the previous year.
It is projected by analysts that the 'Operating Expense- Fuel' will reach $280.80 million.
View all Key Company Metrics for Copa Holdings here>>>
Over the past month, Copa Holdings shares have recorded returns of +3.1% versus the Zacks S&P 500 composite's +11% change. Based on its Zacks Rank #3 (Hold), CPA will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Key Takeaways CPA is expected to post 15% revenue growth in Q1, driven by stronger passenger demand. Copa Holdings beat earnings estimates in three of the past four quarters. CPA faces pressure from higher operating costs, supply-chain issues and geopolitical tensions. Copa Holdings (CPA - Free Report) is scheduled to report first-quarter 2026 results on May 13, after market close.
The Zacks Consensus Estimate for CPA’s first-quarter 2026 earnings per share has been revised downwards by 7.7% over the past 60 days to $4.43. The consensus mark for earnings implies a 3.5% increase from the year ago actuals. The Zacks Consensus Estimate for CPA’s first-quarter 2026 revenues is pegged at $1.03 billion, indicating 15% growth year over year.
CPA has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters (missing once in the remaining), with an average beat being 5.74%.
Let’s see how things have shaped up for CPA this earnings season.
Factors Likely to Have Influenced CPA’s Q1 PerformanceWe expect the CPA’stop line in the to-be-reported quarter to have been bolstered by an improvement in air-travel demand.
Passenger revenues, which account for the bulk of the top line, are likely to have increased in the to-be-reported quarter. The Zacks Consensus Estimate for passenger revenues is pegged at $987.3 million, up 15% from the first-quarter 2025 actuals. Meanwhile, the consensus mark for revenues from the cargo & mail segment and other operating revenues is pegged at $28.1 million and $16.4 million, indicating a year-over-year increase of 9.4% and 13.1%, respectively.
On the contrary, the company’s performance in the to-be-reported quarter is expected to have been significantly impacted by rising operating expenses. Ongoing geopolitical tensions in the Middle East and supply-chain disruptions are likely to have weighed on CPA’s bottom line.
What Our Model Says About CPAOur proven model predicts an earnings beat for Copa Holdings this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
CPA has an Earnings ESP of +6.17% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Highlights of CPA’s Q4 ResultsCopa Holdings reported fourth-quarter 2025 earnings per share of $4.18, which missed the Zacks Consensus Estimate of $4.44 but improved 4.7% year over year. Revenues of $962.9 million missed the Zacks Consensus Estimate of $967.6 million but inched up 9.7% year over year, driven by a 12.9% increase in onboard passengers.
Passenger revenues (which contributed 94.8% to the top line) grew 9.4% year over year to $913.62 million. The upside was driven by a 10.1% increase in revenue passenger miles (RPMs), partially offset by a 0.6% decrease in passenger yield.
Q1 Performances of Other Transportation CompaniesDelta Air Lines (DAL - Free Report) reported first-quarter 2026 earnings (excluding $1.08 from non-recurring items) of 64 cents per share, which beat the Zacks Consensus Estimate of 61 cents. Earnings increased 39.1% on a year-over-year basis. Revenues in the March-end quarter were $14.2 billion, beating the Zacks Consensus Estimate of $14 billion and increasing on a year-over-year basis.
J.B. Hunt Transport Services (JBHT - Free Report) posted first-quarter 2026 earnings per share of $1.49, up 27% from $1.17 a year ago. The result topped the Zacks Consensus Estimate by $0.04, reflecting a 2.8% surprise.
Operating revenues totaled $3.06 billion, rising 4.6% year over year. Revenues beat the consensus mark of $2.94 billion, resulting in a 3.9% surprise, as demand proved resilient across several service offerings, led by Intermodal volume growth and higher revenues per load in select highway-related businesses.
PANAMA CITY, May 12, 2026 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for April 2026:
Copa Holdings (Consolidated)April
2026April
2025% ChangeASM (mm) (1) 2,971.9 2,546.6 16.7 %
RPM (mm) (2) 2,579.8 2,209.7 16.7 %
Load Factor (3) 86.8 %
86.8 %
—p.p. Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown.Revenue passenger miles - represents the number of miles flown by revenue passengers.Load factor - represents the percentage of aircraft seating capacity that is utilized. For April 2026, Copa Holdings' capacity (ASMs) increased by 16.7%, while system-wide passenger traffic (RPMs) increased by 16.7% compared to 2025. As a result, the system load factor for the month was 86.8%, flat compared to April 2025.
Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to countries in North, Central, and South America and the Caribbean. For more information, visit ir.copaair.com.
Copa Holdings, S.A. (NYSE:CPA) will release earnings for its first quarter after the closing bell on Wednesday, May 13.
Analysts expect the Panama City, Panama-based company to report quarterly earnings of $4.42 per share, up from $4.28 per share in the year-ago period. The consensus estimate for Copa's quarterly revenue is $1.03 billion (it reported $899.18 million last year), according to Benzinga Pro.
On Tuesday, Copa Holdings posted 16.7% capacity and traffic growth in April.
Shares of Copa Holdings fell 0.9% to close at $115.96 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
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Key Takeaways Copa Holdings reported April 2026 RPM growth of 16.7% YoY, driven by strong air travel demand.CPA increased capacity with available seat miles rising 16.7% YoY to match demand.Copa Holdings saw load factor remain flat at 86.8% as traffic growth matched capacity expansion. Copa Holdings, S.A.(CPA - Free Report) , based in Panama City, Panama, is gaining from upbeat passenger volumes. The latest positive update from the Latin American carrier came when it reported robust traffic numbers for April 2026 on the back of upbeat air travel demand. Driven by high passenger volumes, revenue passenger miles (RPM: a measure of air traffic) improved on a year-over-year basis in April.
To match the demand swell, CPA is increasing its capacity. In April, available seat miles (a measure of capacity) increased 16.7% year over year. RPM also improved 16.7% year over year. Since traffic growth has matched capacity expansion, the load factor (the percentage of seats filled by passengers) for April 2026 remained flat at 86.8% on a year-over-year basis.
CPA currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
April 2026 Traffic of Another Airline CompanyApart from Copa Holdings, another airline company that has reported traffic numbers for March 2026 is Ryanair Holdings (RYAAY - Free Report) .
Ryanair HoldingsEuropean carrier, Ryanair reported solid traffic numbers for March 2026, driven by upbeat air-travel demand. The number of passengers transported on Ryanair flights was 19.3 million in April 2026, reflecting a 5% year-over-year increase. Apart from a year-over-year surge, RYAAY’s traffic in April was much more than the March reading of 15.8 million, the February reading of 13.3 million and the January reading of 12.7 million, highlighting continued momentum from the beginning of the year.
Ryanair’s load factor (percentage of seats filled by passengers) remained flat year over year as well as sequentially at 93% in April 2026, reflecting stable and consistent demand for the carrier’s services. However, it improved from the load factor of 92% reported in February 2026 and 91% reported in January 2026.
RYAAY operated more than 1,08,000 flights in April 2026. This marks an improvement from 88,000 flights operated in March 2026, 75,000 flights operated in February 2026 and 73,000 flights operated in January2026, reflecting expanded capacity to meet strong passenger demand.
We would like to remind investors that Ryanair carried 200.2 million passengers (traffic up 9% year over year) in its fiscal year ending March 2025, positioning itself as the first European airline to reach 200 million passengers in a single year. As a result, RYAAY is now the world’s leading low-fare airline in terms of passenger traffic, with low fares and reduced costs acting as the main catalyst. During the first nine months of fiscal 2026, RYAAY’s traffic grew 4% year over year to 166.5 million passengers.
Given the aforesaid encouraging backdrops, Ryanair has unveiled its raised traffic outlook for fiscal 2026 (concurrent with its third-quarter fiscal 2026 earnings release on Jan. 26, 2026). Ryanair now expects its fiscal 2026 traffic to grow 4% to 208 million passengers (prior view: 207 million), owing to earlier than expected Boeing (BA - Free Report) deliveries and solid demand during the first nine months of fiscal 2026.
May 13, 2026 18:45 ET | Source: Copa Holdings, S.A.
PANAMA CITY, May 13, 2026 (GLOBE NEWSWIRE) -- Copa Holdings1, S.A. (NYSE: CPA), today announced financial results for the first quarter of 2026 (1Q26), reflecting continued industry-leading profitability, disciplined execution, and the resilience of its business model amid a higher jet fuel price environment. Key highlights include:
Net profit of US$212.5 million or US$5.16 per share, a 20.5% year‑over‑year increase in earnings per share.Operating margin of 24.6% and net margin of 20.2%, increases of 0.8 and 0.5 percentage points, respectively, compared to 1Q25.Capacity, measured in available seat miles (ASMs), grew by 14.0% year over year, and passenger traffic in RPMs increased by 15.0%. As a result, load factor increased by 0.8 percentage points to 87.2%.Revenue per available seat mile (RASM) of 11.8 cents, an increase of 2.7% compared to 1Q25.Operating cost per available seat mile (CASM) increased 1.6% year over year to 8.9 cents, while CASM excluding fuel (Ex-fuel CASM) decreased 1.0% to 5.8 cents.The Company ended the quarter with approximately US$1.5 billion in cash, short-term and long-term investments, representing 40% of the last-twelve-months’ revenues.Adjusted Net Debt to EBITDA ratio ended 1Q26 at 0.7 times.The Company repurchased US$45 million worth of shares during the quarter under the Company’s current US$200 million repurchase authorization. This represents approximately 1% of total outstanding shares as of the end of the quarter.In 1Q26, the Company took delivery of 2 Boeing 737-MAX 8 aircraft to end the quarter with a total fleet of 127 aircraft.Copa Airlines had an on-time performance for the quarter of 91.6% and a flight completion factor of 99.7%, once again positioning itself among the very best in the industry. Subsequent events
On May 13, 2026, the Board of Directors of Copa Holdings ratified its second dividend payment for the year of US$1.71 per share, payable on June 15, 2026, to shareholders of record as of May 29, 2026.In April, at an event held in Panama, the Company publicly announced a Boeing 737 MAX aircraft order consisting of 40 firm orders and 20 purchase options. Deliveries are expected between 2030 and 2034, supporting long‑term capacity growth while preserving flexibility within the Company’s existing fleet plan.During the second quarter, the Company took delivery of two additional Boeing 737 MAX 8 aircraft, increasing its total fleet to 129 aircraft. ____________________
1 The terms “Copa Holdings” and the “Company” refer to the consolidated entity. The financial information presented in this release, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial information included in the financial tables section of this earnings release. Unless otherwise stated, all comparisons with prior periods refer to the first quarter of 2025 (1Q25).
Full 1Q26 Earnings Release available for download at:
The Company will hold its financial results conference call tomorrow at 11am ET (10am local). Details follow:
Date:May 14, 2026Time:11:00 AM US ET (10:00 AM Local Time)Join by phone:Click hereWebcast (listen-only):ir.copaair.com/events-and-presentations About Copa Holdings
Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to countries in North, Central, and South America and the Caribbean. For more information, visit: copaair.com.
This release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current plans, estimates, and expectations, and are not guarantees of future performance. They are based on management’s expectations that involve several business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statement. The risks and uncertainties relating to the forward-looking statements in this release are among those disclosed in Copa Holdings’ filed disclosure documents and are, therefore, subject to change without prior notice.
CPA-G
Copa Holdings, S. A. and Subsidiaries
Consolidated Operating and Financial Statistics 1Q261Q25% Change4Q25% ChangeRevenue Passengers Carried (000s)4,096 3,512 16.6%3,935 4.1%Revenue Passengers OnBoard (000s)6,007 5,208 15.3%5,834 3.0%RPMs (millions)7,755 6,743 15.0%7,359 5.4%ASMs (millions)8,892 7,801 14.0%8,513 4.5%Load Factor87.2%86.4%0.8 p.p86.4%0.8 p.pYield (US$ Cents)12.9 12.7 1.6%12.4 4.3%PRASM (US$ Cents)11.3 11.0 2.6%10.7 5.2%RASM (US$ Cents)11.8 11.5 2.7%11.3 4.6%CASM (US$ Cents)8.9 8.8 1.6%8.8 0.9%CASM Excl. Fuel (US$ Cents)5.8 5.8 (1.0)%5.9 (2.9)%Fuel Gallons Consumed (millions)102.7 91.0 12.9%98.6 4.1%Avg. Price Per Fuel Gallon (US$)2.73 2.54 7.5%2.50 9.2%Average Length of Haul (miles)1,893 1,920 (1.4)%1,870 1.2%Average Stage Length (miles)1,260 1,260 —%1,236 1.9%Departures43,033 37,829 13.8%41,942 2.6%Block Hours138,479 121,611 13.9%133,488 3.7%Average Aircraft Utilization (hours)12.2 12.1 1.3%11.9 3.1% Copa Holdings, S. A. and Subsidiaries
Consolidated statement of profit or loss
(In US$ thousands) Unaudited Unaudited %Unaudited % 1Q26 1Q25 Change4Q25 ChangeOperating Revenues Passenger revenue 1,004,173 859,025 16.9%913,623 9.9%Cargo and mail revenue 29,760 25,694 15.8%32,036 (7.1%)Other operating revenue 18,490 14,462 27.8%17,228 7.3%Total Operating Revenue 1,052,423 899,181 17.0%962,888 9.3% Operating Expenses Fuel 282,462 232,160 21.7%249,177 13.4%Wages, salaries, benefits and other employees' expenses 137,670 117,517 17.1%137,906 (0.2%)Passenger servicing 28,135 25,024 12.4%27,523 2.2%Airport facilities and handling charges 79,184 65,657 20.6%68,996 14.8%Sales and distribution 54,812 50,261 9.1%55,604 (1.4%)Maintenance, materials and repairs 46,612 39,434 18.2%46,075 1.2%Depreciation and amortization 100,726 86,284 16.7%97,385 3.4%Flight operations 41,104 33,749 21.8%38,413 7.0%Other operating and administrative expenses 23,083 35,274 (34.6%)32,221 (28.4%)Total Operating Expense 793,787 685,360 15.8%753,300 5.4% Operating Profit/(Loss) 258,636 213,822 21.0%209,588 23.4%Operating Margin 24.6% 23.8% 0.8 p.p21.8% 2.8 p.p Non-operating Income (Expense): Finance cost (25,837) (23,233) 11.2%(27,478) (6.0%)Finance income 16,083 15,792 1.8%16,545 (2.8%)Gain (loss) on foreign currency fluctuations 1,518 1,370 10.8%(6,021) nmNet change in fair value of derivatives (1,066) (2,434) (56.2%)178 nmOther non-operating income (expense) (2,279) 1,428 nm(857) 166.0%Total Non-Operating Income/(Expense) (11,581) (7,077) 63.6%(17,633) (34.3%) Profit before taxes 247,054 206,744 19.5%191,955 28.7% Income tax expense (34,588) (29,978) 15.4%(19,332) 78.9% Net Profit/(Loss) 212,467 176,766 20.2%172,623 23.1%Net Margin 20.2% 19.7% 0.5 p.p17.9% 2.3 p.p EPS Basic Earnings Per Share (EPS) 5.16 4.28 20.5%4.18 23.3% Shares used for calculation: Shares for calculation of Basic EPS (000s) 41,183 41,292 -0.3%41,248 -0.2% Copa Holdings, S. A. and Subsidiaries
Consolidated statement of financial position
(In US$ thousands) March 2026 December 2025ASSETS(Unaudited) (Audited)Cash and cash equivalents374,223 382,554 Short-term investments959,457 955,604 Total cash, cash equivalents and short-term investments1,333,680 1,338,159 Accounts receivable, net204,725 194,425 Accounts receivable from related parties3,019 3,217 Expendable parts and supplies, net152,247 148,127 Prepaid expenses89,588 55,209 Prepaid income tax4,836 6,172 Other current assets29,291 32,769 483,706 439,919 TOTAL CURRENT ASSETS1,817,386 1,778,078 Long-term investments190,157 248,579 Long-term prepaid expenses5,991 5,434 Property and equipment, net4,461,063 4,120,055 Right of use assets279,918 296,761 Intangible, net104,477 104,071 Net defined benefit assets3,157 3,220 Deferred tax assets20,308 19,873 Other Non-Current Assets12,060 6,952 TOTAL NON-CURRENT ASSETS5,077,131 4,804,946 TOTAL ASSETS6,894,517 6,583,024 LIABILITIES Loans and borrowings218,254 172,885 Current portion of lease liability66,901 66,132 Accounts payable210,249 164,320 Accounts payable to related parties1,409 1,333 Air traffic liability750,546 737,616 Frequent flyer deferred revenue160,478 155,584 Taxes Payable81,360 62,931 Accrued expenses payable39,970 66,016 Income tax payable27,122 11,929 Other Current Liabilities9,111 1,361 TOTAL CURRENT LIABILITIES1,565,401 1,440,107 Loans and borrowings long-term1,890,520 1,807,556 Lease Liability241,670 258,383 Deferred tax Liabilities72,940 59,217 Other long-term liabilities250,445 242,337 TOTAL NON-CURRENT LIABILITIES2,455,575 2,367,494 TOTAL LIABILITIES4,020,976 3,807,600 EQUITY Class A - 34,257,137 issued and 29,861,335 outstanding23,316 23,290 Class B - 10,938,1257,466 7,466 Additional Paid-In Capital221,661 220,190 Treasury Stock(345,147) (300,143)Retained Earnings2,769,716 2,168,911 Net profit212,467 671,648 Other comprehensive loss(15,939) (15,939)TOTAL EQUITY2,873,541 2,775,423 TOTAL EQUITY LIABILITIES6,894,517 6,583,024 Copa Holdings, S. A. and Subsidiaries
Consolidated statement of cash flows
For the three months ended
(In US$ thousands) 2026 2025 (Unaudited) (Unaudited)Net cash flow from operating activities 359,710 205,477 Investing activities Net Acquisition of Investments 54,498 (340,191)Net cash flow related to advance payments on aircraft purchase contracts (245,026) (115,130)Acquisition of property and equipment (163,486) (56,216)Proceeds from sale of property and equipment 85 — Acquisition of intangible assets (5,559) (6,515)Cash flow used in investing activities (359,488) (518,052)Financing activities Proceeds from new borrowings 154,605 — Payments on loans and borrowings (31,543) (51,863)Payment of lease liability (16,033) (14,007)Share repurchase (45,004) (3,555)Dividends paid (70,578) (66,493)Cash flow used in financing activities (8,553) (135,918)Net (decrease) in cash and cash equivalents (8,331) (448,493)Cash and cash equivalents as of January 1 382,554 613,313 Cash and cash equivalents as ofMarch 31,$374,223 $164,820 Short-term investments 959,457 751,525 Long-term investments 190,157 425,821 Total cash and cash equivalents and investments as ofMarch 31,$1,523,837 $1,342,166 Copa Holdings, S. A. and Subsidiaries
Non-IFRS Financial Measures Reconciliation
This press release includes the following non-IFRS financial measures: Operating CASM Excluding Fuel and Adjusted Net Debt to EBITDA. This supplemental information is presented because we believe it is a useful indicator of our operating performance and for comparing our performance with other companies in the airline industry. These measures should not be considered in isolation and should be considered together with comparable IFRS measures, in particular operating profit and net profit. The following is a reconciliation of these non-IFRS financial measures to the comparable IFRS measures:
Reconciliation of Operating Costs per ASM Excluding Fuel (CASM Excl. Fuel)1Q261Q254Q25 Operating Costs per ASM as Reported (in US$ Cents)8.98.88.8Aircraft Fuel Cost per ASM (in US$ Cents)3.23.02.9Operating Costs per ASM excluding fuel (in US$ Cents)5.85.85.9 Reconciliation of Adjusted Net Debt to EBITDA1Q26 1Q25 4Q25 Net Debt$893,509 $592,934 $718,218 LTM Operating Profit/(Loss) (in US$ thousands)$863,774 $750,788 $818,960LTM Depreciation and amortization (in US$ thousands)$379,579 $333,628 $365,137LTM EBITDA (in US$ thousands)$1,243,353 $1,084,417 $1,184,096 Adjusted Net Debt to EBITDA 0.7 0.5 0.6
Copa Holdings (CPA - Free Report) came out with quarterly earnings of $5.16 per share, beating the Zacks Consensus Estimate of $4.43 per share. This compares to earnings of $4.28 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +16.57%. A quarter ago, it was expected that this holding company for Panama's national airline would post earnings of $4.44 per share when it actually produced earnings of $4.18, delivering a surprise of -5.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Copa Holdings, which belongs to the Zacks Transportation - Airline industry, posted revenues of $1.05 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.80%. This compares to year-ago revenues of $899.18 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Copa Holdings shares have lost about 3.9% since the beginning of the year versus the S&P 500's gain of 8.1%.
What's Next for Copa Holdings?While Copa Holdings has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Copa Holdings was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.65 on $986.97 million in revenues for the coming quarter and $14.21 on $4.2 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Airline is currently in the bottom 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Transportation sector, Nordic American Tankers (NAT - Free Report) , has yet to report results for the quarter ended March 2026.
This tanker company is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +700%. The consensus EPS estimate for the quarter has been revised 50% higher over the last 30 days to the current level.
Nordic American Tankers' revenues are expected to be $80.64 million, up 112.6% from the year-ago quarter.
For the quarter ended March 2026, Copa Holdings (CPA - Free Report) reported revenue of $1.05 billion, up 17% over the same period last year. EPS came in at $5.16, compared to $4.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.03 billion, representing a surprise of +1.8%. The company delivered an EPS surprise of +16.57%, with the consensus EPS estimate being $4.43.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Copa Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Load Factor: 87.2% versus the five-analyst average estimate of 86.9%.PRASM (Passenger revenue per ASM): 11.3 cents versus 11.08 cents estimated by four analysts on average.Yield: 12.9 cents compared to the 12.77 cents average estimate based on four analysts.Avg. Price Per Fuel Gallon: $2.73 compared to the $2.77 average estimate based on four analysts.ASMs (Available seat miles): 8.89 billion versus 8.89 billion estimated by four analysts on average.CASM Excl. Fuel: 5.8 cents versus the four-analyst average estimate of 5.78 cents.CASM: 8.9 cents versus 8.98 cents estimated by four analysts on average.RPMs (Revenue passengers miles): 7.76 billion compared to the 7.71 billion average estimate based on four analysts.RASM: 11.8 cents versus the four-analyst average estimate of 11.6 cents.Fuel Gallons Consumed: 102.70 Mgal versus the three-analyst average estimate of 102.34 Mgal.Total Number of Aircraft: 127 versus 129 estimated by two analysts on average.Operating Revenues- Passenger revenue: $1 billion versus $987.37 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +16.9% change.View all Key Company Metrics for Copa Holdings here>>>
Shares of Copa Holdings have returned -4.1% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Key Takeaways LATAM Airlines' April 2026 RPK rose 7% year over year, signaling growth across all segments.LATAM Airlines' April 2026 load factor came in at 82.3%, with consolidated capacity of 8.3%. In April 2026, LATAM Airlines transported 6.9 million passengers, an increase of 2.8% year over year. LATAM Airlines Group (LTM - Free Report) reported a year-over-year increase in revenue passenger-kilometers (RPK: a measure of air traffic) for April 2026.
LATAM Airlines reported an 8.3% year-over-year increase in consolidated capacity, measured in available seat-kilometers (ASK). The uptick was driven by an 11.6% increase in international operations, a 6% increase in domestic operations of LATAM Airlines’ affiliates in Chile, Colombia, Ecuador and Peru, along with a 4% increase in capacity offered by LATAM Airlines Brazil.
LTM’s consolidated traffic, measured in revenue passenger-kilometers (RPK), grew 7% year over year, owing to growth across all segments. International traffic rose 10.8%, followed by domestic markets of LATAM Airlines’ affiliates in Chile, Colombia, Ecuador and Peru with 3.3% growth, and LATAM Airlines Brazil domestic traffic reporting year-over-year growth of 2%.
Although traffic improved on a year-over-year basis, it failed to outpace capacity expansion. As a result, the load factor fell 1.1 percentage points to 82.3% in April 2026.
In April 2026, LATAM Airlines transported 6.9 million passengers, an increase of 2.8% year over year. So far this year, LATAM Airlines has transported 29.79 million passengers across its network, reflecting an increase of 7.6% year over year.
LTM’s Zacks Rank & Price PerformanceLATAM Airlines currentlycarries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of LTM have gained 31% in the past year, outperforming the 11.7% increase of the Zacks Airline industry.
LTM Stock’s One-Year Price Comparison Image Source: Zacks Investment Research
April 2026 Traffic of Other Airline CompaniesApart from LATAM Airlines, other airline companies that have reported traffic numbers for April 2026 are Copa Holdings, S.A. (CPA - Free Report) and Ryanair Holdings (RYAAY - Free Report) .
Copa HoldingsCopa Holdings reported robust traffic numbers for April 2026 on the back of upbeat air travel demand. Driven by high passenger volumes, revenue passenger miles (RPM: a measure of air traffic) improved on a year-over-year basis in April.
To match the demand swell, CPA is increasing its capacity. In April, available seat miles (a measure of capacity) increased 16.7% year over year. RPM also improved 16.7% year over year. Since traffic growth has matched capacity expansion, the load factor (the percentage of seats filled by passengers) for April 2026 remained flat at 86.8% on a year-over-year basis.
Ryanair HoldingsEuropean carrier, Ryanair reported solid traffic numbers for April 2026, driven by upbeat air-travel demand. The number of passengers transported on Ryanair flights was 19.3 million in April 2026, reflecting a 5% year-over-year increase. Apart from a year-over-year surge, RYAAY’s traffic in April was much more than the March reading of 15.8 million, the February reading of 13.3 million and the January reading of 12.7 million, highlighting continued momentum from the beginning of the year.
Ryanair’s load factor (percentage of seats filled by passengers) remained flat year over year as well as sequentially at 93% in April 2026, reflecting stable and consistent demand for the carrier’s services. However, it improved from the load factor of 92% reported in February 2026 and 91% reported in January 2026.
RYAAY operated more than 1,08,000 flights in April 2026. This marks an improvement from 88,000 flights operated in March 2026, 75,000 flights operated in February 2026 and 73,000 flights operated in January2026, reflecting expanded capacity to meet strong passenger demand.
We would like to remind investors that Ryanair carried 200.2 million passengers (traffic up 9% year over year) in its fiscal year ending March 2025, positioning itself as the first European airline to reach 200 million passengers in a single year. As a result, RYAAY is now the world’s leading low-fare airline in terms of passenger traffic, with low fares and reduced costs acting as the main catalyst. During the first nine months of fiscal 2026, RYAAY’s traffic grew 4% year over year to 166.5 million passengers.
Given the aforesaid encouraging backdrops, Ryanair has unveiled its raised traffic outlook for fiscal 2026 (concurrent with its third-quarter fiscal 2026 earnings release on Jan. 26, 2026). Ryanair now expects its fiscal 2026 traffic to grow 4% to 208 million passengers (prior view: 207 million), owing to earlier than expected Boeing (BA - Free Report) deliveries and solid demand during the first nine months of fiscal 2026.
Key Takeaways CPA delivered Q1 2026 EPS of $5.16 and revenue of $1.05B, topping estimates and rising Y/Y.CPA guides Q2 margin 8%-12% with ASM 16% as jet fuel 80%-90%, 50% offset by revenue.For 2026, CPA expects capacity to grow 11-13% year over year and expects to end 2026 with 133 aircraft. Copa Holdings, S.A. (CPA - Free Report) reported impressive first-quarter 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate and improved year over year.
Quarterly earnings of $5.16 outpaced the Zacks Consensus Estimate of $4.43 and improved 20.5% year over year. Revenues of $1.05 billion beat the Zacks Consensus Estimate of $1.03 billion and inched up 17% year over year, due to a 15.3% increase in onboard passengers.
Passenger revenues (which contributed 95.4% to the top line) grew 16.9% year over year to $1.00 billion. The upside was owing to a 15% increase in revenue passenger miles and 1.6% higher yields. Cargo and mail revenues of $29.76 million grew 15.8% year over year, owing to higher cargo volumes. Other operating revenues of $18.49 million improved 27.8% year over year, owing to an increase in ConnectMiles revenues from non-air partners.
Quarterly results reflect a solid and persistent demand environment across the region, constant discipline in lowering unit costs, a passenger-friendly product and its relentless focus on operational excellence.
CPA’s Other Financial DetailsOn a consolidated basis, Copa Holdings’ traffic (measured in revenue passenger miles) grew 15%, and capacity (measured in available seat miles) increased 14% from the year-ago quarter. Since traffic growth outpaced capacity expansion, the load factor (percentage of seats filled by passengers) increased 0.8 percentage points to 87.2% in the reported quarter.
Passenger revenue per available seat mile rose 2.6% year over year to 11.3 cents. Revenue per available seat mile (RASM) rose 2.7% year over year to 11.8 cents.
Cost per available seat mile excluding fuel (CASM ex-fuel) fell 1% year over year to 5.8 cents, reflecting CPA’s continued cost discipline, while CASM rose 1.6% year over year to 8.9 cents in the first quarter owing to higher fuel prices.
The average fuel price per gallon increased 7.5% year over year to $2.73. While the average fuel price increase for the reported quarter was moderate, higher prices in the second half of March led to a nearly $20 million year-over-year net impact on the company’s first-quarter results.
Operating expenses increased 15.8% year over year to $793.8 million in the first quarter, owing to capacity growth, higher maintenance-related costs and an increase in the average price of jet fuel. Expenses on wages, salaries, benefits and other employee expenses rose 17.1% year over year. Sales and distribution costs increased 9.1% year over year. Passenger servicing costs grew 12.4% from the year-ago quarter. Airport facilities and handling charges grew 20.6% year over year. Expenses on fuel/fuel costs rose 21.7% year over year.
CPA repurchased shares worth $45 million during the reported quarter, under the existing $200 million repurchase authorization.
Copa Holdings exited the first quarter with cash and cash equivalents of $374.22 million compared with $382.55 million at the prior-quarter end.
In the first quarter of 2026, CPA took delivery of two Boeing 737-MAX 8 aircraft and ended the quarter with a total fleet of 127 aircraft. During the second quarter of 2026 (so far), CPA took delivery of two additional Boeing 737 MAX 8 aircraft, increasing its total fleet to 129 aircraft.
CPA’s OutlookFor the second quarter of 2026, Copa Holdings anticipates an operating margin in the range of 8% to 12%, with capacity growth in ASMs of 16% year over year. These results are affected by a projected year-over-year increase in the all-in jet fuel price per gallon in the range of 80% to 90%, for which the company anticipates recovering almost 50% through higher revenues. This partial pass-through is a result of the already advanced booking levels.
For 2026, CPA’s management continues to expect consolidated capacity to be up 11%-13% year over year. The load factor for the current year is expected to be 87%. Non-fuel unit costs are anticipated to be 5.7 cents. CPA anticipates to recover a substantial portion of its increased fuel price expenses for the full year, reaching up to 100% by the end of the year.
Copa Holdings expects to end 2026 with 133 aircraft and 2027 with 144 aircraft.
CPA currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Q1 Performances of Other Transportation CompaniesDelta Air Lines (DAL - Free Report) reported first-quarter 2026 earnings (excluding $1.08 from non-recurring items) of 64 cents per share, which beat the Zacks Consensus Estimate of 61 cents. Earnings increased 39.1% on a year-over-year basis due to high labor costs. Adjusted revenues in the March-end quarter were $14.2 billion, beating the Zacks Consensus Estimate of $14 billion and increasing on a year-over-year basis.
United Airlines Holdings, Inc. (UAL - Free Report) reported solid first-quarter 2026 results wherein the company’s earnings and revenues beat the Zacks Consensus Estimate as well as improved on a year-over-year basis.
UAL's first-quarter 2026 adjusted earnings per share (EPS) (excluding 95 cents from non-recurring items) of $1.19 surpassed the Zacks Consensus Estimate of $1.08 and increased 30.8% on a year-over-year basis. The reported figure lies within the guided range of $1.00-$1.50.
Operating revenues of $14.6 billion outpaced the Zacks Consensus Estimate of $14.3 billion and increased 10.5% year over year. Passenger revenues (which accounted for 90.1% of the top line) increased 11% year over year to $13.1 billion. UAL flights transported 42,486 passengers in the first quarter, up 4.1% year over year.
Cargo revenues fell 1.6% year over year to $422 million. Revenues from other sources rose 10.5% year over year to $1.02 billion.
J.B. Hunt Transport Services (JBHT - Free Report) posted first-quarter 2026 earnings per share of $1.49, up 27% from $1.17 a year ago. The result topped the Zacks Consensus Estimate by $0.04, a 2.8% surprise.
Operating revenues totaled $3.06 billion, rising 4.6% year over year. Revenues beat the consensus mark of $2.94 billion, resulting in a 3.9% surprise, as demand proved resilient across several service offerings, led by Intermodal volume growth and higher revenue per load in select highway-related businesses.
Top 5 Highest-Rated Dividend Stocks, According to MarketBeatCopa NYSE: CPA reported stronger first-quarter profit and margins as the Panama-based airline cited robust demand across its network, higher passenger yields and continued cost discipline, while warning that sharply higher jet fuel prices will weigh on second-quarter results.
Executive Chairman and CEO Pedro Heilbron said the company delivered “another quarter of strong financial and operational results,” supported by regional demand and operational execution. He credited Copa’s more than 9,000 employees for helping the airline maintain reliability and cost discipline in what he described as a “higher and volatile jet fuel price environment.”
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5 Highly Rated Dividends With 50% Upside According to AnalystsFor the first quarter, capacity increased 14% year over year, while passenger traffic rose 15%. Load factor improved 0.8 percentage points to 87.2%. Passenger yield increased 1.6%, and revenue per available seat mile, or RASM, rose 2.7% to 11.8 cents.
Unit costs, measured as cost per available seat mile, or CASM, increased 1.6% to 8.9 cents, driven by higher fuel prices. Excluding fuel, CASM declined 1% to 5.8 cents.
Profit rises as margins expand Airline Stocks Off the Beaten Path: 3 Key Picks for InvestorsCFO Peter Donkersloot said Copa reported record net profit of $212 million, or $5.16 per share, representing a 20.5% year-over-year increase in earnings per share. Net margin was 20.2%, up 0.5 percentage points from the prior-year period.
Operating profit was $258 million, producing an operating margin of 24.6%, up 0.8 percentage points from the first quarter of 2025. Heilbron called the margin “industry-leading.”
Donkersloot said the airline’s all-in jet fuel price increased 7.5% year over year to $2.73 per gallon from $2.54. He said higher prices in the second half of March had a more pronounced impact on results, representing about a $20 million year-over-year effect on first-quarter performance.
Copa ended the quarter with about $1.5 billion in cash, short-term and long-term investments, equal to 40% of last-12-month revenue. Donkersloot said that figure excludes about $700 million in pre-delivery deposits for new aircraft, as well as 45 unencumbered aircraft and 15 unencumbered spare engines with an estimated value of more than $1 billion.
Total debt, including lease liabilities, stood at $2.4 billion. The company ended the quarter with an adjusted net debt-to-EBITDA ratio of 0.7 times. Donkersloot said Copa’s average cost of debt, which is made up solely of aircraft-related financing, remained “highly competitive” at 3.6%.
Fuel pressures weigh on second-quarter outlook Copa expects second-quarter operating margin of 8% to 12%, with capacity, measured in available seat miles, rising about 16% year over year. Donkersloot said the guidance reflects a projected year-over-year increase of 80% to 90% in the all-in jet fuel price per gallon.
The company expects to recover about 50% of that increase through higher revenue in the second quarter. Donkersloot said the partial pass-through reflects advanced booking levels already in place before fare increases.
For the full year, Copa continues to expect capacity growth of 11% to 13%, load factor of about 87% and CASM excluding fuel of about 5.7 cents. Based on the current fuel curve and assuming recent yield improvements are sustained, Donkersloot said Copa expects to recover a substantial portion of the increased fuel expense for the year, “reaching up to 100% by the end of the year.”
The company did not update its full-year operating margin or RASM expectations, saying it would review them as conditions stabilize and visibility for the second half improves.
Demand remains broad-based across regions During the analyst question-and-answer session, Heilbron said Copa is seeing strength across its network rather than in any single region.
“There’s always weakness somewhere, but right now, every region we serve is performing very well and is showing strength,” Heilbron said in response to a question from Raymond James analyst Savi Syth.
He also said stronger Latin American currencies are helping demand, noting that Copa prices tickets in U.S. dollars and tends to benefit when regional currencies strengthen. “Most of the important ones or the larger markets are up double digits” compared with a year ago, Heilbron said.
Asked by JPMorgan analyst Julia Orsi about sensitivity to higher fares, Heilbron pointed to April results, saying capacity and traffic both grew around 16% despite industrywide yield adjustments intended to offset fuel costs. He said that combination was “a good testament” to demand strength in the region.
Network expansion and fleet plans continue Copa resumed service to Valencia and Barquisimeto and plans to restart Barcelona in June. Together with existing service to Maracaibo and Caracas, the airline will serve five cities in Venezuela from its Hub of the Americas in Panama. Heilbron said the airline will operate to 87 destinations in 32 countries.
He said Copa is the only international airline that did not stop flying to Venezuela, except for a roughly 10-day window related to safety concerns during a military operation. By June, Copa expects to return to the same Venezuela capacity it had a little more than a year ago, with five cities and more than 40 weekly flights. Heilbron said Venezuela is not expected to have a significant impact on unit revenue or yields because it will be “in the average.”
On fleet, Heilbron said Copa took delivery of two Boeing 737 MAX 8 aircraft during the quarter. He also noted that in April the company announced a new Boeing 737 MAX order for 40 firm aircraft and 20 options, with deliveries scheduled between 2030 and 2034. The order follows the completion of Copa’s current order book in 2029 and is intended to support longer-term growth.
Heilbron said Copa maintains flexibility through options, slide rights, lease expirations and unencumbered aircraft, allowing it to adjust growth if needed. In response to Deutsche Bank analyst Michael Linenberg, he said Copa took delivery of 13 aircraft last year and expects seven or eight deliveries this year.
Donkersloot said cash capital expenditures for the year are expected to be about $300 million, mostly for maintenance. Including fleet capital expenditures, the total would be approximately $750 million to $800 million for the year.
Shareholder returns continue Copa’s board ratified the company’s second quarterly dividend for the year of $1.71 per share, payable June 15 to shareholders of record as of May 29. Donkersloot also said Copa repurchased $45 million of shares during the quarter, representing approximately 1% of total outstanding shares.
Heilbron closed the call by saying Copa has “the strongest network,” low unit costs for a full-service airline and a product he described as superior to most narrow-body competitors. He said the company is “in a really good position to deal with the current crisis and come out ahead as we’ve been able to do in the past.”
About Copa NYSE: CPACopa Holdings, SA NYSE: CPA is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.
The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.
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On May 13, 2026, Marathon Capital Management disclosed in an SEC filing that it sold 23,765 shares of Copa Holdings (CPA +0.32%), an estimated $3.12 million trade based on quarterly average pricing.
Sold 23,765 shares of Copa Holdings; estimated trade size was $3.12 million based on quarterly average pricingQuarter-end position value decreased by $3.06 million, reflecting both share sales and stock price movementsTransaction represented a 0.7% change in 13F reportable AUMPost-trade stake: 27,788 shares valued at $3.16 millionPosition now accounts for 0.71% of fund AUM, which places it outside the fund's top five holdingsWhat happenedAccording to a SEC filing dated May 13, 2026, Marathon Capital Management reduced its holding in Copa Holdings by 23,765 shares during the first quarter of 2026. The estimated transaction value was $3.12 million, based on the average unadjusted closing price for the quarter. The quarter-end value of the position decreased by $3.06 million, reflecting both trading activity and market price changes. The firm now holds 27,788 shares, worth $3.16 million at quarter end.
What else to knowMarathon Capital Management continued to reduce its position in Copa Holdings, which now represents 0.71% of 13F reportable AUMTop holdings after the filing:NASDAQ:TROW: $57.56 million (12.9% of AUM)NYSEMKT:BIL: $17.91 million (4.0% of AUM)NYSE:GLW: $14.30 million (3.2% of AUM)NASDAQ:GOOGL: $14.19 million (3.2% of AUM)NYSE:AZN: $12.85 million (2.9% of AUM)As of May 21, 2026, shares of Copa Holdings were priced at $137.07, up 34.37% over the past year, underperforming the S&P 500 by 6.9 percentage pointsCompany overviewMetricValueRevenue (TTM)$3.62 billionNet income (TTM)$671.65 millionDividend yield4.77%Price (as of market close May 21, 2026)$137.07Company snapshotCPA provides scheduled airline passenger and cargo services across 69 destinations in the Americas and the Caribbean, operating a fleet of Boeing 737 aircraft.Copa generates revenue primarily from ticket sales, ancillary services, and cargo transport, leveraging its hub-and-spoke model based in Panama City.The company serves business and leisure travelers, as well as commercial cargo clients, with a focus on connectivity throughout North, Central, and South America.Copa Holdings is a leading Latin American airline group, operating over 200 daily flights from its strategic hub in Panama City.
What this transaction means for investorsMarathon trimmed Copa Holdings during the first quarter, and with the stock up nearly 19% over the past year, the trade reads more like portfolio housekeeping than a change in view. Copa is worth understanding on its own terms. The airline operates out of Tocumen International Airport in Panama City, which functions as the busiest connecting hub in Latin America — a geographic position that no single-country carrier in the Americas can easily replicate. The business model is simple and disciplined: one fleet type, a focused route network, and a cost structure that has historically supported margins well above the regional airline average. That combination of hub scarcity, operational focus, and lean costs is a durable setup, not one that ages quickly. The risks are real. Copa's passenger base spans markets that can turn fast on currency moves or political instability, and fuel costs come in dollars while revenue is partly denominated in weaker regional currencies. The metrics worth watching are load factor and unit costs — when those move together, the earnings story tends to follow. Copa isn't priced like a premium business despite operating like one, which is partly the EM risk discount that follows any Latin American asset. For investors comfortable with that trade-off, the setup is more interesting than a routine institutional trim might suggest.
Seena Hassouna has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, AstraZeneca Plc, Corning, and T. Rowe Price Group. The Motley Fool recommends Copa. The Motley Fool has a disclosure policy.
SoFiUSD Becomes the First Stablecoin Issued by a US National Bank to Launch on a Banking Platform SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, everything app for digital financial services, announced today that SoFiUSD, a bank-issued U.S. dollar stablecoin, is available for SoFi members to buy, sell, hold, and convert directly within the SoFi app.
This marks the first time that a U.S. national bank-issued stablecoin is available directly on a banking app. By expanding SoFiUSD to its nearly 15 million members, SoFi is building the bridge between traditional banking and digital assets. By integrating blockchain technology within its banking ecosystem, SoFi is helping to make digital financial tools more accessible, practical, and trustworthy.
“At SoFi, we believe we can combine the speed and versatility of the blockchain with the trust of a bank to improve how money moves around the world,” said Anthony Noto, CEO of SoFi. “People no longer have to choose between blockchain technology and regulated banking products. With SoFiUSD, we’re giving our members a single place to buy, hold, and pay with digital assets in the same app they already use to save, spend, borrow, and invest.”
A New Standard for Trust in Digital Assets
SoFiUSD is the first stablecoin issued by a U.S. national bank and offers:
1:1 Redemption: SoFiUSD is redeemable 1:1 for U.S. dollars from SoFi Bank. SoFi Bank maintains liquid assets to support all outstanding SoFiUSD. Bank-Grade Safeguards: Members benefit from the transparency of a regulated institution, including regular attestations that are performed by an independent Certified Public Accountant (CPA) licensed in the United States. Multi-Chain Flexibility: SoFiUSD is available on Ethereum and Solana – two of the largest networks for digital asset transactions – with additional networks being added. Today’s launch is the first phase of a broader roadmap to integrate stablecoin utility across the entire SoFi ecosystem. In the coming weeks, SoFi plans to rapidly add to their product offering by:
Building the ability for SoFi members to convert SoFiUSD into tokenized deposits, allowing members to earn interest and access FDIC insurance on the deposits. Separate deposit account terms will apply. Offering global mobility on the blockchain, by allowing SoFi members to move value across borders 24/7/365, with fewer delays and lower costs than typical legacy financial systems. Launching SoFiUSD on its first centralized exchange partner, Bullish, to provide seamless trading for institutional clients. This relationship further supports stable pricing and efficient execution for high-volume trades. SoFiUSD is built to help bridge the gap between the flexibility of a stablecoin and the stability of a bank. It is supported by deep institutional liquidity and efficient execution, helping promote stable pricing and reliable high-volume trading for all members. Members can access SoFiUSD starting today, with full availability expected by early June as users update to the latest version of the SoFi app. Learn more about SoFiUSD here.
About SoFi
SoFi Technologies (NASDAQ: SOFI) is the everything app for digital financial services on a mission to help people achieve financial independence to realize their ambitions. 14.7 million members trust SoFi to borrow, save, spend, invest, and protect their money and buy, sell and hold their crypto – all in one app – and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi’s technology platform Galileo to build and manage innovative financial solutions across 133 million global accounts. For more information, visit www.sofi.com or download our iOS and Android apps.
Disclosures:
CRYPTOCURRENCY AND OTHER DIGITAL ASSETS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
SOFID is a payment stablecoin issued by SoFi Bank, N.A., regulated by the OCC. SOFID is designed to maintain a stable value relative to the U.S. dollar. SOFID is not a deposit, is not insured by the FDIC or SIPC, is not bank guaranteed, is not legal tender, and may lose value. Blockchain transactions are generally irreversible and may be subject to delays, disruptions, or permanent loss. Terms, conditions, and restrictions apply. See the SOFID Terms of Use and SOFID Risk Disclosure before transacting and more details.
Availability of Other Information About SoFi
Investors and others should note that we communicate with our investors and the public using our website (https://www.sofi.com), the investor relations website (https://investors.sofi.com), and on social media (X and LinkedIn), including but not limited to investor presentations and investor fact sheets, Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that SoFi posts on these channels and websites could be deemed to be material information. As a result, SoFi encourages investors, the media, and others interested in SoFi to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on SoFi’s investor relations website and may include additional social media channels. The contents of SoFi’s website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Certain of the statements above are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding expectations for the expansion of the SoFiUSD product offering and other related future products, SoFi’s ability to convert SoFiUSD into tokenized deposits and the ability of tokenized deposits to earn interest and access FDIC insurance, expectations regarding SoFi’s partnership with Bullish and its effect on stable pricing and trade execution, SoFi’s ability to navigate the regulatory environment related to the products it launches, demand for SoFi products, expectations regarding the future of financial services and the adoption of stablecoin to power financial infrastructure, and the financial position, business strategy and plans and objectives of management for SoFi’s future operations. These forward-looking statements are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. Words such as “expect”, “could”, “continue”, “future”, “may”, “plan”, “will”, “will be”, “will continue”, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: (i) the impact on each of SoFi’s and their partners’ business as a result of the regulatory environment, changes in governmental policies, changes in personnel and resources of the governmental agencies that regulate us, and complexities with compliance related to such environment; (ii) SoFi’s and their partners’ ability to continue to drive brand awareness and realize the benefits of their respective marketing and advertising campaigns; (iii) SoFi’s ability to manage planned products effectively and expectations regarding the development and expansion of its business; (iv) SoFi’s ability to predict the demand for new products and the future of the financial services industry; (v) SoFi’s ability to develop new products, features and functionality that are competitive and meet market needs; (vi) SoFi’s ability to maintain the security and reliability of their respective products; and (vii) the outcome of any legal or governmental proceedings instituted against SoFi. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties set forth in the section titled “Risk Factors” in SoFi’s last annual report on Form 10-K as filed with the Securities and Exchange Commission, and those that are included in any future filings with the Securities and Exchange Commission. These forward-looking statements are based on information available as of the date hereof and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing SoFi’s views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
The ongoing tensions between the United States and Iran have resulted in a sharp rise in oil prices, a key input cost for airlines. The ongoing uncertainty over talks between them has repeatedly put the fragile ceasefire under strain. Stocks in the Zacks Transportation - Airline industry have been badly hit by this uncertain scenario that has resulted in multiple flight cancellations and disruptions to connectivity. Crude prices have moved sharply on headlines tied to the Strait of Hormuz, a critical shipping route
Oil prices have remained elevated, currently fluctuating between $90 and $95 per barrel. High labor costs are also hurting bottom-line growth. Despite these headwinds, the industry has shown resilience, particularly among companies focusing on growth strategies and operational efficiency. The upbeat air-travel demand witnessed during the Memorial Day weekend is also a positive for airline stocks. Notable players expected to withstand these challenges include American Airlines (AAL - Free Report) , Copa Holdings (CPA - Free Report) . and Allegiant Travel Company (ALGT - Free Report) .
About the Industry The Zacks Airline industry players are engaged in transporting passengers and cargo to various destinations globally. Most operators maintain a fleet of multiple mainline jets in addition to several regional planes. Their operations are aided by the regional airline subsidiaries and third-party regional carriers. Additionally, industry players utilize their respective cargo divisions to offer a wide range of freight and mail services. The players invest substantially to upgrade technology. The industry, apart from comprising legacy carriers, includes low-cost players. The well-being of companies in this group is linked to the health of the overall economy. For example, the aviation space was one of the worst pandemic-hit corners, with passenger revenues taking a beating. However, air travel demand has improved from the pandemic lows, despite the current high oil price scenario.
Factors Relevant to the Industry's Fortunes Surge in Fuel Costs – A Bane: The ongoing conflict in the Middle East has resulted in a sharp jump in oil prices. This northward movement in oil prices is naturally hurting the bottom line of airlines. This is because fuel expenses represent a key input cost for airlines. With most U.S. carriers having abandoned fuel hedging strategies, such an oil supply disruption has left them fully exposed to price spikes. This development may hurt the second-quarter earnings of airlines, particularly in the event of the conflict persisting.
Uptick in Labor Costs: The increase in expenses on the labor front represents another challenge for airlines. For example, at American Airlines, salaries and related costs have increased 10.7% year over year in the first quarter of 2026. With U.S. airlines grappling with labor shortages, the bargaining power of various labor groups has naturally increased. As a result, we have seen pay-hike deals being inked in the space. This is resulting in a spike in labor costs, limiting bottom-line growth in turn.
Upbeat Summer Travel – A Positive: Despite headwinds like high inflation, elevated fuel and labor costs, air-travel demand, particularly on the leisure front, remains healthy as exemplified by the upbeat Memorial Day weekend air travel scenario. In fact, passenger volumes, despite high air fares, are expected to remain strong during the entire summer season. For example, American Airlines expects record travel during the summer season (May 21-Sept. 8). During the period, the airline expects to fly 75 million passengers across 750,000 flights, smashing its previous record established in 2019.
Strong Financial Returns for Shareholders: With economic activities gaining pace from the pandemic lows, more and more companies are allocating their increasing cash pile by way of dividends and buybacks to pacify long-suffering shareholders. This underlines their financial strength and business confidence.
Among airlines, CPA’s board of directors approved a dividend hike of 6.2%, thereby raising its quarterly cash dividend to $1.71 per share ($6.84 annualized) from $1.61 ($6.44 annualized). The move reflects CPA’s intention to utilize free cash to enhance its shareholders’ returns.
Zacks Industry Rank Signals Dull Prospects The Zacks Airline industry is a 23-stock group within the broader Zacks Transportation sector. The industry currently carries a Zacks Industry Rank #233, which places it in the bottom 9% of 245 Zacks industries.
The group’s Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates murky near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate.
Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential. The industry's earnings estimate for 2026 has decreased 36.1% on a year-over-year basis.
Before we present a few stocks from the industry that you may want to hold on to, let’s take a look at the industry’s recent stock market performance and the valuation picture.
Industry Surpasses Sector but Lags S&P 500 Over the past year, the Zacks Transportation - Airline industry has gained 23.2% compared with the S&P 500 composite’s rise of 31.2%. The broader sector has gained 22.1% in the said time frame.
One-Year Price Performance
Valuation Picture The price/sales (P/S) ratio is often used to value airline stocks. The industry currently has a forward 12-month P/S of 0.57X compared with the S&P 500’s 5.27X. It is also below the sector’s forward-12-month P/S of 1.4X.
Over the past five years, the industry has traded as high as 0.88X, as low as 0.29X and at the median of 0.45X.
Forward 12-Month Price-to-Sales Ratio (Past Five Years) 3 Airline Stocks to Monitor Now American Airlines is based in Fort Worth, TX. Strong air travel demand, particularly on the leisure front, despite high fuel costs, is aiding AAL. Efforts to broaden its network are also praiseworthy.
The company’s high debt levels are worrisome. The carrier’s earnings have surpassed the Zacks Consensus Estimate in three of the past four quarters (missing the mark in the other quarter). The average beat is 2.6%. American Airlines currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Price and Consensus: AAL
Copa Holdings, based in Panama City, Panama, currently carries a Zacks Rank #3. The company is benefiting from strong domestic air travel demand owing to factors like regional economic expansion, its ability to adapt to market trends, and focus on innovative strategies.
Despite the tough conditions, the airline demonstrated resilience. Copa Holdings’ earnings beat the Zacks Consensus Estimate in three of the past four quarters (missing the mark on the other occasion). The average beat is 6.5%. The Zacks Consensus Estimate for current and next-year earnings has been revised 0.7% and 4.7% upward over the past 60 days, respectively.
Price and Consensus: CPA
Allegiant Travel's unique business model, coupled with its low-cost nature, offers diversified revenue streams from leisure travel flights as well as multiple travel services and product offerings. Efforts to upgrade its fleet are praiseworthy as well. ALGT aims to end the second quarter of 2026 with a fleet size of 125.
ALGT’s earnings surpassed estimates in three of the last four quarters and missed the mark once. The average beat was 21.9%. Allegiant currently carries a Zacks Rank #3.
A model aircraft is displayed during a ceremony where Copa Airlines signed a $13.5 billion deal with Boeing and GE Aerospace to buy up to 60 Boeing 737 Max aircraft over the next eight years,... Purchase Licensing Rights, opens new tab Read more
CompaniesRIO DE JANEIRO, June 7 (Reuters) - Copa Airlines (CPA.N), opens new tab has no plans to hedge fuel despite the recent price shock linked to the war in Iran, CEO Pedro Heilbron told Reuters, betting its strong balance sheet and pricing adjustments will help absorb the impact.
The Panamanian carrier has not used fuel hedges for more than a decade and does not intend to change course, he added in an interview on Saturday on the sidelines of a global gathering of airline executives in Rio de Janeiro.
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"We're just assuming the cost," Heilbron said. "Yields have been adjusted, but we're not covering 100%. It's a partial impact."
Airlines globally have been raising fares in response to higher fuel costs, though increases are constrained by competition and demand sensitivity. The industry is banking on fuel prices to gradually ease, the executive said.
Heilbron noted Copa's strong liquidity and conservative balance sheet provide flexibility to weather volatility. "That gives us room to maneuver and to also be resilient," he said.
Demand in Latin America has remained healthy, Heilbron said, supported by stronger currencies in key markets such as Brazil.
Copa, which operates a hub model from Panama connecting destinations across the Americas and flies only Boeing (BA.N), opens new tab 737 aircraft, continues to grow in line with deliveries from the U.S. planemaker.
The carrier recently agreed to buy up to 60 737 MAX jets, which Heilbron said would enable both expansion and fleet renewal.
"There's high demand for new aircraft for both Boeing and Airbus (AIR.PA), opens new tab. So if one doesn't order early enough, then one is left without deliveries. So this new order is from 2030 to 2034," he said.
The order includes flexibility across MAX variants and options for the larger MAX 10, which has yet to be certified. Copa is reviewing its future fleet mix and has not made a final decision on the variant.
Boeing's performance has improved, with deliveries arriving on time or slightly ahead of schedule, the CEO said.
Reporting by Gabriel Araujo and Luciana Magalhães in Rio de Janeiro, editing by Manuela Andreoni
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Gabriel is a Sao Paulo, Brazil-based reporter covering Latin America's financial and breaking news from the region's largest economy. A graduate of the University of Sao Paulo, joined Reuters while in college as a Commodities & Energy intern and has been with the firm ever since. Previously covered sports - including soccer and Formula One - for Brazilian radios and websites.
An American Airlines airplane sits parked at Fort Lauderdale - Hollywood International Airport as a United Airlines flight lands, in Fort Lauderdale, Florida, U.S., April 23, 2026.... Purchase Licensing Rights, opens new tab Read more
WASHINGTON, June 8 (Reuters) - Fuel costs for U.S. airlines jumped 78% in April to nearly $6.5 billion compared with the year before, as the Middle East conflict drives up jet fuel prices, the U.S. Transportation Department said Monday.
Airlines' fuel costs were up 26% over March and carriers used 2.6% less fuel in April over March, USDOT said in a monthly report.
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The cost per gallon of fuel in April was $4.11, up $1.81 over April 2025, USDOT added, a trend that has already had an impact on the sector. Spirit Airlines, an ultra low-cost U.S. carrier, ceased operations in May, saying rising fuel prices left it no choice.
Delta Air Lines (DAL.N), opens new tab, United Airlines (UAL.O), opens new tab, American Airlines (AAL.O), opens new tab and Southwest Airlines (LUV.N), opens new tab account for about 80% of U.S. domestic flights.
The International Air Transport Association, which represents more than 370 airlines accounting for about 85% of global air traffic, said in its annual report Sunday that it expects the industry to post a combined net profit of $23 billion in 2026, well below a previous projection of about $41 billion and down from $45 billion in 2025.
Average fares for flights with a U.S. origin have risen this year by as much as 31% for domestic trips and 22% for international ones, when compared to the same weeks in 2025, according to KAYAK search data.
The Middle East conflict, triggered by U.S. and Israeli airstrikes on Iran, has also forced airlines to reroute flights around closed or restricted airspace, increasing fuel burn and straining already tight capacity.
Oil prices have surged on fears of supply disruption, pushing jet fuel prices sharply higher and widening refinery margins, leaving airlines facing a steep jump in their largest cost.
IATA expects airlines' fuel bill to surge to about $350 billion this year from roughly $252 billion in 2025, with fuel accounting for nearly a third of operating costs.
Reporting by David Shepardson; Editing by Mark Porter and David Holmes
Our Standards: The Thomson Reuters Trust Principles., opens new tab
On June 10, 2026, Copa Holdings SA CPA shares fell 5.1% to $128.51. This decline comes amid a 52-week trading range of $99.32 to $156.41, reflecting both volatility and potential investor concern.
GF Value™ verdict indicates that CPA is currently priced above its estimated fair value of $112.81, representing a 13.9% overvaluation.With a GF Score™ of 87/100, CPA is considered strong, suggesting it has the potential for long-term outperformance.Notable signals include a momentum rank of 8/10, indicating positive short-term price performance. Is CPA Overvalued or Undervalued? Currently, Copa Holdings SA CPA is trading at $128.51, which is above its GF Value™ estimate of $112.81. This positions the stock as overvalued by approximately 13.9%. The GF Valuation label classifies CPA as modestly overvalued, suggesting that the current price may not adequately reflect the company's intrinsic value. With the stock trading above its fair value, there is a possible risk of price correction, which could impact potential returns for investors.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Investors may want to consider the margin of safety when evaluating their position, as an overvalued stock carries the risk of price declines should market sentiments shift.
How Does CPA's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 7.5x 7.8x Forward P/E 8.1x N/A Currently, CPA's P/E (TTM) stands at 7.5x, which is 4% below its 5-year median P/E of 7.8x. The forward P/E of 8.1x indicates an expectation of slight earnings growth. This P/E analysis aligns with the GF Value™ verdict that suggests the stock is overvalued, as it is trading below its historical valuation metrics, potentially indicating that the current price does not justify the earnings yield offered by the stock.
What Does CPA's GF Score™ Tell Us? Metric Rating GF Score™ 87/100 Financial Strength 6/10 Profitability 8/10 Growth 8/10 Valuation 6/10 Momentum 8/10 The GF Score™ of 87/100 indicates a strong overall performance, particularly in profitability and growth, both rated at 8/10. However, the financial strength score of 6/10 and valuation score of 6/10 suggest areas for improvement. The strong momentum rank also reflects positive short-term price performance, which could indicate potential resilience in volatile markets.
What Are Insiders Doing with CPA Stock? In the last three months, there have been no insider transactions reported for Copa Holdings SA CPA . The absence of insider buying or selling can often indicate a lack of significant changes in management sentiment regarding the stock. This lack of activity may suggest that insiders are either confident in the company’s current valuation or are waiting for a more favorable market condition to act.
What This Means for Investors Based on the current assessment, Copa Holdings SA CPA is classified as overvalued according to the GF Value™ estimate. This suggests that potential investors should consider the risks associated with entering a position at this price level, especially given the 13.9% overvaluation relative to the intrinsic value.
For the complete analysis, visit the Copa Holdings SA CPA stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is CPA's GF Score™?
CPA's GF Score™ is 87/100, indicating a strong overall performance based on key factors that predict long-term returns.
Is CPA overvalued or undervalued?
CPA is currently overvalued, with the GF Value™ estimate suggesting a fair value of $112.81 compared to the current price of $128.51.
What is CPA's P/E ratio?
CPA has a P/E (TTM) ratio of 7.5x, which is slightly below its 5-year median P/E of 7.8x, indicating a modestly favorable earnings yield compared to historical levels.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Bitcoin's highest-conviction holders have joined the sell-off in the cryptocurrency, which could signal the beginning of the end of the ongoing crypto slump, according to Compass Point.
Long-term holders — defined as those who have held onto their coins for at least 155 days, or about five months — were largely inactive from February to April but have turned into sellers in recent weeks, Compass Point analyst Ed Engel said in a note Tuesday.
In the past two days they've sold about $2.4 billion in bitcoin, "which has large implications on BTC's supply/demand balances," Engel said.
He also highlighted that 26% of bitcoin sold in the past 30 days came from investors who bought it above $90,000.
"This cohort of top-buyers had been resilient throughout the bear market; however, they're finally capitulating as BTC approaches new cycle lows," he added. "Top-buyer capitulation is a very common theme in late cycle bear markets. This makes us more confident that BTC's bear market is in late stages."
Bitcoin has been struggling to climb back toward its October record of more than $126,000 as uncertainty around the Iran war has kept the price under pressure. Meanwhile, the stock market has risen to new records. The divergence has investors questioning both of bitcoin's dominant narratives: that it is "digital gold" that should benefit from geopolitical uncertainty, and that it trades like a high beta tech stock.
On Tuesday, bitcoin ETFs registered their 12th day in a row — and longest streak ever — of net outflows, according to SoSoValue. Net assets across bitcoin ETFs fell to $85 billion from $107.8 billion on May 14.
Bitcoin is down 12% week-to-date after some fear-based unloading on Monday — following Strategy's minor sale of 32 coins — triggered a cascade of long liquidations that accelerated the downward pressure.
Still, analysts say Strategy's sale is not a significant factor driving bitcoin's price.
"ETF flows are the primary driver of BTC price appreciation, explaining approximately 45% of weekly return variation, and the best vehicle for tracking investor adoption/appetite," Citi analyst Alex Saunders said in a note. "Recent flows have been negative, and the chances for the passage of a U.S. market structure bill (a potential catalyst for renewed investor interest in our view) are diminishing.
"We expect sentiment to remain lackluster, especially as the divergence with equity performance remains stark, absent positive news on the regulatory front or 'de-basement trade' fears around fiscal position," he added.
, /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) ("BMNR," "Bitmine" or the "Company") today announced that, subject to market and other conditions, it intends to offer, in a public offering (the "offering") registered under the Securities Act of 1933, as amended (the "Securities Act"), 3,000,000 shares of BMNR's 9.50% Series A Perpetual Preferred Stock (the "Series A Preferred Stock").
BMNR intends to use the net proceeds from the offering for general corporate purposes, which may include the acquisition of additional ETH and other digital assets; the expansion of the Company's staking and validator infrastructure, including through MAVAN; working capital; strategic investments aligned with the Ethereum ecosystem and broader digital asset adoption; and/or repurchases of the Company's common stock under its share repurchase program.
The Series A Preferred Stock will accumulate cumulative dividends at a fixed rate of 9.50% per annum on the stated amount, which is $100 per share of Series A Preferred Stock, regardless of whether or not declared or funds are legally available for their payment (the "stated amount"). Regular dividends on the Series A Preferred Stock will be payable when, as and if declared by BMNR's board of directors, out of funds legally available for their payment, weekly in arrears; provided that the Company may in the future elect, in its sole discretion, to pay regular dividends more frequently. Declared regular dividends on the Series A Preferred Stock will be payable solely in cash. In the event that any accumulated regular dividend on the Series A Preferred Stock is not paid on the applicable regular dividend payment date, then additional regular dividends ("compounded dividends") will accumulate on the amount of such unpaid regular dividend, compounded weekly at the compounded dividend rate. The Company will have the flexibility to elect to increase the payment frequency of regular dividends to be more often than weekly and, in the event that the Company so elects, the additional dividend rate increase per regular dividend period will be proportionately reduced to reflect such shorter regular dividend period such that the maximum aggregate additional dividend rate increase per annum is 260 basis points.
The compounded dividend rate applicable to any unpaid regular dividend that was due on a regular dividend payment date will initially be a rate per annum equal to 9.50% plus 5 basis points (based on a weekly regular dividend period); provided, however, that, until such regular dividend, together with compounded dividends thereon, is paid in full, such compounded dividend rate will increase by 5 basis points per annum (based on a weekly regular dividend period) for each subsequent regular dividend period, up to a maximum dividend rate of 15% per annum.
The Company will have the right, at its election, to redeem the Series A Preferred Stock, in whole or in part, at any time, or from time to time, for cash as follows: (i) from the original issue date until eighteen (18) months after the original issue date, at a redemption price equal to 110% of the stated amount per share; (ii) from eighteen (18) months to three (3) years after the original issue date, at a redemption price equal to 105% of the stated amount per share; and (iii) after three (3) years following the original issue date, at a redemption price equal to 100% of the stated amount per share; plus, in each case, accumulated and unpaid dividends thereon to, but excluding, the redemption date.
In addition, the Company will have the right to redeem all, but not less than all, of the Series A Preferred Stock if the total number of shares of all Series A Preferred Stock then outstanding is less than 25% of the total number of shares of Series A Preferred Stock originally issued in the offering and in any future offering taken together. The Company will also have the right to redeem all, but not less than all, of the Series A Preferred Stock if certain tax events occur. The redemption price for any Series A Preferred Stock to be redeemed in connection with a clean-up call or tax event will be a cash amount equal to the liquidation preference of the Series A Preferred Stock to be redeemed as of the business day before the date on which the Company sends the related redemption notice, plus accumulated and unpaid regular dividends to, but excluding, the redemption date.
If an event that constitutes a "fundamental change" under the certificate of designations governing the Series A Preferred Stock occurs, then holders of the Series A Preferred Stock will have the right to require BMNR to repurchase some or all of their shares of Series A Preferred Stock at a cash repurchase price equal to the stated amount of the Series A Preferred Stock to be repurchased, plus accumulated and unpaid regular dividends, if any, to, but excluding, the fundamental change repurchase date.
The liquidation preference of the Series A Preferred Stock shall initially be $100 per share. Effective immediately after the close of business on each business day after the initial issue date (and, if applicable, during the course of a business day on which any sale transaction to be settled by the issuance of Series A Preferred Stock is executed, from the exact time of the first such sale transaction during such business day until the close of business of such business day), the liquidation preference per share of Series A Preferred Stock will be adjusted to be the greatest of (i) the stated amount per share of Series A Preferred Stock; (ii) in the case of any business day with respect to which the Company has, on such business day or any business day during the ten (10) trading day period preceding such business day, executed any sale transaction to be settled by the issuance of Series A Preferred Stock, an amount equal to the last reported sale price per share of Series A Preferred Stock on the trading day immediately before such business day; and (iii) the arithmetic average of the last reported sale prices per share of Series A Preferred Stock for each trading day of the ten (10) consecutive trading days immediately preceding such business day; provided, however, that, if applicable, the reference in (iii) to ten (10) will be replaced by such lesser number of trading days as have elapsed during the period from, and including, the initial issue date to, but excluding, such business day. However, the liquidation preference will not be adjusted to an amount that is less than $100 per share.
BMNR has applied to list the Series A Preferred Stock on The New York Stock Exchange under the symbol "BMNP." If the listing is approved, BMNR expects trading to commence within 30 days after the date the Series A Preferred Stock is first issued.
Moelis & Company and Cantor are acting as joint lead bookrunners for the offering.
The offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-288579), filed with the Securities and Exchange Commission (the "SEC") on July 9, 2025 (the "Registration Statement"). The offering will be made only by means of a prospectus supplement and an accompanying prospectus included in the Registration Statement. An electronic copy of the preliminary prospectus supplement, together with the accompanying prospectus, is available on the SEC's website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement, together with the accompanying prospectus, can be obtained by contacting: Moelis & Company LLC, 399 Park Avenue 4th Floor, New York, NY 10022, by phone: 1-800-539-9413, or Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, NY 10022, by phone: 1-212-938-5000, or by email: [email protected].
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities referred to in this press release, nor will there be any sale of any such securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements include, but are not limited to, statements relating to the size and timing of the offering, the anticipated use of any proceeds from the offering, the terms of the securities being offered, the payment of dividends, and the expected listing of the Series A Preferred Stock on the NYSE. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations, and proposed future business; the competitive environment of Bitmine's business; market conditions affecting the trading price of the Company's common stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; and the future value of Bitcoin and Ethereum. Actual results and future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Any forward-looking statements contained in this press release speak only as of the date hereof, and BMNR specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
Eightco treasury composition as of June 3, 2026: $90M OpenAI equity (indirect), $18M Beast Industries equity, 16,278 ETH, 283 million WLD holdings, and $142M cash and equivalents, totaling approximately $437 million
World offers a solution to the 'double human' problem in a world proliferating with deepfakes
Eightco provides indirect exposure to some of the most innovative private companies including OpenAI and Beast Industries
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" or the "Company") today provided an update on its total holdings, highlighting its growing position across digital assets and strategic investments in leading private technology companies.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
As of June 3, 2026, at 6:00 p.m. ET, ORBS' holdings include a $90 million investment (indirectly, through SPVs) in OpenAI, an $18 million funded investment in Beast Industries, a $1 million investment in Mythical Games, 283,452,700 Worldcoin (WLD) at $0.55 per WLD (per Coinbase), 16,278 Ethereum (ETH), and approximately $142 million in total cash and stablecoins, for total holdings of approximately $437 million.
Top AI Headlines Driving the News:
ORBS management believes the Company's treasury portfolio holds some of the most critical components for the future AI and digital financial system. Among the holdings, key highlights in recent weeks are:
On June 1, Anthropic, recently valued at nearly $1 trillion, confidentially filed for a U.S. IPO, setting up what could become one of the most significant technology offerings in history (Reuters). The Anthropic news comes out amidst news that OpenAI is preparing to file to go public in the coming weeks (The New York Times). On June 1, Alphabet, parent company of Google, announced plans to raise up to $80 billion to fund AI-related investments and computing infrastructure to meet unprecedented demand (CNBC). "The market is witnessing one of the largest technology investment cycles in history as AI reshapes industries, business models, and the global economy," said Thomas "Tom" Lee, Board Member of Eightco. "Anthropic's filing highlights the expectation of enormous investor appetite for AI companies. With OpenAI's filing reported to be upcoming, we believe OpenAI sits at the center of this transformation, and ORBS' exposure to the company provides shareholders with participation in what we view as one of the most significant value creation opportunities of the coming decade."
Data compiled by Fundstrat shows that "non-humans" now account for the following estimated shares of volume on various platforms:
- 75% of Polymarket trading volume
- 53% of web traffic
- 47% of emails sent
- 44% of US equity buy-side execution
- 35% of new website creation
- 30% of online product reviews Eightco: Exposure to key mega-trends
Eightco is built around three mega-trends the Company expects to shape the next decade of innovation: artificial intelligence, digital identity, and the creator economy, with positions in each trend through indirect investment in OpenAI (21% of ORBS' treasury holdings), Worldcoin (36%), and Beast Industries (4%).
Artificial Intelligence — OpenAI
Eightco has invested approximately $90 million in special purpose vehicles with exposure to equity interests in the parent company of OpenAI, representing approximately 21% of treasury assets, one of the highest disclosed concentrations of any listed vehicle.
ChatGPT, OpenAI's consumer app, is the #1 consumer AI app worldwide (Sensor Tower) and crossed 900 million weekly active users in February 2026, making it the fastest-scaling consumer technology in history (UBS via Reuters).
Digital Identity — WLD Token
Eightco holds over 283 million WLD, approximately 8.4% of circulating supply, the largest publicly disclosed institutional position globally and approximately 36% of the Eightco treasury's assets.
Worldcoin is the native token of World, a global Proof of Human network built by Tools for Humanity (co-founded by Sam Altman and Alex Blania) and stewarded by the World Foundation. Its Orb devices issue a privacy-preserving World ID that verifies a user is a unique human, not an AI agent.
Under World's announced business model, applications pay per-verification fees while end-user verification remains free, with both credential issuers and the World protocol monetizing verified-human authentication. World identifies a $6.35 trillion combined addressable revenue opportunity across 13 industries spanning banking, e-commerce, gaming, social media, and agentic AI (per Tools for Humanity).
Creator Economy — Beast Industries
Eightco has invested $18 million in Beast Industries equity, approximately 4% of treasury assets.
Beast Industries operates one of the largest direct-to-consumer reach footprints in the world, with a combined 500 million-plus follower base across platforms, anchored by MrBeast as the most-watched person on YouTube globally. As AI commoditizes content production, distribution and audience trust become increasingly scarce assets.
About Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company executing a first-of-its-kind Worldcoin (WLD) treasury strategy, providing investors single-ticker indirect exposure to three of the defining trends of this cycle: artificial intelligence through its indirect investment in OpenAI, digital identity through its position as the largest public holder of WLD and the Proof of Human protocol, and the creator economy through its equity stake in MrBeast's Beast Industries. Backed by leading institutional investors including Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, CoinFund, Discovery Capital Management, FalconX, Payward/Kraken, Pantera, and GSR, Eightco is building the infrastructure layer for human verification in the agentic AI era.
For more information:
X: @iamhuman_orbs
Website: 8co.holdings
Frequently Asked Questions
What is ORBS stock?
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company on Nasdaq. ORBS provides indirect exposure to: OpenAI and Beast Industries.
Who owns the most Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) holds 283 million WLD, approximately 8.4% of circulating supply and the largest publicly disclosed institutional position globally.
What is Proof of Human?
Proof of Human is cryptographic verification that a user is a unique, living person, not a bot or AI agent. It is foundational infrastructure for social networks, banking, agentic commerce, and any system requiring "one person, one account" in the agentic AI era.
How does Eightco (ORBS) relate to Proof of Human?
Eightco Holdings (NASDAQ: ORBS) is the largest publicly disclosed institutional holder of Worldcoin (WLD), the token powering World's Proof of Human network.
Who is the CEO of Eightco Holdings?
Kevin O'Donnell is the CEO of Eightco Holdings (NASDAQ: ORBS). The Company's Board includes Tom Lee (Managing Partner and Head of Research at Fundstrat, and Chairman of Bitmine Immersion Technologies (NYSE: BMNR)) and, as an advisor to the Board, Brett Winton (Chief Futurist at ARK Invest).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward-looking, including, without limitation, statements regarding: the Company's expectations that artificial intelligence, digital identity, and the creator economy will shape the next decade of innovation; expectations regarding the development and adoption of agentic artificial intelligence; media reports regarding OpenAI allegedly preparing to file for an IPO in the coming weeks and expectations that any OpenAI IPO would be among the most significant technology offerings; statements by the Company's Board Member regarding the current technology investment cycle being one of the largest in history, the expectation of enormous investor appetite for AI companies, the belief that OpenAI sits at the center of the AI transformation, and the belief that ORBS' exposure to OpenAI represents one of the most significant value creation opportunities of the coming decade; statements regarding Alphabet's announced plans to raise up to $80 billion for AI-related investments; statements regarding non-human and bot activity percentages across internet platforms, including Polymarket trading volume, web traffic, email, equity execution, website creation, and online product reviews; expectations regarding the adoption of the World ID protocol and the World network across enterprise and consumer applications; beliefs that Proof-of-Human verification is becoming essential infrastructure for social networks, banking, agentic commerce, and financial systems in the agentic AI era; statements regarding World's addressable revenue opportunity of $6.35 trillion across industries spanning banking, e-commerce, gaming, social media, and agentic AI; statements regarding the importance of distribution and audience trust as AI commoditizes content production; and the Company's belief that its treasury portfolio holds critical components for the future AI and digital financial system. Words such as "plans," "expects," "will," "anticipates," "continue," "expand," "advance," "develop," "believes," "guidance," "target," "may," "remain," "project," "outlook," "intend," "estimate," "could," "should," and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management's current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the Company's inability to direct the management or operations of private businesses where the Company is not a controlling stockholder, including OpenAI and Beast Industries; risk of loss or markdown on the Company's strategic investments, including its indirect position in OpenAI equity (held through special purpose vehicles), its position in WLD, and its position in Beast Industries equity; the Company's ability to maintain compliance with Nasdaq's continued listing requirements; unexpected costs, charges or expenses that reduce the Company's capital resources or otherwise delay capital deployment; inability to raise adequate capital to fund or scale its business operations or strategic investments; volatility in digital asset prices, including WLD and ETH, which could materially affect the value of the Company's treasury holdings; regulatory changes, future legislation and rulemaking negatively impacting digital assets, artificial intelligence adoption, or biometric data collection; risks related to the development, adoption, and market acceptance of Proof-of-Human technology and the World network; uncertainty regarding the pace and trajectory of agentic AI deployment in enterprise and consumer applications; uncertainty regarding OpenAI's product roadmap and the timing or success of any IPO; risks that third-party data regarding non-human internet activity may be inaccurate or subject to change; risks related to Beast Industries' ability to achieve its growth projections; and shifting public and governmental positions on digital assets or artificial intelligence-related industries. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco's actual results to differ from those contained in the forward-looking statements herein, see Eightco's filings with the Securities and Exchange Commission (the "SEC"), including the risk factors and other disclosures in its Annual Report on Form 10-K filed with the SEC on April 15, 2026 and other publicly available SEC filings. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.
Samenstelling van de treasury van Eightco op 3 juni 2026: USD 90 miljoen aan OpenAI-aandelen (indirect), USD 18 miljoen aan aandelen van Beast Industries, 16.278 ETH, 283 miljoen WLD-activa en USD 129 miljoen aan liquide middelen en kasequivalenten, goed voor een totaal van ongeveer USD 437 miljoen.
World biedt een oplossing voor het probleem van dubbele menselijke identiteit in een wereld die overspoeld wordt door deepfakes
Eightco biedt indirecte blootstelling aan enkele van de meest innovatieve private bedrijven, waaronder OpenAI en Beast Industries.
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" of het "Bedrijf") heeft vandaag een update gegeven over zijn totale activa, waarbij zijn groeiende positie in digitale activa en strategische investeringen in toonaangevende private technologiebedrijven wordt benadrukt.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
Op 3 juni 2026 om 18:00 uur (ET) omvatten de activa van ORBS een investering van USD 90 miljoen (indirect, via SPV's) in OpenAI, een gefinancierde investering van USD 18 miljoen in Beast Industries, een investering van USD 1 miljoen in Mythical Games, 283.452.700 Worldcoin (WLD) tegen USD 0,55 per WLD (volgens Coinbase), 16.278 Ethereum (ETH) en ongeveer USD 142 miljoen aan liquide middelen en stablecoins, wat neerkomt op totale bezittingen van ongeveer USD 437 miljoen.
De belangrijkste AI-nieuwsberichten die het nieuws bepalen:
Het management van ORBS is van mening dat de treasuryportefeuille van het Bedrijf enkele van de meest essentiële bouwstenen bevat voor het toekomstige AI- en digitale financiële systeem. Binnen de portefeuille springen de volgende ontwikkelingen van de afgelopen week eruit:
Op 1 juni diende Anthropic, onlangs gewaardeerd op bijna USD 1 biljoen, vertrouwelijk in voor een Amerikaanse beursgang, waardoor een van de belangrijkste technologische aanbiedingen in de geschiedenis zou kunnen worden (Reuters). Het nieuws over Anthropic komt naar buiten terwijl bekend is geworden dat OpenAI zich voorbereidt om in de komende weken een beursgang aan te vragen (The New York Times). Op 1 juni maakte Alphabet, het moederbedrijf van Google, bekend dat het van plan is tot USD 80 miljard op te halen om investeringen op het gebied van kunstmatige intelligentie en computerinfrastructuur te financieren en zo aan de ongekende vraag te kunnen voldoen (CNBC). "De markt is getuige van een van de grootste technologie-investeringscycli in de geschiedenis omdat AI industrieën, bedrijfsmodellen en de wereldeconomie hervormt", zei Thomas "Tom" Lee, bestuurslid van Eightco. "De indiening van Anthropic benadrukt de verwachting van een enorme behoefte van investeerders aan AI-bedrijven. Nu de indiening van OpenAI naar verluidt op komst is, geloven we dat OpenAI centraal staat in deze transformatie en dat de blootstelling van ORBS aan het Bedrijf aandeelhouders de mogelijkheid biedt om deel te nemen aan wat wij beschouwen als een van de belangrijkste waardecreatie-kansen van het komende decennium."
Uit gegevens van Fundstrat blijkt dat "niet-mensen" op verschillende platforms nu het volgende aandeel in het volume vertegenwoordigen: - 75% van het handelsvolume op Polymarket
- 53% van het webverkeer
- 47% van de verzonden e-mails
- 44% van de uitvoering aan de koopkant van aandelen in de Verenigde Staten
- 35% van het creëren van nieuwe websites
- 30% van de online productbeoordelingen
Eightco: Blootstelling aan belangrijke megatrends
Eightco is opgebouwd rond drie megatrends waarvan het Bedrijf verwacht dat ze het komende decennium van innovatie zullen bepalen: kunstmatige intelligentie, digitale identiteit en de economie van contentcreators. Het Bedrijf heeft posities in elk van deze trends via indirecte investeringen in OpenAI (21% van de treasury van ORBS), Worldcoin (36%) en Beast Industries (4%).
Kunstmatige intelligentie (OpenAI)
Eightco heeft ongeveer USD 90 miljoen geïnvesteerd in speciale investeringsvehikels met blootstelling aan aandelenbelangen in het moederbedrijf van OpenAI. Dit vertegenwoordigt circa 21% van de treasury-activa, een van de hoogste gerapporteerde concentraties onder beursgenoteerde entiteiten.
De consumentenapp ChatGPT van OpenAI is wereldwijd de nummer 1 onder de AI-apps voor consumenten (Sensor Tower) en overschreed in februari 2026 de kaap van 900 miljoen wekelijkse actieve gebruikers, waarmee het de snelst groeiende consumententechnologie ooit werd (UBS via Reuters).
Digitale identiteit - WLD-token
Eightco bezit meer dan 283 miljoen WLD, goed voor ongeveer 8,4% van het circulerende aanbod. Dit is de grootste publiek gerapporteerde institutionele positie wereldwijd en vertegenwoordigt ongeveer 36% van de treasury-activa van Eightco.
Worldcoin is het native token van World, een wereldwijd Proof of Human-netwerk gebouwd door Tools for Humanity (mede opgericht door Sam Altman en Alex Blania) en beheerd door de World Foundation. De Orb-apparaten geven een privacybeschermende World ID uit die verifieert dat een gebruiker een unieke persoon is, geen AI-agent.
Volgens het aangekondigde businessmodel van World betalen applicaties kosten per verificatie, terwijl verificatie voor eindgebruikers gratis blijft. Zowel uitgevers van inloggegevens als het World-protocol genereren inkomsten uit verificatie van echte personen. World identificeert een gecombineerde potentiële markt van USD 6,35 biljoen aan potentiële marktwaarde, verspreid over 13 sectoren, waaronder bankwezen, e-commerce, gaming, sociale media en agentische AI (volgens Tools for Humanity).
Economie van contentcreators: Beast Industries
Eightco heeft USD 18 miljoen geïnvesteerd in aandelen van Beast Industries, goed voor ongeveer 4% van de treasury-activa.
Beast Industries beschikt over een van de grootste bereiknetwerken ter wereld, met een gecombineerde volgersbasis van meer dan 500 miljoen over verschillende platformen, gedragen door MrBeast als de meest bekeken persoon op YouTube wereldwijd. Naarmate AI de productie van content steeds meer tot een standaardproduct maakt, worden distributie en het vertrouwen van het publiek steeds schaarser wordende activa.
Over Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is een beursgenoteerde holdingmaatschappij die een unieke treasurystrategie rond Worldcoin (WLD) uitvoert en beleggers via één ticker indirecte blootstelling biedt aan drie bepalende trends van deze cyclus: kunstmatige intelligentie via de indirecte investering in OpenAI, digitale identiteit via zijn positie als grootste publieke houder van WLD en het 'Proof of Human'-protocol, en de economie van contentcreators via zijn aandelenbelang in Beast Industries van MrBeast. Ondersteund door toonaangevende institutionele investeerders, waaronder Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, CoinFund, Discovery Capital Management, FalconX, Kraken (Payward), Pantera Capital en GSR, bouwt Eightco aan de infrastructuurlaag voor menselijke verificatie in het tijdperk van agentische AI.
Voor meer informatie:
X: @iamhuman_orbs
Website: 8co.holdings
Veelgestelde vragen
Wat is een ORBS-aandeel?
Eightco Holdings Inc. (NASDAQ: ORBS) is een beursgenoteerde holdingmaatschappij op de Nasdaq. ORBS biedt indirecte blootstelling aan: OpenAI en Beast Industries.
Wie bezit de meeste Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) bezit 283 miljoen WLD, goed voor ongeveer 8,4% van het circulerende aanbod en de grootste publiek gerapporteerde institutionele positie wereldwijd.
Wat is 'Proof of Human'?
'Proof of Human' is cryptografische verificatie dat een gebruiker een unieke, levende persoon is, geen bot of AI-agent. Het vormt fundamentele infrastructuur voor sociale netwerken, bankdiensten, agentische handel en elk systeem dat 'één persoon, één account' vereist in het tijdperk van agentische AI.
Hoe verhoudt Eightco (ORBS) zich tot Proof of Human?
Eightco Holdings (NASDAQ: ORBS) is de grootste publiek gerapporteerde institutionele houder van Worldcoin (WLD), het token dat het 'Proof of Human'-netwerk van World aandrijft.
Wie is de CEO van Eightco Holdings?
Kevin O'Donnell is de CEO van Eightco Holdings (NASDAQ: ORBS). De raad van bestuur van het Bedrijf bestaat uit Tom Lee (Managing Partner en Head of Research bij Fundstrat, en voorzitter van Bitmine Immersion Technologies (NYSE: BMNR)) en, als adviseur aan de raad van bestuur, Brett Winton (Chief Futurist bij ARK Invest).
Toekomstgerichte uitspraken
Dit persbericht bevat toekomstgerichte uitspraken in de zin van de Private Securities Litigation Reform Act van 1995. Alle uitspraken in dit persbericht, met uitzondering van verklaringen over historische feiten, kunnen als toekomstgerichte uitspraken worden beschouwd, met inbegrip van, maar niet beperkt tot, uitspraken met betrekking tot: de verwachtingen van het Bedrijf dat kunstmatige intelligentie, digitale identiteit en de creator-economie het volgende decennium van innovatie zullen vormgeven; verwachtingen met betrekking tot de ontwikkeling en toepassing van agentische kunstmatige intelligentie; mediaverslagen over OpenAI die zich naar verluidt voorbereidt om in de komende weken een beursintroductie in te dienen en verwachtingen dat elke IPO van OpenAI een van de belangrijkste technologieaanbiedingen zou zijn; uitspraken van het bestuurslid van het Bedrijf over het feit dat de huidige technologie-investeringscyclus een van de grootste in de geschiedenis is, de verwachting van enorme belangstelling van investeerders voor AI-bedrijven, de overtuiging dat OpenAI centraal staat in de AI-transformatie en de overtuiging dat de blootstelling van ORBS aan OpenAI een van de belangrijkste waardecreatiemogelijkheden van het komende decennium vertegenwoordigt; uitspraken over Alphabet's aangekondigde plannen om tot USD 80 miljard op te halen voor AI-gerelateerde investeringen; uitspraken met betrekking tot niet-menselijke en bot-activiteitspercentages op internetplatforms, waaronder handelsvolume van Polymarket, webverkeer, e-mail, aandelenuitvoering, het maken van websites en online productbeoordelingen; verwachtingen met betrekking tot de goedkeuring van het World ID-protocol en het World-netwerk voor bedrijfs- en consumentenapplicaties; overtuigingen dat Proof-of-Human-verificatie essentiële infrastructuur wordt voor sociale netwerken, bankieren, agentische commerce en financiële systemen in het tijdperk van agentische AI; uitspraken met betrekking tot de adresbare inkomstenmogelijkheid van USD 6,35 biljoen in de hele wereld in sectoren zoals bankieren, e-commerce, gaming, sociale media en agentische AI; uitspraken met betrekking tot het belang van distributie en publiekvertrouwen omdat AI de productie van inhoud ot een massaproduct maakt; en het geloof van het Bedrijf dat zijn schatkistportefeuille cruciale componenten bevat voor het toekomstige AI- en digitale financiële systeem. Woorden zoals 'plannen', 'verwacht', 'zal', 'voorziet', 'voortzetten', 'uitbreiden', 'bevorderen', 'ontwikkelen', 'gelooft', 'vooruitzichten', 'doelstelling', 'kan', 'blijven', 'prognosticeren', 'van plan zijn', 'schatten', 'zou kunnen', 'zou moeten' en andere woorden en termen met een vergelijkbare betekenis of strekking zijn bedoeld om toekomstgerichte verklaringen te identificeren, hoewel niet alle toekomstgerichte verklaringen dergelijke termen bevatten. Toekomstgerichte uitspraken zijn gebaseerd op de huidige overtuigingen en aannames van het management, die onderhevig zijn aan risico's en onzekerheden, en vormen geen garantie voor toekomstige prestaties. De werkelijke resultaten kunnen wezenlijk afwijken van die in toekomstgerichte uitspraken als gevolg van verschillende factoren, waaronder, zonder beperking: het onvermogen van het Bedrijf om het management of de activiteiten te sturen van private ondernemingen waarin het geen controlerend belang heeft, waaronder OpenAI en Beast Industries; het risico op verlies of waardevermindering van de strategische investeringen van het Bedrijf, waaronder zijn indirecte positie in aandelen van OpenAI (aangehouden via beleggingsstructuren), zijn positie in WLD en zijn positie in aandelen van Beast Industries; het vermogen van het Bedrijf om te blijven voldoen aan de doorlopende noteringsvereisten van Nasdaq; onverwachte kosten, lasten of uitgaven die de kapitaalpositie van het Bedrijf verminderen of de inzet van kapitaal anderszins vertragen; het onvermogen om voldoende kapitaal aan te trekken om de bedrijfsactiviteiten of strategische investeringen te financieren of op te schalen; volatiliteit in de prijzen van digitale activa, waaronder WLD en ETH, die de waarde van de treasury van het Bedrijf wezenlijk kunnen beïnvloeden; wijzigingen in regelgeving, toekomstige wetgeving en regelgevingsinitiatieven die een negatieve impact hebben op digitale activa, de adoptie van kunstmatige intelligentie of de verzameling van biometrische gegevens; risico's met betrekking tot de ontwikkeling, de inzet en marktacceptatie van 'Proof of Human'-technologie en het World-netwerk; onzekerheid over het tempo en het verloop van de uitrol van agentische AI in ondernemings- en consumentenapplicaties; en veranderende standpunten van het publiek en overheden ten aanzien van digitale activa of AI-gerelateerde sectoren. Gezien deze risico's en onzekerheden wordt u aangeraden niet overmatig te vertrouwen op toekomstgerichte uitspraken. Voor een bespreking van andere risico's en onzekerheden, evenals andere belangrijke factoren die ertoe kunnen leiden dat de feitelijke resultaten van Eightco afwijken van de in dit persbericht opgenomen toekomstgerichte uitspraken, wordt verwezen naar de indieningen van Eightco bij de Securities and Exchange Commission (SEC), waaronder de risicofactoren en andere toelichtingen in het jaarverslag op Form 10-K dat op 15 april 2026 bij de SEC is ingediend, evenals andere openbaar beschikbare SEC-indieningen. Alle informatie in dit persbericht is van kracht per de datum van publicatie. Eightco aanvaardt geen verplichting om deze informatie bij te werken of om publiekelijk de resultaten van eventuele herzieningen van dergelijke verklaringen bekend te maken om toekomstige gebeurtenissen of ontwikkelingen te weerspiegelen, behalve voor zover dit wettelijk vereist is.
- Eightco Holdings (NASDAQ: ORBS) informa de que sus activos totales ascienden a aproximadamente 437 millones de dólares, incluyendo OpenAI, Beast Industries, más de 16.000 ETH y más de 283 millones de tokens WLD
Composición de la tesorería de Eightco al 3 de junio de 2026: 90 millones de dólares en acciones de OpenAI (indirectas), 18 millones de dólares en acciones de Beast Industries, 16.278 ETH, 283 millones de tenencias de WLD y 142 millones de dólares en efectivo y equivalentes, lo que suma aproximadamente 437 millones de dólares.
World ofrece una solución al problema del "doble humano" en un mundo plagado de deepfakes.
Eightco ofrece exposición indirecta a algunas de las empresas privadas más innovadoras, incluidas OpenAI y Beast Industries.
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" o la "Compañía") proporcionó hoy una actualización sobre sus participaciones totales, destacando su creciente posición en activos digitales e inversiones estratégicas en empresas tecnológicas privadas líderes.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
A fecha de 3 de junio de 2026 a las 18:00 (hora del este), las tenencias de ORBS incluyen una inversión de 90 millones de dólares (indirectamente, a través de SPV) en OpenAI, una inversión financiada de 18 millones de dólares en Beast Industries, una inversión de 1 millón de dólares en Mythical Games, 283.452.700 Worldcoin (WLD) a 0,55 dólares por WLD (según Coinbase), 16.278 Ethereum (ETH) y aproximadamente 142 millones de dólares en efectivo y stablecoins, para un total de tenencias de aproximadamente 437 millones de dólares.
Principales titulares sobre IA que marcan la pauta informativa:
La dirección de ORBS considera que la cartera de tesorería de la compañía contiene algunos de los componentes más importantes para el futuro sistema financiero digital y basado en la IA. Entre las participaciones, destacan las siguientes:
El 1 de junio, Anthropic, valorada recientemente en casi 1 billón de dólares, presentó de manera confidencial una oferta pública inicial de venta en Estados Unidos, estableciendo lo que podría convertirse en una de las ofertas tecnológicas más importantes de la historia (Reuters). La noticia de Anthropic surge en medio de noticias que OpenAI se está preparando para presentar su salida a bolsa en las próximas semanas (The New York Times). El 1 de junio, Alphabet, empresa matriz de Google, anunció planes para recaudar hasta 80 mil millones de dólares para financiar inversiones relacionadas con la IA e infraestructura informática para satisfacer una demanda sin precedentes (CNBC). "El mercado está presenciando uno de los mayores ciclos de inversión tecnológica de la historia, a medida que la IA transforma las industrias, los modelos de negocio y la economía global", declaró Thomas "Tom" Lee, miembro del Consejo de Administración de Eightco. "La presentación de Anthropic pone de manifiesto el enorme interés que los inversores esperan por las empresas de IA. Dado que se prevé que OpenAI presente su solicitud próximamente, creemos que OpenAI se sitúa en el centro de esta transformación, y la exposición de ORBS a la compañía ofrece a los accionistas la oportunidad de participar en lo que consideramos una de las mayores oportunidades de creación de valor de la próxima década".
Los datos recopilados por Fundstrat muestran que los "no humanos" representan ahora las siguientes cuotas estimadas de volumen en varias plataformas:
- 75 % del volumen de negociación de Polymarket
- 53 % del tráfico web
- 47 % de los correos electrónicos enviados
- 44 % de la ejecución de operaciones de compra de acciones en EE. UU.
- 35 % de la creación de nuevos sitios web
- 30 % de las reseñas de productos en línea Eightco: Exposición a las principales megatendencias
Eightco se estructura en torno a tres megatendencias que la compañía prevé que darán forma a la próxima década de innovación: la inteligencia artificial, la identidad digital y la economía de los creadores, con posiciones en cada tendencia a través de inversiones indirectas en OpenAI (21 % de las tenencias de tesorería de ORBS), Worldcoin (36 %) y Beast Industries (4 %).
Inteligencia artificial — OpenAI
Eightco ha invertido aproximadamente 90 millones de dólares en vehículos de propósito especial con exposición a participaciones accionariales en la empresa matriz de OpenAI, lo que representa aproximadamente el 21 % de los activos propios, una de las concentraciones más altas divulgadas de cualquier vehículo cotizado.
ChatGPT, la aplicación para consumidores de OpenAI, es la aplicación de IA para consumidores número 1 en todo el mundo (Sensor Tower) y superó los 900 millones de usuarios activos semanales en febrero de 2026, lo que la convierte en la tecnología de consumo de más rápido crecimiento de la historia (UBS via Reuters).
Identidad digital — WLD Token
Eightco posee más de 283 millones de WLD, aproximadamente el 8,4 % de la oferta circulante, la mayor posición institucional divulgada públicamente a nivel mundial y aproximadamente el 36 % de los activos de la tesorería de Eightco.
Worldcoin es el token nativo de World, una red global de Prueba de Humanidad creada por Tools for Humanity (cofundada por Sam Altman y Alex Blania) y administrada por la Fundación World. Sus dispositivos Orb emiten una identificación World ID que preserva la privacidad y verifica que un usuario es un ser humano único, no un agente de IA.
Según el modelo de negocio anunciado por World, las aplicaciones pagan una tarifa por cada verificación, mientras que la verificación del usuario final sigue siendo gratuita. Tanto los emisores de credenciales como el protocolo World monetizan la autenticación humana verificada. World identifica una oportunidad de ingresos potenciales combinados de 6,35 billones de dólares en 13 sectores, que abarcan la banca, el comercio electrónico, los videojuegos, las redes sociales y la IA con agentes (según Tools for Humanity).
Creator Economy — Beast Industries
Eightco ha invertido 18 millones de dólares en acciones de Beast Industries, lo que representa aproximadamente el 4 % de sus activos propios.
Beast Industries cuenta con una de las mayores redes de venta directa al consumidor del mundo, con una base de seguidores combinada de más de 500 millones en diversas plataformas, liderada por MrBeast, la persona más vista en YouTube a nivel global. A medida que la IA convierte la producción de contenido en un bien de consumo, la distribución y la confianza de la audiencia se convierten en activos cada vez más escasos.
Acerca de Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) es una empresa que cotiza en bolsa y que está implementando una estrategia de tesorería de Worldcoin (WLD) pionera en su tipo, brindando a los inversores una exposición indirecta, a través de un solo símbolo, a tres de las tendencias que definen este ciclo: la inteligencia artificial mediante su inversión indirecta en OpenAI, la identidad digital a través de su posición como el mayor poseedor público de WLD y del protocolo Proof of Human, y la economía de los creadores a través de su participación accionaria en Beast Industries de MrBeast. Respaldada por inversores institucionales líderes como Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, CoinFund, Discovery Capital Management, FalconX, Payward/Kraken, Pantera y GSR, Eightco está construyendo la capa de infraestructura para la verificación humana en la era de la IA con agentes.
Para más información:
X: @iamhuman_orbs
Sitio web: 8co.holdings
Preguntas frecuentes
¿Qué son las acciones de ORBS?
Eightco Holdings Inc. (NASDAQ: ORBS) es una empresa que cotiza en bolsa en Nasdaq. ORBS ofrece exposición indirecta a: OpenAI y Beast Industries.
¿Quién posee la mayor cantidad de Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) posee 283 millones de WLD, aproximadamente el 8,4 % de la oferta circulante y la mayor posición institucional divulgada públicamente a nivel mundial.
¿Qué es Proof of Human?
Proof of Human es una verificación criptográfica que garantiza que un usuario es una persona real y única, no un bot ni un agente de IA. Constituye la infraestructura fundamental para las redes sociales, la banca, el comercio basado en agentes y cualquier sistema que requiera el principio de "una persona, una cuenta" en la era de la IA.
¿Qué relación tiene Eightco (ORBS) con Proof of Human?
Eightco Holdings (NASDAQ: ORBS) es el mayor poseedor institucional de Worldcoin (WLD), el token que impulsa la red World's Proof of Human, del que se tiene constancia pública.
¿Quién es el consejero delegado de Eightco Holdings?
Kevin O'Donnell es el consejero delegado de Eightco Holdings (NASDAQ: ORBS). El consejo de administración de la compañía incluye a Tom Lee (socio gerente y jefe de investigación de Fundstrat, y presidente de Bitmine Immersion Technologies (NYSE: BMNR)) y, como asesor del consejo, a Brett Winton (futurista jefe de ARK Invest).
Declaraciones prospectivas
Este comunicado de prensa contiene declaraciones prospectivas en el sentido de la Ley de Reforma de Litigios sobre Valores Privados de 1995. Todas las declaraciones en este comunicado de prensa que no sean declaraciones de hechos históricos podrían considerarse prospectivas, incluidas, sin limitación, declaraciones sobre: las expectativas de la Compañía de que la inteligencia artificial, la identidad digital y la economía de los creadores darán forma a la próxima década de innovación; expectativas sobre el desarrollo y la adopción de inteligencia artificial con agentes; informes de los medios de comunicación sobre OpenAI supuestamente preparándose para presentar una OPI en las próximas semanas y expectativas de que cualquier OPI de OpenAI estaría entre las ofertas tecnológicas más importantes; declaraciones del miembro de la Junta Directiva de la Compañía sobre que el ciclo actual de inversión en tecnología es uno de los más grandes de la historia, la expectativa de un enorme apetito de los inversores por las empresas de IA, la creencia de que OpenAI se encuentra en el centro de la transformación de la IA y la creencia de que la exposición de ORBS a OpenAI representa una de las oportunidades de creación de valor más importantes de la próxima década; declaraciones sobre los planes anunciados por Alphabet para recaudar hasta 80 mil millones de dólares para inversiones relacionadas con la IA; declaraciones sobre los porcentajes de actividad no humana y de bots en las plataformas de Internet, incluido el volumen de operaciones de Polymarket, el tráfico web, el correo electrónico, la ejecución de acciones, la creación de sitios web y las reseñas de productos en línea; expectativas sobre la adopción del protocolo World ID y la red World en aplicaciones empresariales y de consumo; creencias de que la verificación de prueba de humanidad se está convirtiendo en una infraestructura esencial para las redes sociales, la banca, el comercio con agentes y los sistemas financieros en la era de la IA con agentes; declaraciones sobre la oportunidad de ingresos potenciales de World de 6,35 billones de dólares en industrias que abarcan la banca, el comercio electrónico, los juegos, las redes sociales y la IA con agentes; declaraciones sobre la importancia de la distribución y la confianza de la audiencia a medida que la IA convierte la producción de contenido en mercancía; y la creencia de la Compañía de que su cartera de tesorería contiene componentes críticos para la IA futura y el sistema financiero digital. Palabras como "planea", "espera", "hará", "anticipa", "continúa", "expande", "avanza", "desarrolla", "cree", "orientación", "objetivo", "puede", "permanece", "proyecta", "perspectiva", "pretende", "estima", "podría", "debería" y otras palabras y términos de significado y expresión similares tienen como objetivo identificar declaraciones prospectivas, aunque no todas las declaraciones prospectivas contienen tales términos. Las declaraciones prospectivas se basan en las creencias y suposiciones actuales de la gerencia, las cuales están sujetas a riesgos e incertidumbres y no son garantías de desempeño futuro. Los resultados reales podrían diferir materialmente de los contenidos en cualquier declaración prospectiva como resultado de varios factores, incluidos, sin limitación: la incapacidad de la Compañía para dirigir la gestión u operaciones de negocios privados en los que la Compañía no es un accionista controlador, incluidos OpenAI y Beast Industries; riesgo de pérdida o depreciación en las inversiones estratégicas de la Compañía, incluida su posición indirecta en acciones de OpenAI (mantenidas a través de vehículos de propósito especial), su posición en WLD y su posición en acciones de Beast Industries; la capacidad de la Compañía para mantener el cumplimiento de los requisitos de cotización continua de Nasdaq; costos, cargos o gastos inesperados que reduzcan los recursos de capital de la Compañía o de otro modo retrasen el despliegue de capital; incapacidad para obtener capital suficiente para financiar o escalar sus operaciones comerciales o inversiones estratégicas; volatilidad en los precios de los activos digitales, incluidos WLD y ETH, que podría afectar materialmente el valor de las tenencias de tesorería de la Compañía; cambios regulatorios, legislación futura y reglamentación que impacten negativamente en los activos digitales, la adopción de inteligencia artificial o la recopilación de datos biométricos; riesgos relacionados con el desarrollo, la adopción y la aceptación en el mercado de la tecnología Proof-of-Human y la red World; Incertidumbre con respecto al ritmo y la trayectoria del despliegue de IA con agentes en aplicaciones empresariales y de consumo; incertidumbre con respecto a la hoja de ruta de productos de OpenAI y el momento o el éxito de cualquier salida a bolsa; riesgos de que los datos de terceros sobre la actividad en Internet no humana puedan ser inexactos o estar sujetos a cambios; riesgos relacionados con la capacidad de Beast Industries para lograr sus proyecciones de crecimiento; y cambios en las posturas públicas y gubernamentales sobre los activos digitales o las industrias relacionadas con la inteligencia artificial. Dados estos riesgos e incertidumbres, se advierte que no se debe depositar una confianza indebida en dichas declaraciones prospectivas. Para un análisis de otros riesgos e incertidumbres, y otros factores importantes, cualquiera de los cuales podría causar que los resultados reales de Eightco difieran de los contenidos en las declaraciones prospectivas aquí presentadas, consulte los documentos presentados por Eightco ante la Comisión de Bolsa y Valores (la "SEC"), incluidos los factores de riesgo y otras divulgaciones en su Informe Anual en el Formulario 10-K presentado ante la SEC el 15 de abril de 2026 y otros documentos presentados ante la SEC que están disponibles públicamente. Toda la información en este comunicado de prensa es válida a la fecha de su publicación, y Eightco no asume ninguna obligación de actualizar esta información ni de anunciar públicamente los resultados de cualquier revisión de dichas declaraciones para reflejar eventos o desarrollos futuros, excepto cuando lo exija la ley.
- Bitmine Immersion Technologies anuncia una propuesta de oferta pública de acciones preferentes perpetuas de Serie A
, /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) ("BMNR", "Bitmine" o la "Compañía") anunció hoy que, sujeto a las condiciones del mercado y otras condiciones, tiene la intención de ofrecer, en una oferta pública (la "oferta") registrada bajo la Ley de Valores de 1933, según enmendada (la "Ley de Valores"), 3.000.000 de acciones de las acciones preferentes perpetuas Serie A del 9,50 % de BMNR (las "Acciones Preferentes Serie A").
BMNR tiene previsto utilizar los ingresos netos de la oferta para fines corporativos generales, que pueden incluir la adquisición de ETH adicional y otros activos digitales; la expansión de la infraestructura de staking y validación de la Compañía, incluso a través de MAVAN; capital de trabajo; inversiones estratégicas alineadas con el ecosistema Ethereum y una mayor adopción de activos digitales; y/o la recompra de acciones ordinarias de la Compañía en el marco de su programa de recompra de acciones.
Las acciones preferentes Serie A acumularán dividendos acumulativos a una tasa fija del 9,50 % anual sobre el monto establecido, que es de 100 $ por acción preferente Serie A, independientemente de si se declaran o no, o de si existen fondos legalmente disponibles para su pago (el "monto establecido"). Los dividendos regulares de las acciones preferentes Serie A se pagarán semanalmente a mes vencido, cuando y si son declarados por el consejo de administración de BMNR, con cargo a los fondos legalmente disponibles para su pago; siempre que la Compañía pueda, en el futuro, optar, a su entera discreción, por pagar dividendos regulares con mayor frecuencia. Los dividendos regulares declarados de las acciones preferentes Serie A se pagarán exclusivamente en efectivo. En caso de que algún dividendo regular acumulado de las acciones preferentes Serie A no se pague en la fecha de pago de dividendos regulares correspondiente, se acumularán dividendos regulares adicionales ("dividendos compuestos") sobre el monto de dicho dividendo regular impago, capitalizados semanalmente a la tasa de dividendo compuesto. La Compañía tendrá la flexibilidad de optar por aumentar la frecuencia de pago de los dividendos regulares a una frecuencia superior a la semanal y, en caso de que la Compañía opte por ello, el aumento adicional de la tasa de dividendo por período de dividendo regular se reducirá proporcionalmente para reflejar dicho período de dividendo regular más corto, de manera que el aumento máximo agregado de la tasa de dividendo adicional por año sea de 260 puntos básicos.
La tasa de dividendo compuesto aplicable a cualquier dividendo ordinario impagado que debiera haberse pagado en una fecha de pago de dividendo ordinaria será inicialmente una tasa anual equivalente al 9,50 % más 5 puntos básicos (basada en un período de dividendo ordinario semanal); sin embargo, hasta que dicho dividendo ordinario, junto con los dividendos compuestos correspondientes, se pague en su totalidad, dicha tasa de dividendo compuesto aumentará en 5 puntos básicos anuales (basada en un período de dividendo ordinario semanal) por cada período de dividendo ordinario subsiguiente, hasta una tasa de dividendo máxima del 15 % anual.
La Compañía tendrá derecho, a su elección, a rescatar las Acciones Preferentes Serie A, en su totalidad o en parte, en cualquier momento, o de vez en cuando, por efectivo de la siguiente manera: (i) desde la fecha de emisión original hasta dieciocho (18) meses después de la fecha de emisión original, a un precio de rescate igual al 110 % del monto declarado por acción; (ii) desde dieciocho (18) meses hasta tres (3) años después de la fecha de emisión original, a un precio de rescate igual al 105 % del monto declarado por acción; y (iii) después de tres (3) años a partir de la fecha de emisión original, a un precio de rescate igual al 100 % del monto declarado por acción; más, en cada caso, los dividendos acumulados y no pagados hasta, pero sin incluir, la fecha de rescate.
Además, la Compañía tendrá derecho a recomprar la totalidad, pero no menos de la totalidad, de las Acciones Preferentes Serie A si el número total de acciones en circulación de todas las Acciones Preferentes Serie A es inferior al 25 % del número total de acciones de Acciones Preferentes Serie A emitidas originalmente en la oferta y en cualquier oferta futura en conjunto. La Compañía también tendrá derecho a recomprar la totalidad, pero no menos de la totalidad, de las Acciones Preferentes Serie A si se producen ciertos eventos fiscales. El precio de recompra de cualquier Acción Preferente Serie A que se vaya a recomprar en relación con una llamada de liquidación o un evento fiscal será un importe en efectivo equivalente a la preferencia de liquidación de la Acción Preferente Serie A que se vaya a recomprar al día hábil anterior a la fecha en que la Compañía envíe el aviso de recompra correspondiente, más los dividendos ordinarios acumulados y no pagados hasta la fecha de recompra, sin incluir esta.
Si se produce un evento que constituya un "cambio fundamental" según el certificado de designaciones que rige las acciones preferentes de la Serie A, los titulares de dichas acciones tendrán derecho a exigir a BMNR que recompre la totalidad o parte de sus acciones preferentes de la Serie A a un precio de recompra en efectivo equivalente al importe declarado de las acciones preferentes de la Serie A que se van a recomprar, más los dividendos ordinarios acumulados y no pagados, si los hubiere, hasta la fecha de recompra por cambio fundamental, sin incluir dicha fecha.
La preferencia de liquidación de las Acciones Preferentes Serie A será inicialmente de 100 $ por acción. Con efecto inmediatamente después del cierre de operaciones en cada día hábil posterior a la fecha de emisión inicial (y, si corresponde, durante el transcurso de un día hábil en el que se ejecute cualquier transacción de venta que se liquide mediante la emisión de Acciones Preferentes Serie A, desde el momento exacto de la primera de dichas transacciones de venta durante ese día hábil hasta el cierre de operaciones de ese día hábil), la preferencia de liquidación por acción de Acciones Preferentes Serie A se ajustará para ser la mayor de (i) el monto declarado por acción de Acciones Preferentes Serie A; (ii) en el caso de cualquier día hábil con respecto al cual la Compañía haya ejecutado, en ese día hábil o en cualquier día hábil durante el período de diez (10) días hábiles anteriores a dicho día hábil, cualquier transacción de venta que se liquide mediante la emisión de Acciones Preferentes Serie A, un monto igual al último precio de venta informado por acción de Acciones Preferentes Serie A en el día hábil inmediatamente anterior a dicho día hábil; y (iii) el promedio aritmético de los últimos precios de venta reportados por acción de Acciones Preferentes Serie A para cada día de negociación de los diez (10) días de negociación consecutivos inmediatamente anteriores a dicho día hábil; sin embargo, si corresponde, la referencia en (iii) a diez (10) se reemplazará por un número menor de días de negociación que hayan transcurrido durante el período desde, inclusive, la fecha de emisión inicial hasta, pero excluyendo, dicho día hábil. No obstante, la preferencia de liquidación no se ajustará a un monto inferior a 100 $ por acción.
BMNR ha solicitado la cotización de sus acciones preferentes Serie A en la Bolsa de Nueva York bajo el símbolo "BMNP". Si se aprueba la cotización, BMNR prevé que la negociación comience dentro de los 30 días posteriores a la fecha de emisión inicial de las acciones preferentes Serie A.
Moelis & Company y Cantor actúan como coordinadores principales conjuntos de la oferta.
La oferta se realiza de conformidad con una declaración de registro vigente en el Formulario S-3 (Número de archivo 333-288579), presentada ante la Comisión de Bolsa y Valores (la "SEC") el 9 de julio de 2025 (la "Declaración de Registro"). La oferta se realizará únicamente mediante un suplemento del prospecto y un prospecto adjunto incluidos en la Declaración de Registro. Una copia electrónica del suplemento preliminar del prospecto, junto con el prospecto adjunto, está disponible en el sitio web de la SEC en www.sec.gov. Alternativamente, se pueden obtener copias del suplemento del prospecto preliminar, junto con el prospecto adjunto, comunicándose con: Moelis & Company LLC, 399 Park Avenue, 4.º piso, Nueva York, NY 10022, por teléfono: 1-800-539-9413, o con Cantor Fitzgerald & Co., Atención: Mercados de Capitales, 110 East 59th Street, Nueva York, NY 10022, por teléfono: 1-212-938-5000, o por correo electrónico: [email protected].
Este comunicado de prensa no constituye una oferta de venta ni una solicitud de oferta de compra de ningún valor mencionado en este comunicado, ni se realizará ninguna venta de dichos valores en ningún estado u otra jurisdicción donde dicha oferta, venta o solicitud sea ilegal antes del registro o la autorización conforme a las leyes de valores de dicho estado o jurisdicción.
Acerca de Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) es una minera de Bitcoin con operaciones en Estados Unidos. La compañía está invirtiendo su capital excedente para convertirse en la empresa líder mundial en gestión de tesorería de Ethereum, implementando una estrategia innovadora de activos digitales para inversores institucionales y participantes del mercado público. Guiada por su filosofía de "la alquimia del 5%", la compañía está comprometida con ETH como su principal activo de reserva de tesorería, aprovechando actividades nativas del protocolo, como el staking y los mecanismos de finanzas descentralizadas. En 2026, la compañía lanzó MAVAN (Made-in America VAlidator Network), una infraestructura de staking dedicada a los activos de Bitmine.
Declaraciones prospectivas
Este comunicado de prensa contiene declaraciones que constituyen "declaraciones prospectivas". Las declaraciones en este comunicado de prensa que no son puramente históricas son declaraciones prospectivas que implican riesgos e incertidumbres. Las declaraciones en este comunicado de prensa sobre expectativas, planes y perspectivas futuras, así como cualquier otra declaración sobre asuntos que no sean hechos históricos, pueden constituir "declaraciones prospectivas" en el sentido de la Ley de Reforma de Litigios sobre Valores Privados de 1995. Las palabras "anticipar", "creer", "continuar", "podría", "estimar", "esperar", "pretender", "puede", "planificar", "potencial", "predecir", "proyectar", "debería", "objetivo", "hará", "haría" y expresiones similares tienen como objetivo identificar las declaraciones prospectivas, aunque no todas las declaraciones prospectivas contienen estas palabras identificativas. Estas declaraciones incluyen, entre otras, declaraciones relativas al tamaño y el momento de la oferta, el uso previsto de los fondos obtenidos, los términos de los valores ofrecidos, el pago de dividendos y la cotización prevista de las acciones preferentes Serie A en la Bolsa de Nueva York (NYSE). Al evaluar estas declaraciones prospectivas, debe considerar diversos factores, entre ellos: la capacidad de Bitmine para adaptarse a las nuevas tecnologías y a las cambiantes necesidades del mercado; la capacidad de Bitmine para financiar su negocio actual, las operaciones de tesorería de Ethereum y los negocios futuros propuestos; el entorno competitivo del negocio de Bitmine; las condiciones del mercado que afectan al precio de las acciones ordinarias de la Compañía; los avances regulatorios que afectan a los activos digitales, incluida la promulgación e implementación final de la legislación pendiente y las iniciativas de la SEC; la volatilidad e imprevisibilidad de los precios de los activos digitales; y el valor futuro de Bitcoin y Ethereum. Los resultados reales y los resultados de desempeño futuros pueden diferir sustancialmente de los expresados en las declaraciones prospectivas. Las declaraciones prospectivas están sujetas a numerosas condiciones, muchas de las cuales escapan al control de Bitmine, incluidas las establecidas en la sección de Factores de Riesgo del Formulario 10-K de Bitmine presentado ante la SEC el 21 de noviembre de 2025, así como en todos los demás documentos presentados ante la SEC, según se modifiquen o actualicen periódicamente. Las copias de los documentos presentados por Bitmine ante la SEC están disponibles en el sitio web de la SEC: www.sec.gov. Cualquier declaración prospectiva contenida en este comunicado de prensa es válida únicamente a la fecha del mismo, y BMNR renuncia expresamente a cualquier obligación de actualizar dichas declaraciones, ya sea como resultado de nueva información, eventos futuros o de cualquier otra índole, salvo que lo exija la ley.
, /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) ("BMNR", "Bitmine" of het "bedrijf") heeft vandaag aangekondigd dat het, onder voorbehoud van marktomstandigheden en andere voorwaarden, voornemens is om in een openbare aanbieding (de "aanbieding") geregistreerd op grond van de Securities Act van 1933, zoals gewijzigd (de "Securities Act"), 3.000.000 aandelen van BMNR's 9,50% Series A Perpetual Preferred Stock (de "Series A Preferred Stock") aan te bieden.
BMNR is van plan de netto-opbrengst van de emissie te gebruiken voor algemene bedrijfsdoeleinden, waaronder mogelijk de aankoop van extra ETH en andere digitale activa; de uitbreiding van de staking- en validatorinfrastructuur van de onderneming, onder meer via MAVAN; werkkapitaal; strategische investeringen die aansluiten bij het Ethereum-ecosysteem en de bredere acceptatie van digitale activa; en/of de inkoop van gewone aandelen van de onderneming in het kader van haar aandeleninkoopprogramma.
De preferente aandelen van serie A zullen cumulatieve dividenden laten accumuleren tegen een vast percentage van 9,50% per jaar op het vermelde bedrag, zijnde $100 per preferent aandeel van serie A, ongeacht of de dividenden al dan niet zijn gedeclareerd of dat er wettelijk beschikbare middelen zijn voor de betaling ervan (het "vermeld bedrag"). Regelmatige dividenden over de preferente aandelen van serie A zullen worden uitbetaald wanneer, zoals en indien gedeclareerd door de raad van bestuur van BMNR, uit de wettelijk beschikbare middelen voor hun betaling, wekelijks achterstallig; op voorwaarde dat de vennootschap in de toekomst naar eigen goeddunken kan kiezen om regelmatige dividenden vaker te betalen. Gedeclareerde regelmatige dividenden op de preferente aandelen van serie A zullen uitsluitend in contanten worden uitgekeerd. In het geval dat een opgebouwd (geaccumuleerd) regelmatig dividend op de preferente aandelen van serie A niet wordt betaald op de toepasselijke reguliere dividendbetalingsdatum, zullen er aanvullende regelmatige dividenden (hierna "samengestelde dividenden" genoemd) worden opgebouwd over het bedrag van dat onbetaalde regelmatige dividend, wekelijks samengesteld tegen het samengestelde dividendpercentage. De Vennootschap behoudt de flexibiliteit om ervoor te kiezen de uitbetalingsfrequentie van reguliere dividenden te verhogen tot vaker dan wekelijks; indien de Vennootschap hiervoor kiest, zal de extra dividendverhoging per reguliere dividendperiode evenredig worden verlaagd om rekening te houden met deze kortere reguliere dividendperiode, zodat de maximale totale extra dividendverhoging per jaar 260 basispunten bedraagt.
Het samengestelde dividendpercentage dat van toepassing is op elk onbetaald regelmatig dividend dat op een regelmatige dividendbetalingsdatum verschuldigd was, zal in eerste instantie een percentage per jaar bedragen dat gelijk is aan 9,50% plus 5 basispunten (op basis van een wekelijkse regelmatige dividendperiode); op voorwaarde dat dit samengestelde dividendpercentage voor elke volgende regelmatige dividendperiode met 5 basispunten per jaar (op basis van een wekelijkse regelmatige dividendperiode) zal stijgen, totdat het regelmatige dividend, samen met de daarop samengestelde dividenden, volledig is uitbetaald, tot een maximaal dividendpercentage van 15% per jaar.
De vennootschap heeft naar eigen keuze het recht om de preferente aandelen van serie A, geheel of gedeeltelijk, te allen tijde of van tijd tot tijd, voor contant geld terug te kopen als volgt: i) vanaf de oorspronkelijke uitgifte tot achttien (18) maanden na de oorspronkelijke uitgifte, tegen een terugkoopprijs gelijk aan 110% van het aangegeven bedrag per aandeel; ii) van achttien (18) maanden tot drie (3) jaar na de oorspronkelijke uitgifte, tegen een terugkoopprijs gelijk aan 105% van het aangegeven bedrag per aandeel; en iii) na drie (3) jaar na de oorspronkelijke uitgifte, tegen een terugkoopprijs die gelijk is aan 100% van het aangegeven bedrag per aandeel; in elk geval vermeerderd met geaccumuleerde en onbetaalde dividenden daarover tot, maar exclusief, de terugkoopdatum.
Bovendien heeft de vennootschap het recht om alle, maar niet minder dan alle, preferente aandelen van serie A terug te kopen als het totale aantal aandelen van alle preferente aandelen van serie A dat op dat moment uitstaat minder is dan 25% van het totale aantal preferente aandelen van serie A dat oorspronkelijk werd uitgegeven in het aanbod en in elk toekomstig aanbod samen. De vennootschap zal ook het recht hebben om alle, maar niet minder dan alle, preferente aandelen van serie A terug te kopen als bepaalde fiscale gebeurtenissen zich voordoen. De terugkoopprijs voor preferente aandelen van serie A die in verband met een clean-up call (opruimingscall) of belastinggebeurtenis moeten worden teruggekocht, is een contant bedrag gelijk aan de liquidatiepreferentie van de preferente aandelen van serie A die moeten worden teruggekocht per de werkdag voorafgaand aan de datum waarop de vennootschap de desbetreffende terugkoopkennisgeving verzendt, vermeerderd met geaccumuleerde en onbetaalde reguliere dividenden tot, maar exclusief, de terugkoopdatum.
Indien zich een gebeurtenis voordoet die een „fundamentele wijziging" vormt volgens de certificaten van aanwijzing die van toepassing zijn op de preferente aandelen van serie A, hebben houders van deze preferente aandelen het recht om van BMNR te verlangen dat het bedrijf hun preferente aandelen van serie A geheel of gedeeltelijk terugkoopt tegen een contante terugkoopprijs die gelijk is aan de nominale waarde van de terug te kopen preferente aandelen van serie A, vermeerderd met eventuele opgebouwde en nog niet uitgekeerde reguliere dividenden, tot, maar exclusief, de terugkoopdatum wegens de fundamentele wijziging.
De liquidatiepreferentie voor de preferente aandelen van serie A bedraagt in eerste instantie $100 per aandeel. Vanaf onmiddellijk na sluiting van de handel op elke werkdag na de oorspronkelijke uitgiftedatum (en, indien van toepassing, gedurende een werkdag waarop een verkooptransactie die wordt afgewikkeld door uitgifte van preferente aandelen van serie A wordt uitgevoerd, vanaf het exacte tijdstip van de eerste dergelijke verkooptransactie op die werkdag tot aan de sluiting van de handel van die werkdag), wordt de liquidatiepreferentie per preferent aandeel van serie A aangepast naar het hoogste van: (i) het vermelde bedrag per aandeel; (ii) in het geval van een werkdag waarop de vennootschap op die werkdag of op een werkdag binnen de periode van tien (10) handelsdagen voorafgaand aan die werkdag een verkooptransactie heeft uitgevoerd die wordt afgewikkeld door uitgifte van preferente aandelen van serie A, een bedrag gelijk aan de laatst gerapporteerde slotkoers per aandeel op de handelsdag onmiddellijk voorafgaand aan die werkdag; en (iii) het rekenkundig gemiddelde van de laatst gerapporteerde slotkoersen per aandeel voor elke handelsdag van de tien (10) opeenvolgende handelsdagen onmiddellijk voorafgaand aan die werkdag; met dien verstande dat, indien van toepassing, de verwijzing in (iii) naar tien (10) wordt vervangen door het kleinere aantal handelsdagen dat is verstreken in de periode van (met ingang van) de oorspronkelijke uitgiftedatum tot (maar exclusief) die werkdag. De liquidatiepreferentie wordt echter niet aangepast tot een bedrag van minder dan 100 USD per aandeel.
BMNR heeft een aanvraag ingediend om de Series A Preferred Stock op de New York Stock Exchange te noteren onder het symbool "BMNP". Indien de notering wordt goedgekeurd, verwacht BMNR dat de handel binnen 30 dagen na de datum van eerste uitgifte van de preferente aandelen van serie A zal beginnen.
Moelis & Company en Cantor fungeren als gezamenlijke lead bookrunners voor het aanbod.
Het aanbod wordt gedaan op grond van een effectieve registratieverklaring op formulier S-3 (dossiernummer 333-288579), ingediend bij de Securities and Exchange Commission (SEC) op 9 juli 2025 (de "registratieverklaring"). Het aanbod wordt uitsluitend gedaan door middel van een aanvulling op het prospectus en een bijgevoegd prospectus die in de registratieverklaring zijn opgenomen. Een elektronische kopie van de aanvulling op het voorlopige prospectus, samen met het bijbehorende prospectus, is beschikbaar op de website van de SEC op www.sec.gov. Een exemplaar van de aanvulling op het voorlopige prospectus, samen met het bijbehorende prospectus, kan ook worden verkregen door contact op te nemen met: Moelis & Company LLC, 399 Park Avenue 4th Floor, New York, NY 10022, telefonisch: 1-800-539-9413, of Cantor Fitzgerald & Co., Attentie: Capital Markets, 110 East 59th Street, New York, NY 10022, telefonisch: 1-212-938-5000, of per e-mail: [email protected].
Dit persbericht vormt geen aanbod tot verkoop, noch een uitnodiging tot het doen van een aanbod tot aankoop van de effecten waarnaar in dit persbericht wordt verwezen, en er zal geen verkoop van dergelijke effecten plaatsvinden in enige staat of ander rechtsgebied waar een dergelijk aanbod, een dergelijke verkoop of een dergelijke uitnodiging onwettig zou zijn voordat registratie of goedkeuring heeft plaatsgevonden overeenkomstig de effectenwetgeving van die staat of dat rechtsgebied.
Over Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) is een Bitcoin-miner met activiteiten in de Verenigde Staten. Het bedrijf zet zijn overtollige kapitaal in om het toonaangevende Ethereum-treasurybedrijf ter wereld te worden, waarbij het een innovatieve strategie voor digitale activa implementeert voor institutionele beleggers en deelnemers aan de openbare kapitaalmarkten. Geleid door zijn filosofie van de 'Alchemy of 5%' is het bedrijf toegewijd aan ETH als primair reserveactief binnen de treasurystrategie, waarbij het gebruikmaakt van activiteiten op protocolniveau, waaronder staking en de mechanismen van decentrale financiering. Het bedrijf heeft MAVAN (Made in America VAlidator Network), een speciale stakinginfrastructuur voor Bitmine-activa, gelanceerd in 2026.
Toekomstgerichte verklaringen
Dit persbericht bevat verklaringen die als 'toekomstgerichte verklaringen' worden aangemerkt. De verklaringen in dit persbericht die niet puur historisch van aard zijn, zijn toekomstgerichte verklaringen die risico's en onzekerheden met zich meebrengen. Verklaringen in dit persbericht over toekomstige verwachtingen, plannen en vooruitzichten, evenals andere verklaringen over zaken die geen historische feiten zijn, kunnen "toekomstgerichte verklaringen" vormen in de zin van de Private Securities Litigation Reform Act van 1995. De woorden "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "plan", "potential", "predict", "project", "should", "target", "will", "would" en soortgelijke uitdrukkingen zijn bedoeld om toekomstgerichte verklaringen te identificeren, hoewel niet alle toekomstgerichte verklaringen deze identificerende woorden bevatten. Deze verklaringen omvatten, maar zijn niet beperkt tot, verklaringen met betrekking tot de omvang en het tijdstip van het aanbod, het verwachte gebruik van de opbrengst van het aanbod, de voorwaarden van de aangeboden effecten, de betaling van dividenden en de verwachte notering van de preferente aandelen van serie A op de NYSE. Bij het evalueren van deze toekomstgerichte verklaringen dient u rekening te houden met verschillende factoren, waaronder: het vermogen van Bitmine om gelijke tred te houden met nieuwe technologieën en veranderende marktbehoeften; het vermogen van Bitmine om zijn huidige activiteiten, Ethereum-treasuryactiviteiten en voorgestelde toekomstige activiteiten te financieren; de concurrentieomgeving waarin Bitmine actief is; marktomstandigheden die van invloed zijn op de handelsprijs van de gewone aandelen van het bedrijf; regelgevende ontwikkelingen met betrekking tot digitale activa, waaronder de uiteindelijke goedkeuring en implementatie van hangende wetgeving en SEC-initiatieven; de volatiliteit en onvoorspelbaarheid van prijzen van digitale activa; en de toekomstige waarde van Bitcoin en Ethereum. De werkelijke resultaten en toekomstige prestaties kunnen wezenlijk afwijken van die welke in toekomstgerichte verklaringen worden vermeld. Toekomstgerichte verklaringen zijn onderhevig aan talrijke factoren, waarvan vele buiten de macht van Bitmine liggen, waaronder deze die zijn uiteengezet in het deel Risicofactoren van het 10-K-formulier van Bitmine dat op 21 november 2025 is ingediend bij de SEC, evenals alle andere SEC-indieningen, zoals van tijd tot tijd gewijzigd of bijgewerkt. Kopieën van de SEC-indieningen van Bitmine zijn beschikbaar op de website van de SEC op www.sec.gov. Alle toekomstgerichte verklaringen in dit persbericht hebben uitsluitend betrekking op de datum van dit persbericht, en BMNR wijst uitdrukkelijk elke verplichting af om dergelijke toekomstgerichte verklaringen bij te werken, hetzij als gevolg van nieuwe informatie, toekomstige gebeurtenissen of anderszins, tenzij dit wettelijk vereist is.
, /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) (the "Company") today announced the pricing of its upsized offering (the "offering") registered under the Securities Act of 1933, as amended (the "Securities Act"), on June 4, 2026 of 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock (the "Series A Preferred Stock"), at a public offering price of $80.00 per share. This reflects an upsizing of the previously announced offering of 3,000,000 shares of Series A Preferred Stock. The issuance and sale of the Series A Preferred Stock are scheduled to settle on June 10, 2026, subject to customary closing conditions.
The Company estimates that the net proceeds it will receive from the offering will be approximately $273.8 million, after deducting the underwriting discounts and commissions and the Company's estimated offering expenses. The Company intends to use the net proceeds from the offering for general corporate purposes, which may include the acquisition of additional ETH and other digital assets, the expansion of the Company's staking and validator infrastructure, including through MAVAN; working capital; strategic investments aligned with the Ethereum ecosystem and broader digital asset adoption; and/or repurchases of the Company's common stock under its share repurchase program.
The Series A Preferred Stock will accumulate cumulative dividends at a fixed rate of 9.50% per annum on the stated amount, which is $100 per share of Series A Preferred Stock, regardless of whether or not declared or funds are legally available for their payment (the "stated amount"). Regular dividends on the Series A Preferred Stock will be payable when, as and if declared by the Company's board of directors, out of funds legally available for their payment, weekly in arrears; provided that the Company may in the future elect, in its sole discretion, to pay regular dividends more frequently. Declared regular dividends on the Series A Preferred Stock will be payable solely in cash. In the event that any accumulated regular dividend on the Series A Preferred Stock is not paid on the applicable regular dividend payment date, then additional regular dividends ("compounded dividends") will accumulate on the amount of such unpaid regular dividend, compounded weekly at the compounded dividend rate. The Company will have the flexibility to elect to increase the payment frequency of regular dividends to be more often than weekly and, in the event that the Company so elects, the additional dividend rate increase per regular dividend period will be proportionately reduced to reflect such shorter regular dividend period such that the maximum aggregate additional dividend rate increase per annum is 260 basis points.
The compounded dividend rate applicable to any unpaid regular dividend that was due on a regular dividend payment date will initially be a rate per annum equal to 9.50% plus 5 basis points (based on a weekly regular dividend period); provided, however, that, until such regular dividend, together with compounded dividends thereon, is paid in full, such compounded dividend rate will increase by 5 basis points per annum (based on a weekly regular dividend period) for each subsequent regular dividend period, up to a maximum dividend rate of 15% per annum.
The Company will have the right, at its election, to redeem the Series A Preferred Stock, in whole or in part, at any time, or from time to time, for cash as follows: (i) from the original issue date until eighteen (18) months after the original issue date, at a redemption price equal to 110% of the stated amount per share; (ii) from eighteen (18) months to three (3) years after the original issue date, at a redemption price equal to 105% of the stated amount per share; and (iii) after three (3) years following the original issue date, at a redemption price equal to 100% of the stated amount per share; plus, in each case, accumulated and unpaid dividends thereon to, but excluding, the redemption date.
In addition, the Company will have the right to redeem all, but not less than all, of the Series A Preferred Stock if the total number of shares of all Series A Preferred Stock then outstanding is less than 25% of the total number of shares of Series A Preferred Stock originally issued in the offering and in any future offering taken together. The Company will also have the right to redeem all, but not less than all, of the Series A Preferred Stock if certain tax events occur. The redemption price for any Series A Preferred Stock to be redeemed in connection with a clean-up call or tax event will be a cash amount equal to the liquidation preference of the Series A Preferred Stock to be redeemed as of the business day before the date on which the Company sends the related redemption notice, plus accumulated and unpaid regular dividends to, but excluding, the redemption date.
If an event that constitutes a "fundamental change" under the certificate of designations governing the Series A Preferred Stock occurs, then holders of the Series A Preferred Stock will have the right to require the Company to repurchase some or all of their shares of Series A Preferred Stock at a cash repurchase price equal to the stated amount of the Series A Preferred Stock to be repurchased, plus accumulated and unpaid regular dividends, if any, to, but excluding, the fundamental change repurchase date.
The liquidation preference of the Series A Preferred Stock shall initially be $100 per share. Effective immediately after the close of business on each business day after the initial issue date (and, if applicable, during the course of a business day on which any sale transaction to be settled by the issuance of Series A Preferred Stock is executed, from the exact time of the first such sale transaction during such business day until the close of business of such business day), the liquidation preference per share of Series A Preferred Stock will be adjusted to be the greatest of (i) the stated amount per share of Series A Preferred Stock; (ii) in the case of any business day with respect to which the Company has, on such business day or any business day during the ten (10) trading day period preceding such business day, executed any sale transaction to be settled by the issuance of Series A Preferred Stock, an amount equal to the last reported sale price per share of Series A Preferred Stock on the trading day immediately before such business day; and (iii) the arithmetic average of the last reported sale prices per share of Series A Preferred Stock for each trading day of the ten (10) consecutive trading days immediately preceding such business day; provided, however, that, if applicable, the reference in (iii) to ten (10) will be replaced by such lesser number of trading days as have elapsed during the period from, and including, the initial issue date to, but excluding, such business day. However, the liquidation preference will not be adjusted to an amount that is less than $100 per share.
The Company has applied to list the Series A Preferred Stock on The New York Stock Exchange under the symbol "BMNP." If the listing is approved, the Company expects trading to commence within 30 days after the date the Series A Preferred Stock is first issued.
Moelis & Company and Cantor are acting as joint lead bookrunners for the offering.
The offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-288579), filed with the Securities and Exchange Commission (the "SEC") on July 9, 2025 (the "Registration Statement"). The offering will be made only by means of a prospectus supplement and an accompanying prospectus included in the Registration Statement. An electronic copy of the preliminary prospectus supplement, together with the accompanying prospectus, is available on the SEC's website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement, together with the accompanying prospectus, can be obtained by contacting: Moelis & Company LLC, 399 Park Avenue 4th Floor, New York, NY 10022, by phone: 1-800-539-9413, or Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, NY 10022, by phone: 1-212-938-5000, or by email: [email protected].
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities referred to in this press release, nor will there be any sale of any such securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for the Company assets, in 2026.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements include, but are not limited to, statements relating to the size and timing of the offering, the anticipated use of any proceeds from the offering, the terms of the securities being offered, the payment of dividends, and the expected listing of the Series A Preferred Stock on the NYSE. In evaluating these forward-looking statements, you should consider various factors, including: the Company's ability to keep pace with new technology and changing market needs; the Company's ability to finance its current business, Ethereum treasury operations, and proposed future business; the competitive environment of the Company's business; market conditions affecting the trading price of the Company's common stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; and the future value of Bitcoin and Ethereum. Actual results and future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company's control, including those set forth in the Risk Factors section of the Company's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of the Company's filings with the SEC are available on the SEC's website at www.sec.gov. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
Bitmine Immersion Technologies Announces Pricing of Upsized Series A Perpetual Preferred Stock Offering Bitmine Immersion Technologies Announces Pricing of Upsized Series A Perpetual Preferred Stock Offering PR Newswire
NORWALK, Conn., June 5, 2026
, /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) (the "Company") today announced the pricing of its upsized offering (the "offering") registered under the Securities Act of 1933, as amended (the "Securities Act"), on June 4, 2026 of 3,500,000 shares of 9.50% Series A Perpetual Preferred Stock (the "Series A Preferred Stock"), at a public offering price of $80.00 per share. This reflects an upsizing of the previously announced offering of 3,000,000 shares of Series A Preferred Stock. The issuance and sale of the Series A Preferred Stock are scheduled to settle on June 10, 2026, subject to customary closing conditions.
The Company estimates that the net proceeds it will receive from the offering will be approximately $273.8 million, after deducting the underwriting discounts and commissions and the Company's estimated offering expenses. The Company intends to use the net proceeds from the offering for general corporate purposes, which may include the acquisition of additional ETH and other digital assets, the expansion of the Company's staking and validator infrastructure, including through MAVAN; working capital; strategic investments aligned with the Ethereum ecosystem and broader digital asset adoption; and/or repurchases of the Company's common stock under its share repurchase program.
The Series A Preferred Stock will accumulate cumulative dividends at a fixed rate of 9.50% per annum on the stated amount, which is $100 per share of Series A Preferred Stock, regardless of whether or not declared or funds are legally available for their payment (the "stated amount"). Regular dividends on the Series A Preferred Stock will be payable when, as and if declared by the Company's board of directors, out of funds legally available for their payment, weekly in arrears; provided that the Company may in the future elect, in its sole discretion, to pay regular dividends more frequently. Declared regular dividends on the Series A Preferred Stock will be payable solely in cash. In the event that any accumulated regular dividend on the Series A Preferred Stock is not paid on the applicable regular dividend payment date, then additional regular dividends ("compounded dividends") will accumulate on the amount of such unpaid regular dividend, compounded weekly at the compounded dividend rate. The Company will have the flexibility to elect to increase the payment frequency of regular dividends to be more often than weekly and, in the event that the Company so elects, the additional dividend rate increase per regular dividend period will be proportionately reduced to reflect such shorter regular dividend period such that the maximum aggregate additional dividend rate increase per annum is 260 basis points.
The compounded dividend rate applicable to any unpaid regular dividend that was due on a regular dividend payment date will initially be a rate per annum equal to 9.50% plus 5 basis points (based on a weekly regular dividend period); provided, however, that, until such regular dividend, together with compounded dividends thereon, is paid in full, such compounded dividend rate will increase by 5 basis points per annum (based on a weekly regular dividend period) for each subsequent regular dividend period, up to a maximum dividend rate of 15% per annum.
The Company will have the right, at its election, to redeem the Series A Preferred Stock, in whole or in part, at any time, or from time to time, for cash as follows: (i) from the original issue date until eighteen (18) months after the original issue date, at a redemption price equal to 110% of the stated amount per share; (ii) from eighteen (18) months to three (3) years after the original issue date, at a redemption price equal to 105% of the stated amount per share; and (iii) after three (3) years following the original issue date, at a redemption price equal to 100% of the stated amount per share; plus, in each case, accumulated and unpaid dividends thereon to, but excluding, the redemption date.
In addition, the Company will have the right to redeem all, but not less than all, of the Series A Preferred Stock if the total number of shares of all Series A Preferred Stock then outstanding is less than 25% of the total number of shares of Series A Preferred Stock originally issued in the offering and in any future offering taken together. The Company will also have the right to redeem all, but not less than all, of the Series A Preferred Stock if certain tax events occur. The redemption price for any Series A Preferred Stock to be redeemed in connection with a clean-up call or tax event will be a cash amount equal to the liquidation preference of the Series A Preferred Stock to be redeemed as of the business day before the date on which the Company sends the related redemption notice, plus accumulated and unpaid regular dividends to, but excluding, the redemption date.
If an event that constitutes a "fundamental change" under the certificate of designations governing the Series A Preferred Stock occurs, then holders of the Series A Preferred Stock will have the right to require the Company to repurchase some or all of their shares of Series A Preferred Stock at a cash repurchase price equal to the stated amount of the Series A Preferred Stock to be repurchased, plus accumulated and unpaid regular dividends, if any, to, but excluding, the fundamental change repurchase date.
The liquidation preference of the Series A Preferred Stock shall initially be $100 per share. Effective immediately after the close of business on each business day after the initial issue date (and, if applicable, during the course of a business day on which any sale transaction to be settled by the issuance of Series A Preferred Stock is executed, from the exact time of the first such sale transaction during such business day until the close of business of such business day), the liquidation preference per share of Series A Preferred Stock will be adjusted to be the greatest of (i) the stated amount per share of Series A Preferred Stock; (ii) in the case of any business day with respect to which the Company has, on such business day or any business day during the ten (10) trading day period preceding such business day, executed any sale transaction to be settled by the issuance of Series A Preferred Stock, an amount equal to the last reported sale price per share of Series A Preferred Stock on the trading day immediately before such business day; and (iii) the arithmetic average of the last reported sale prices per share of Series A Preferred Stock for each trading day of the ten (10) consecutive trading days immediately preceding such business day; provided, however, that, if applicable, the reference in (iii) to ten (10) will be replaced by such lesser number of trading days as have elapsed during the period from, and including, the initial issue date to, but excluding, such business day. However, the liquidation preference will not be adjusted to an amount that is less than $100 per share.
The Company has applied to list the Series A Preferred Stock on The New York Stock Exchange under the symbol "BMNP." If the listing is approved, the Company expects trading to commence within 30 days after the date the Series A Preferred Stock is first issued.
Moelis & Company and Cantor are acting as joint lead bookrunners for the offering.
The offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-288579), filed with the Securities and Exchange Commission (the "SEC") on July 9, 2025 (the "Registration Statement"). The offering will be made only by means of a prospectus supplement and an accompanying prospectus included in the Registration Statement. An electronic copy of the preliminary prospectus supplement, together with the accompanying prospectus, is available on the SEC's website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement, together with the accompanying prospectus, can be obtained by contacting: Moelis & Company LLC, 399 Park Avenue 4th Floor, New York, NY 10022, by phone: 1-800-539-9413, or Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, NY 10022, by phone: 1-212-938-5000, or by email: [email protected].
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities referred to in this press release, nor will there be any sale of any such securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for the Company assets, in 2026.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements include, but are not limited to, statements relating to the size and timing of the offering, the anticipated use of any proceeds from the offering, the terms of the securities being offered, the payment of dividends, and the expected listing of the Series A Preferred Stock on the NYSE. In evaluating these forward-looking statements, you should consider various factors, including: the Company's ability to keep pace with new technology and changing market needs; the Company's ability to finance its current business, Ethereum treasury operations, and proposed future business; the competitive environment of the Company's business; market conditions affecting the trading price of the Company's common stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; and the future value of Bitcoin and Ethereum. Actual results and future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company's control, including those set forth in the Risk Factors section of the Company's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of the Company's filings with the SEC are available on the SEC's website at www.sec.gov. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
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Shares of Bitmine Immersion Technologies (NYSE:BMNR | BMNR Price Prediction) are down 5% to $16.91 in early Friday trading, while Strategy (NASDAQ:MSTR) is off 4% to $124.38. The slide tracks a fresh leg lower in crypto.
Ethereum (CRYPTO:ETH) is down 7% over the past 24 hours to $1,665, dragging BMNR stock with it as the largest corporate ETH holder. Bitcoin (CRYPTO:BTC) is down 3% to $61,965, pulling MSTR stock lower in sympathy.
The moves extend a brutal stretch for both names. BMNR stock is down 34% year to date (YTD), while MSTR stock has shed 15% YTD heading into Friday’s session.
Ethereum’s Plunge Hits the ETH Treasury Trade BitMine is a pure-play Ethereum treasury vehicle, so Bitmine stock effectively trades as a leveraged ETH proxy. With ETH down 44% YTD versus Bitcoin’s 29% drop, the relative pain in BMNR stock makes sense.
BitMine Chairman Thomas Lee has framed the drawdown as a continuation of the October 10, 2025 liquidation event, which he called “the largest ever single day liquidation event in the history of crypto.” Lee added, “History shows crypto prices stage V-shaped recoveries after a lingering and drawn out decline, and we expect this to again be the case in this current drawdown.”
BitMine’s latest filing flagged over $4 billion in unrealized losses on its ETH position. Strategy logged a $17.4 billion unrealized loss on digital assets in Q4 2025 under fair-value accounting.
BitMine’s Series A Preferred Mirrors Strategy, Adds Staking BitMine just filed with the SEC to launch a Series A Perpetual Preferred Stock offering of 3 million shares at $100 per share, carrying a 9.5% cumulative annual dividend. Proceeds are earmarked for Ethereum acquisition, ETH staking infrastructure expansion, and ecosystem investment.
The structure echoes Strategy’s preferred playbook but with a twist: staking yield, which Bitcoin cannot replicate. Earlier this year, Strategy sold 32 BTC, its first Bitcoin sale since 2022, to fund STRC preferred dividends at 11.5%, a move that briefly pushed Bitcoin below $62,000.
The bull case, voiced by Standard Chartered’s Geoffrey Kendrick, is that ETH treasury firms may outperform Bitcoin equivalents because staking yields can fund dividends without forced asset sales. The bear case is sharper: 3% to 5% staking APY doesn’t cover a 9.5% preferred coupon without continued ETH accumulation, staking yields aren’t fixed, and BitMine’s goal of 5% of all ETH creates real concentration risk.
Prediction Markets Signal More Strategy Buying Polymarket traders are pricing a 73% probability that Strategy announces a Bitcoin purchase during the June 2 to 8 window, suggesting the market expects CEO Phong Le to use the downturn as a buying opportunity. Strategy held 713,502 BTC as of early February.
Still, the same markets are skeptical longer term. The probability of Strategy hitting 1 million BTC by year-end sits at just 37%, and there’s a 64% implied probability of MSCI index delisting by December 31. Margin call risk, however, is priced at only 7%.
What to Watch Investors can track whether ETH can stabilize above $1,653 and whether Bitcoin holds the $62,000 zone into the U.S. close. Any Strategy purchase announcement this weekend could swing MSTR stock quickly Monday.
For BMNR stock, the next anticipated catalyst is the MAVAN (Made-in-America Validator Network) staking launch and pricing details on the new Series A preferred shares. Both could shape whether the dividend math holds up if ETH stays soft.
Zusammensetzung der Finanzmittel von Eightco zum 3. Juni 2026: 90 Mio. USD an OpenAI-Anteilen (indirekt), 18 Mio. USD an Beast Industries-Anteilen, 16.278 ETH, 283 Millionen WLD-Bestände sowie 142 Mio. USD an Barmitteln und Barmitteläquivalenten, insgesamt rund 437 Millionen USD
World bietet eine Lösung für das Problem des „doppelten Menschen" in einer Welt, in der Deepfakes immer weiter um sich greifen
Eightco bietet eine indirekte Beteiligung an einigen der innovativsten Privatunternehmen, darunter OpenAI und Beast Industries
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) („Eightco" oder das „Unternehmen") hat heute einen aktuellen Überblick über seine Gesamtbeteiligungen gegeben und dabei seine wachsende Präsenz im Bereich digitaler Vermögenswerte sowie strategische Investitionen in führende private Technologieunternehmen hervorgehoben.
ORBS Holdings & Key Metrics
The ORBS Portfolio Thesis
Zum 3. Juni 2026, 18:00 Uhr ET, umfassen die Bestände von ORBS eine Investition in Höhe von 90 Millionen US-Dollar (indirekt über Zweckgesellschaften) in OpenAI, eine Investition in Höhe von 18 Millionen US-Dollar in Beast Industries, eine Investition in Höhe von 1 Million US-Dollar in Mythical Games, 283.452.700 Worldcoin (WLD) zu einem Preis von 0,55 US-Dollar pro WLD (laut Coinbase), 16.278 Ethereum (ETH) sowie insgesamt rund 142 Millionen US-Dollar an Barmitteln und Stablecoins, was einem Gesamtportfolio von rund 437 Millionen US-Dollar entspricht.
Die wichtigsten KI-Schlagzeilen in den Nachrichten:
Das Management von ORBS ist der Ansicht, dass das Treasury-Portfolio des Unternehmens einige der wichtigsten Komponenten für das künftige KI- und digitale Finanzsystem enthält. Zu den wichtigsten Beteiligungen der letzten Wochen gehören:
Am 1. Juni reichte Anthropic, dessen Unternehmenswert kürzlich auf fast 1 Billion US-Dollar geschätzt wurde, vertraulich einen Antrag auf einen Börsengang in den USA ein und legte damit den Grundstein für einen der möglicherweise bedeutendsten Technologie-Börsengänge der Geschichte (Reuters). Die Nachricht von Anthropic kommt inmitten der Nachricht, dass OpenAI sich darauf vorbereitet, in den kommenden Wochen an die Börse zu gehen (The New York Times). Am 1. Juni gab Alphabet, die Muttergesellschaft von Google, Pläne bekannt, bis zu 80 Milliarden US-Dollar aufzubringen, um Investitionen im Bereich der künstlichen Intelligenz sowie die Recheninfrastruktur zu finanzieren und so der beispiellosen Nachfrage gerecht zu werden (CNBC). „Der Markt erlebt derzeit einen der größten Technologie-Investitionszyklen der Geschichte, da die künstliche Intelligenz ganze Branchen, Geschäftsmodelle und die Weltwirtschaft neu gestaltet", sagte Thomas „Tom" Lee, Vorstandsmitglied von Eightco. „Der Börsengang von Anthropic unterstreicht die Erwartung, dass das Interesse der Anleger an KI-Unternehmen enorm sein wird. Angesichts des Berichts, dass der Börsengang von OpenAI kurz bevorsteht, sind wir der Ansicht, dass OpenAI im Zentrum dieses Wandels steht, und die Beteiligung von ORBS an diesem Unternehmen bietet den Aktionären die Möglichkeit, an einer Entwicklung teilzuhaben, die wir als eine der bedeutendsten Chancen zur Wertschöpfung des kommenden Jahrzehnts ansehen."
Aus den von Fundstrat zusammengestellten Daten geht hervor, dass „Nicht-Menschen" mittlerweile die folgenden geschätzten Anteile am Handelsvolumen auf verschiedenen Plattformen ausmachen:
- 75 % des Polymarket-Handelsvolumens
- 53 % des Internetverkehrs
- 47 % der versendeten E-Mails
- 44 % der US-Aktienkäufe
- 35 % der Erstellung neuer Websites
- 30 % der Online-Produktbewertungen Eightco: Zugang zu wichtigen Megatrends
Eightco ist auf drei Megatrends ausgerichtet, die nach Einschätzung des Unternehmens das nächste Jahrzehnt der Innovation prägen werden: Künstliche Intelligenz, digitale Identität und die Creator-Economy, wobei das Unternehmen in jedem dieser Bereiche über indirekte Beteiligungen an OpenAI (21 % der ORBS-Bestände), Worldcoin (36 %) und Beast Industries (4 %) engagiert ist.
Künstliche Intelligenz – OpenAI
Eightco hat rund 90 Millionen US-Dollar in Zweckgesellschaften investiert, die Beteiligungen an der Muttergesellschaft von OpenAI halten; dies entspricht etwa 21 % des Eigenkapitals und stellt eine der höchsten offengelegten Konzentrationen unter allen börsennotierten Vehikeln dar.
ChatGPT, die Verbraucher-App von OpenAI, ist weltweit die Nummer 1 unter den KI-Apps für Verbraucher (Sensor Tower) und hat im Februar 2026 die Marke von 900 Millionen wöchentlich aktiven Nutzern überschritten, was sie zur am schnellsten wachsenden Verbrauchertechnologie der Geschichte macht (UBS via Reuters).
Digitale Identität – WLD-Token
Eightco hält über 283 Millionen WLD, was etwa 8,4 % des im Umlauf befindlichen Bestands entspricht. Dies ist die weltweit größte öffentlich bekannt gegebene institutionelle Position und macht etwa 36 % des Vermögens der Eightco-Kasse aus.
Worldcoin ist der native Token von World, einem globalen Proof-of-Human-Netzwerk, das von Tools for Humanity, mitbegründet von Sam Altman und Alex Blania, aufgebaut wurde und von der World Foundation betreut wird. Die Orb-Geräte stellen eine datenschutzwahrende World ID aus, mit der verifiziert wird, dass ein Nutzer ein einzigartiger Mensch und kein KI-Agent ist.
Nach dem von World angekündigten Geschäftsmodell zahlen Anwendungen Gebühren pro Verifizierung, während die Verifizierung für Endnutzer kostenlos bleibt. Sowohl Aussteller von Berechtigungsnachweisen als auch das World-Protokoll monetarisieren dabei die Authentifizierung verifizierter echter Menschen. World sieht in 13 Branchen, darunter Bankwesen, E-Commerce, Gaming, soziale Medien und agentische KI, eine adressierbare Umsatzchance von insgesamt 6,35 Billionen US-Dollar (laut Tools for Humanity).
Creator-Ökonomie – Beast Industries
Eightco hat 18 Millionen Dollar in Aktien von Beast Industries investiert, was etwa 4 % des Eigenkapitals entspricht.
Beast Industries verfügt über eine der weltweit größten direkten Reichweiten bei Verbrauchern und erreicht plattformübergreifend insgesamt mehr als 500 Millionen Follower, gestützt auf MrBeast als die weltweit meistgesehene Person auf YouTube. Da KI die Produktion von Inhalten zunehmend austauschbar macht, werden Verbreitung und Vertrauen des Publikums zu zunehmend knappen Vermögenswerten.
Informationen zu Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) ist ein börsennotiertes Unternehmen, das eine in ihrer Art einzigartige Worldcoin (WLD)-Treasury-Strategie verfolgt und Anlegern über einen einzigen Ticker ein indirektes Engagement in drei der prägenden Trends dieses Zyklus bietet: künstliche Intelligenz durch die indirekte Investition in OpenAI, digitale Identität durch die Position als größter börsennotierter Inhaber von WLD und des Proof-of-Human-Protokolls sowie die Creator-Ökonomie durch die Eigenkapitalbeteiligung an MrBeasts Beast Industries. Unterstützt von führenden institutionellen Investoren, darunter Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, CoinFund, Discovery Capital Management, FalconX, Payward/Kraken, Pantera und GSR, baut Eightco die Infrastrukturebene für Proof-of-Human-Verifizierung im Zeitalter agentischer KI auf.
Weitere Informationen erhalten Sie hier:
X: @iamhuman_orbs
Website: 8co.holdings
Häufig gestellte Fragen
Was ist die ORBS-Aktie?
Eightco Holdings Inc. (NASDAQ: ORBS) ist ein börsennotiertes Unternehmen an der Nasdaq. ORBS bietet indirekten Zugang zu: OpenAI und Beast Industries.
Wer besitzt die meisten Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) hält 283 Millionen WLD, was etwa 8,4 % des Umlaufbestands entspricht und weltweit die größte öffentlich bekannt gegebene institutionelle Position darstellt.
Was ist Proof of Human?
Proof of Human ist eine kryptografische Verifizierung, die bestätigt, dass ein Nutzer ein einzigartiger, lebender Mensch und kein Bot oder KI-Agent ist. Sie bildet eine grundlegende Infrastruktur für soziale Netzwerke, Bankwesen, agentischen Handel und jedes System, das im Zeitalter agentischer KI das Prinzip „eine Person, ein Konto" erfordert.
Wie hängt Eightco (ORBS) mit Proof of Human zusammen?
Eightco Holdings (NASDAQ: ORBS) ist der größte öffentlich offengelegte institutionelle Inhaber von Worldcoin (WLD), dem Token, der das Proof-of-Human-Netzwerk von World antreibt.
Wer ist Geschäftsführer von Eightco Holdings?
Kevin O'Donnell ist CEO von Eightco Holdings (NASDAQ: ORBS). Dem Verwaltungsrat des Unternehmens gehören Tom Lee, geschäftsführender Partner und Leiter der Research-Abteilung bei Fundstrat sowie Vorsitzender von Bitmine Immersion Technologies (NYSE: BMNR), sowie Brett Winton, Chef-Futurist bei ARK Invest, als Berater des Verwaltungsrats an.
Zukunftsgerichtete Aussagen
Diese Pressemitteilung enthält zukunftsgerichtete Aussagen im Sinne des Private Securities Litigation Reform Act of 1995. Alle Aussagen in dieser Pressemitteilung, bei denen es sich nicht um historische Tatsachen handelt, können als zukunftsgerichtet angesehen werden. Dazu gehören unter anderem Aussagen über die Erwartungen des Unternehmens, dass künstliche Intelligenz, digitale Identität und die Creator-Economy das nächste Jahrzehnt der Innovation prägen werden; Erwartungen hinsichtlich der Entwicklung und Einführung von agentischer künstlicher Intelligenz; Medienberichte, wonach OpenAI angeblich einen Börsengang in den kommenden Wochen vorbereite, sowie die Erwartung, dass ein etwaiger Börsengang von OpenAI zu den bedeutendsten Technologie-Börsengängen zählen würde; Aussagen eines Vorstandsmitglieds des Unternehmens, wonach der aktuelle Technologie-Investitionszyklus einer der größten in der Geschichte sei, die Erwartung eines enormen Interesses der Anleger an KI-Unternehmen, die Überzeugung, dass OpenAI im Zentrum der KI-Transformation stehe, sowie die Überzeugung, dass das Engagement von ORBS bei OpenAI eine der bedeutendsten Wertschöpfungsmöglichkeiten des kommenden Jahrzehnts darstelle; Aussagen zu den von Alphabet angekündigten Plänen, bis zu 80 Milliarden US-Dollar für KI-bezogene Investitionen aufzubringen; Aussagen zu den Anteilen nicht-menschlicher und bot-basierter Aktivitäten auf Internetplattformen, einschließlich des Handelsvolumens auf Polymarket, des Web-Traffics, von E-Mails, Aktienausführungen, der Erstellung von Websites und Online-Produktbewertungen; Erwartungen hinsichtlich der Einführung des World-ID-Protokolls und des World-Netzwerks in Unternehmens- und Verbraucheranwendungen; die Überzeugung, dass die „Proof-of-Human"-Verifizierung im Zeitalter der agentischen KI zu einer unverzichtbaren Infrastruktur für soziale Netzwerke, das Bankwesen, den agentischen Handel und Finanzsysteme wird; Aussagen bezüglich des adressierbaren Umsatzpotenzials von World in Höhe von 6,35 Billionen US-Dollar in Branchen wie dem Bankwesen, E-Commerce, Gaming, sozialen Medien und agentischer KI; Aussagen zur Bedeutung von Vertrieb und Vertrauen der Zielgruppe angesichts der zunehmenden Kommerzialisierung der Inhaltsproduktion durch KI; sowie die Überzeugung des Unternehmens, dass sein Treasury-Portfolio entscheidende Komponenten für das zukünftige KI- und digitale Finanzsystem enthält. Wörter wie „plant", „erwartet", „wird", „rechnet mit", „fortsetzen", „erweitern", „voranbringen", „entwickeln", „glaubt", „Prognose", „Ziel", „kann", „bleiben", „prognostizieren", „Ausblick", „beabsichtigen", „schätzen", „könnte", „sollte" sowie andere Wörter und Begriffe mit ähnlicher Bedeutung und Aussage sollen zukunftsgerichtete Aussagen kennzeichnen, auch wenn nicht alle zukunftsgerichteten Aussagen solche Begriffe enthalten. Zukunftsgerichtete Aussagen beruhen auf den aktuellen Einschätzungen und Annahmen des Managements, die Risiken und Unsicherheiten unterliegen und keine Garantie für die künftige Leistung darstellen. Die tatsächlichen Ergebnisse können aufgrund verschiedener Faktoren erheblich von den in zukunftsgerichteten Aussagen enthaltenen Ergebnissen abweichen. Dazu gehören unter anderem: die Unfähigkeit des Unternehmens, die Geschäftsführung oder den Betrieb privater Unternehmen zu lenken, an denen das Unternehmen nicht als Mehrheitsaktionär beteiligt ist, einschließlich OpenAI und Beast Industries; das Risiko von Verlusten oder Wertminderungen bei den strategischen Investitionen des Unternehmens, einschließlich seiner indirekten Beteiligung am Eigenkapital von OpenAI (gehalten über Zweckgesellschaften), seiner Beteiligung an WLD und seiner Beteiligung am Eigenkapital von Beast Industries; die Fähigkeit des Unternehmens, die Anforderungen der Nasdaq für die fortgesetzte Notierung weiterhin zu erfüllen; unerwartete Kosten, Aufwendungen oder Ausgaben, die die Kapitalressourcen des Unternehmens verringern oder anderweitig den Kapitaleinsatz verzögern; die Unfähigkeit, ausreichendes Kapital zur Finanzierung oder Skalierung seiner Geschäftstätigkeit oder strategischer Investitionen zu beschaffen; Volatilität der Preise digitaler Vermögenswerte, einschließlich WLD und ETH, die den Wert der eigenen Bestände des Unternehmens erheblich beeinträchtigen könnte; regulatorische Änderungen, künftige Gesetzgebung und Regelsetzungen, die sich negativ auf digitale Vermögenswerte, die Einführung künstlicher Intelligenz oder die Erhebung biometrischer Daten auswirken; Risiken im Zusammenhang mit der Entwicklung, Einführung und Marktakzeptanz der Proof-of-Human-Technologie und des World-Netzwerks; Unsicherheit hinsichtlich des Tempos und der Entwicklung des Einsatzes agentischer KI in Unternehmens- und Verbraucheranwendungen; Unsicherheit hinsichtlich der Produkt-Roadmap von OpenAI sowie des Zeitpunkts oder des Erfolgs eines möglichen Börsengangs; Risiken, dass Daten von Dritten bezüglich nicht-menschlicher Internetaktivitäten ungenau sein oder sich ändern könnten; Risiken im Zusammenhang mit der Fähigkeit von Beast Industries, seine Wachstumsprognosen zu erreichen; sowie sich wandelnde Positionen der Öffentlichkeit und der Regierungen zu digitalen Vermögenswerten oder Branchen im Zusammenhang mit künstlicher Intelligenz. Angesichts dieser Risiken und Unsicherheiten wird davor gewarnt, sich unangemessen stark auf solche zukunftsgerichteten Aussagen zu verlassen. Eine Erörterung weiterer Risiken und Unsicherheiten sowie anderer wichtiger Faktoren, die jeweils dazu führen könnten, dass die tatsächlichen Ergebnisse von Eightco von den hierin enthaltenen zukunftsgerichteten Aussagen abweichen, findet sich in den Einreichungen von Eightco bei der Securities and Exchange Commission („SEC"), einschließlich der Risikofaktoren und anderer Offenlegungen im Jahresbericht auf Formular 10-K, der am 15. April 2026 bei der SEC eingereicht wurde, sowie in anderen öffentlich verfügbaren SEC-Einreichungen. Alle Informationen in dieser Pressemitteilung beziehen sich auf das Datum der Veröffentlichung. Eightco übernimmt keine Verpflichtung, diese Informationen zu aktualisieren oder die Ergebnisse von Überarbeitungen dieser Aussagen öffentlich bekannt zu geben, um künftige Ereignisse oder Entwicklungen widerzuspiegeln, sofern dies nicht gesetzlich vorgeschrieben ist.
- Bitmine Immersion Technologies anuncia el precio de su oferta ampliada de acciones preferentes perpetuas de Serie A
, /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) (la "Compañía") anunció hoy la fijación del precio de su oferta ampliada (la "oferta") registrada bajo la Ley de Valores de 1933, según enmendada (la "Ley de Valores"), el 4 de junio de 2026, de 3.500.000 acciones preferentes perpetuas Serie A del 9,50 % (las "Acciones Preferentes Serie A"), a un precio de oferta pública de 80,00 dólares por acción. Esto refleja una ampliación de la oferta previamente anunciada de 3.000.000 de acciones preferentes Serie A. La emisión y venta de las Acciones Preferentes Serie A está programada para liquidarse el 10 de junio de 2026, sujeta a las condiciones de cierre habituales.
La Compañía estima que los ingresos netos que recibirá de la oferta serán de aproximadamente 273,8 millones de dólares, después de deducir los descuentos y comisiones de suscripción y los gastos estimados de la oferta. La Compañía tiene previsto utilizar los ingresos netos de la oferta para fines corporativos generales, que pueden incluir la adquisición de ETH adicional y otros activos digitales, la expansión de la infraestructura de staking y validación de la Compañía, incluso a través de MAVAN; capital de trabajo; inversiones estratégicas alineadas con el ecosistema Ethereum y una mayor adopción de activos digitales; y/o la recompra de acciones ordinarias de la Compañía en el marco de su programa de recompra de acciones.
Las acciones preferentes Serie A acumularán dividendos acumulativos a una tasa fija del 9,50 % anual sobre el importe declarado, que es de 100 dólares por acción preferente Serie A, independientemente de si se declaran o no, o de si existen fondos legalmente disponibles para su pago (el "importe declarado"). Los dividendos regulares de las acciones preferentes Serie A se pagarán semanalmente a mes vencido, cuando y si son declarados por el consejo de administración de la Compañía, con cargo a los fondos legalmente disponibles para su pago; siempre que la Compañía pueda, en el futuro, optar, a su entera discreción, por pagar dividendos regulares con mayor frecuencia. Los dividendos regulares declarados de las acciones preferentes Serie A se pagarán exclusivamente en efectivo. En caso de que algún dividendo regular acumulado de las acciones preferentes Serie A no se pague en la fecha de pago de dividendos regulares correspondiente, se acumularán dividendos regulares adicionales ("dividendos compuestos") sobre el imorte de dicho dividendo regular impago, capitalizados semanalmente a la tasa de dividendo compuesto. La Compañía tendrá la flexibilidad de optar por aumentar la frecuencia de pago de los dividendos regulares a una frecuencia superior a la semanal y, en caso de que la Compañía opte por ello, el aumento adicional de la tasa de dividendo por período de dividendo regular se reducirá proporcionalmente para reflejar dicho período de dividendo regular más corto, de manera que el aumento máximo agregado de la tasa de dividendo adicional por año sea de 260 puntos básicos.
La tasa de dividendo compuesto aplicable a cualquier dividendo ordinario impagado que debiera haberse pagado en una fecha de pago de dividendo ordinaria será inicialmente una tasa anual equivalente al 9,50 % más 5 puntos básicos (basada en un período de dividendo ordinario semanal); sin embargo, hasta que dicho dividendo ordinario, junto con los dividendos compuestos correspondientes, se pague en su totalidad, dicha tasa de dividendo compuesto aumentará en 5 puntos básicos anuales (basada en un período de dividendo ordinario semanal) por cada período de dividendo ordinario subsiguiente, hasta una tasa de dividendo máxima del 15 % anual.
La Compañía tendrá derecho, a su elección, a rescatar las Acciones Preferentes Serie A, en su totalidad o en parte, en cualquier momento, o de vez en cuando, por efectivo de la siguiente manera: (i) desde la fecha de emisión original hasta dieciocho (18) meses después de la fecha de emisión original, a un precio de rescate igual al 110 % del importe declarado por acción; (ii) desde dieciocho (18) meses hasta tres (3) años después de la fecha de emisión original, a un precio de rescate igual al 105 % del importe declarado por acción; y (iii) después de tres (3) años a partir de la fecha de emisión original, a un precio de rescate igual al 100 % del importe declarado por acción; más, en cada caso, los dividendos acumulados y no pagados hasta, pero sin incluir, la fecha de rescate.
Además, la Compañía tendrá derecho a recomprar la totalidad, pero no menos de la totalidad, de las Acciones Preferentes Serie A si el número total de acciones en circulación de todas las Acciones Preferentes Serie A es inferior al 25 % del número total de acciones de Acciones Preferentes Serie A emitidas originalmente en la oferta y en cualquier oferta futura en conjunto. La Compañía también tendrá derecho a recomprar la totalidad, pero no menos de la totalidad, de las Acciones Preferentes Serie A si se producen ciertos eventos fiscales. El precio de recompra de cualquier Acción Preferente Serie A que se vaya a recomprar en relación con una llamada de liquidación o un evento fiscal será un importe en efectivo equivalente a la preferencia de liquidación de la Acción Preferente Serie A que se vaya a recomprar al día hábil anterior a la fecha en que la Compañía envíe el aviso de recompra correspondiente, más los dividendos ordinarios acumulados y no pagados hasta la fecha de recompra, sin incluir esta.
Si se produce un evento que constituya un "cambio fundamental" según el certificado de designaciones que rige las acciones preferentes de la Serie A, los titulares de dichas acciones tendrán derecho a exigir a la Compañía que recompre la totalidad o parte de sus acciones preferentes de la Serie A a un precio de recompra en efectivo equivalente al importe declarado de las acciones preferentes de la Serie A que se van a recomprar, más los dividendos ordinarios acumulados y no pagados, si los hubiere, hasta la fecha de recompra por cambio fundamental, sin incluir dicha fecha.
La preferencia de liquidación de las Acciones Preferentes Serie A será inicialmente de 100 dólares por acción. Con efecto inmediatamente después del cierre de operaciones en cada día hábil posterior a la fecha de emisión inicial (y, si corresponde, durante el transcurso de un día hábil en el que se ejecute cualquier transacción de venta que se liquide mediante la emisión de Acciones Preferentes Serie A, desde el momento exacto de la primera de dichas transacciones de venta durante ese día hábil hasta el cierre de operaciones de ese día hábil), la preferencia de liquidación por acción de Acciones Preferentes Serie A se ajustará para ser la mayor de (i) el importe declarado por acción de Acciones Preferentes Serie A; (ii) en el caso de cualquier día hábil con respecto al cual la Compañía haya ejecutado, en ese día hábil o en cualquier día hábil durante el período de diez (10) días hábiles anteriores a dicho día hábil, cualquier transacción de venta que se liquide mediante la emisión de Acciones Preferentes Serie A, un importe igual al último precio de venta informado por acción de Acciones Preferentes Serie A en el día hábil inmediatamente anterior a dicho día hábil; y (iii) el promedio aritmético de los últimos precios de venta reportados por acción de Acciones Preferentes Serie A para cada día de negociación de los diez (10) días de negociación consecutivos inmediatamente anteriores a dicho día hábil; sin embargo, si corresponde, la referencia en (iii) a diez (10) se reemplazará por un número menor de días de negociación que hayan transcurrido durante el período desde, inclusive, la fecha de emisión inicial hasta, pero excluyendo, dicho día hábil. No obstante, la preferencia de liquidación no se ajustará a un importe inferior a 100 dólares por acción.
La Compañía ha solicitado la cotización de las Acciones Preferentes Serie A en la Bolsa de Nueva York bajo el símbolo "BMNP". Si se aprueba la cotización, la Compañía prevé que la negociación comience dentro de los 30 días posteriores a la fecha de emisión inicial de las Acciones Preferentes Serie A.
Moelis & Company y Cantor actúan como coordinadores principales conjuntos de la oferta.
La oferta se realiza de conformidad con una declaración de registro vigente en el Formulario S-3 (Número de archivo 333-288579), presentada ante la Comisión de Bolsa y Valores (la "SEC") el 9 de julio de 2025 (la "Declaración de Registro"). La oferta se realizará únicamente mediante un suplemento del prospecto y un prospecto adjunto incluidos en la Declaración de Registro. Una copia electrónica del suplemento preliminar del prospecto, junto con el prospecto adjunto, está disponible en el sitio web de la SEC en www.sec.gov. Alternativamente, se pueden obtener copias del suplemento del prospecto preliminar, junto con el prospecto adjunto, comunicándose con: Moelis & Company LLC, 399 Park Avenue, 4.º piso, Nueva York, NY 10022, por teléfono: 1-800-539-9413, o con Cantor Fitzgerald & Co., Atención: Mercados de Capitales, 110 East 59th Street, Nueva York, NY 10022, por teléfono: 1-212-938-5000, o por correo electrónico: [email protected].
Este comunicado de prensa no constituye una oferta de venta ni una solicitud de oferta de compra de ningún valor mencionado en este comunicado, ni se realizará ninguna venta de dichos valores en ningún estado u otra jurisdicción donde dicha oferta, venta o solicitud sea ilegal antes del registro o la autorización conforme a las leyes de valores de dicho estado o jurisdicción.
Acerca de Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) es una minera de Bitcoin con operaciones en Estados Unidos. La compañía está invirtiendo su capital excedente para convertirse en la empresa líder mundial en gestión de tesorería de Ethereum, implementando una estrategia innovadora de activos digitales para inversores institucionales y participantes del mercado público. Guiada por su filosofía de "la alquimia del 5 %", la compañía está comprometida con ETH como su principal activo de reserva de tesorería, aprovechando actividades nativas del protocolo, como el staking y los mecanismos de finanzas descentralizadas. En 2026, la compañía lanzó MAVAN (Made-in America VAlidator Network), una infraestructura de staking dedicada a sus activos.
Declaraciones prospectivas
Este comunicado de prensa contiene declaraciones que constituyen "declaraciones prospectivas". Las declaraciones en este comunicado de prensa que no son puramente históricas son declaraciones prospectivas que implican riesgos e incertidumbres. Las declaraciones en este comunicado de prensa sobre expectativas, planes y perspectivas futuras, así como cualquier otra declaración sobre asuntos que no sean hechos históricos, pueden constituir "declaraciones prospectivas" en el sentido de la Ley de Reforma de Litigios sobre Valores Privados de 1995. Las palabras "anticipar", "creer", "continuar", "podría", "estimar", "esperar", "pretender", "puede", "planificar", "potencial", "predecir", "proyectar", "debería", "objetivo", "hará", "haría" y expresiones similares tienen como objetivo identificar las declaraciones prospectivas, aunque no todas las declaraciones prospectivas contienen estas palabras identificativas. Estas declaraciones incluyen, entre otras, declaraciones relativas al tamaño y el momento de la oferta, el uso previsto de los fondos obtenidos, los términos de los valores ofrecidos, el pago de dividendos y la cotización prevista de las acciones preferentes Serie A en la Bolsa de Nueva York (NYSE). Al evaluar estas declaraciones prospectivas, debe considerar diversos factores, entre ellos: la capacidad de la Compañía para adaptarse a las nuevas tecnologías y a las cambiantes necesidades del mercado; la capacidad de la Compañía para financiar su negocio actual, las operaciones de tesorería de Ethereum y los negocios futuros propuestos; el entorno competitivo del negocio de la Compañía; las condiciones del mercado que afectan al precio de cotización de las acciones ordinarias de la Compañía; los avances regulatorios que afectan a los activos digitales, incluida la promulgación e implementación final de la legislación pendiente y las iniciativas de la SEC; la volatilidad e imprevisibilidad de los precios de los activos digitales; y el valor futuro de Bitcoin y Ethereum. Los resultados reales y los resultados y el desempeño futuros pueden diferir sustancialmente de los expresados en las declaraciones prospectivas. Las declaraciones prospectivas están sujetas a numerosas condiciones, muchas de las cuales escapan al control de la Compañía, incluidas las establecidas en la sección de Factores de Riesgo del Formulario 10-K de la Compañía presentado ante la SEC el 21 de noviembre de 2025, así como todos los demás documentos presentados ante la SEC, según se modifiquen o actualicen periódicamente. Las copias de los documentos presentados por la Compañía ante la SEC están disponibles en el sitio web de la SEC: www.sec.gov. Cualquier declaración prospectiva contenida en este comunicado de prensa es válida únicamente a la fecha del mismo, y la Compañía renuncia expresamente a cualquier obligación de actualizar dichas declaraciones, ya sea como resultado de nueva información, eventos futuros o de cualquier otra índole, salvo que lo exija la ley.
, /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE : BMNR) (la « Société ») a annoncé aujourd'hui le prix de son offre élargie (l'« offre ») enregistrée, le 4 juin 2026, en vertu du Securities Act de 1933, tel que modifié (le « Securities Act »), de 3 500 000 actions privilégiées perpétuelles de série A à 9,50 % (les « actions privilégiées de série A »), au prix d'offre au public de 80,00 $ par action. Ce chiffre reflète une augmentation de l'offre précédemment annoncée de 3 000 000 d'actions privilégiées de série A. L'émission et la vente des actions privilégiées de série A devraient être finalisées le 10 juin 2026, sous réserve des conditions de clôture habituelles.
La société estime que le produit net qu'elle percevra de l'offre s'élèvera à environ 273,8 millions $, après déduction des remises et commissions de souscription et des frais estimés par la Société liés à l'opération. La Société a l'intention d'affecter le produit net de l'offre à ses besoins généraux de financement, dont l'acquisition d'ETH supplémentaires et d'autres actifs numériques, l'expansion de l'infrastructure de staking et de validation de la Société, y compris par le biais de MAVAN, le fonds de roulement, les investissements stratégiques alignés sur l'écosystème Ethereum et l'adoption plus large d'actifs numériques, et/ou le rachat d'actions ordinaires de la société dans le cadre de son programme de rachat d'actions.
Les actions privilégiées de série A accumuleront des dividendes cumulatifs au taux fixe de 9,50 % par an sur le montant déclaré, qui est de 100 $ par action d'action privilégiée de série A, qu'ils soient ou non déclarés ou que des fonds soient légalement disponibles pour leur paiement (le « montant déclaré »). Les dividendes réguliers sur les actions privilégiées de série A seront payables quand et si le conseil d'administration de la Société les déclare, sur les fonds légalement disponibles pour leur paiement, chaque semaine à terme échu, à condition que l'entreprise puisse à l'avenir choisir, à sa seule discrétion, de verser les dividendes réguliers plus fréquemment. Les dividendes réguliers déclarés sur les actions privilégiées de série A seront payables uniquement en espèces. Si un dividende régulier accumulé sur les actions privilégiées de série A n'est pas versé à la date de paiement des dividendes réguliers applicable, des dividendes réguliers supplémentaires (les « dividendes composés ») s'accumuleront sur le montant de ce dividende régulier non versé, composés hebdomadairement au taux de dividende composé. L'entreprise pourra choisir d'augmenter la fréquence de paiement des dividendes réguliers pour qu'ils soient plus fréquents qu'une fois par semaine et, dans le cas où l'entreprise choisit cette option, l'augmentation du taux de dividende supplémentaire par période de dividende régulier sera proportionnellement réduite pour refléter cette période de dividende régulier plus courte, de sorte que l'augmentation totale maximale du taux de dividende supplémentaire par an soit de 260 points de base.
Le taux de dividende composé applicable à tout dividende régulier non payé qui était dû à une date de paiement du dividende régulier sera initialement un taux annuel égal à 9,50 % plus 5 points de base (sur la base d'une période de dividende régulier hebdomadaire) ; toutefois, jusqu'à ce que ce dividende régulier, ainsi que les dividendes composés y afférents, soient intégralement payés, ce taux de dividende composé augmentera de 5 points de base par an (sur la base d'une période de dividende régulier hebdomadaire) pour chaque période de dividende régulier suivante, jusqu'à un taux de dividende maximum de 15 % par an.
L'entreprise aura le droit, à son gré, de racheter les actions privilégiées de série A, en tout ou en partie, à tout moment ou de temps à autre, en contrepartie d'espèces, comme suit : i) de la date d'émission initiale jusqu'à dix-huit (18) mois après la date d'émission initiale, à un prix de rachat égal à 110 % du montant déclaré par action ; ii) de dix-huit (18) mois à trois (3) ans après la date d'émission initiale, à un prix de rachat égal à 105 % du montant déclaré par action ; et iii) après trois (3) ans à compter de la date d'émission initiale, à un prix de rachat égal à 100 % du montant déclaré par action ; plus, dans chacun des cas, les dividendes cumulés et non payés jusqu'à la date de rachat, mais à l'exclusion de celle-ci.
En outre, l'entreprise aura le droit de racheter la totalité, mais pas moins que la totalité, des actions privilégiées de série A si le nombre total d'actions de toutes les actions privilégiées de série A alors en circulation est inférieur à 25 % du nombre total d'actions privilégiées de série A émises à l'origine dans le cadre de l'offre et de toute autre offre future, prises ensemble. L'entreprise aura également le droit de racheter la totalité, mais pas moins que la totalité, des actions privilégiées de série A si certains événements fiscaux se produisent. Le prix de rachat de toute action privilégiée de série A devant être rachetée dans le cadre d'une option de retrait anticipé ou d'un événement fiscal sera un montant en espèces égal à la préférence de liquidation de l'action privilégiée de série A devant être rachetée le jour ouvrable précédant la date à laquelle l'entreprise envoie l'avis de rachat correspondant, plus les dividendes réguliers accumulés et non versés jusqu'à la date de rachat, mais à l'exclusion de celle-ci.
Si un événement constituant un « changement fondamental » en vertu du certificat de désignation régissant les actions privilégiées de série A se produit, les détenteurs d'actions privilégiées de série A auront le droit d'exiger que la Société rachète une partie ou la totalité de leurs actions privilégiées de série A à un prix de rachat en espèces égal au montant déclaré des actions privilégiées de série A à racheter, plus les dividendes réguliers accumulés et non versés, le cas échéant, jusqu'à la date de rachat du changement fondamental, mais à l'exclusion de cette date.
La préférence de liquidation de l'action privilégiée de série A est initialement de 100 $ par action. À compter de la fermeture des bureaux chaque jour ouvrable suivant la date d'émission initiale (et, le cas échéant, au cours d'un jour ouvrable où une opération de vente devant être réglée par l'émission d'actions privilégiées de série A est exécutée, à partir de l'heure exacte de la première de ces opérations de vente au cours de ce jour ouvrable jusqu'à la fermeture des bureaux de ce jour ouvrable), la préférence de liquidation par action privilégiée de série A sera rajusté pour correspondre au plus élevé des montants suivants : i) le montant stipulé par action privilégiée de série A ; ii) dans le cas de tout jour ouvrable à l'égard duquel l'entreprise a, ce jour ouvrable ou tout jour ouvrable au cours de la période de dix (10) jours de bourse précédant ce jour ouvrable, exécuté une opération de vente devant être réglée par l'émission d'actions privilégiées de série A, un montant égal au dernier prix de vente par action des actions privilégiées de série A publié le jour de bourse précédant immédiatement ce jour ouvrable ; et iii) la moyenne arithmétique des derniers prix de vente déclarés par action privilégiée de série A pour chaque jour de bourse des dix (10) jours de bourse consécutifs précédant immédiatement ce jour ouvrable ; à condition, toutefois, que, le cas échéant, la référence à dix (10) au point iii) soit remplacée par le nombre inférieur de jours de bourse qui se sont écoulés au cours de la période allant de la date d'émission initiale, incluse, à ce jour ouvrable, exclu. Toutefois, la préférence de liquidation ne sera pas ajustée à un montant inférieur à 100 $ par action.
La Société a demandé l'inscription des actions privilégiées de série A à la Bourse de New York sous le symbole « BMNP ». Si la cotation est approuvée, la Société s'attend à ce que les transactions commencent dans les 30 jours suivant la date d'émission initiale des actions privilégiées de série A.
Moelis & Company et Cantor font office de chefs de file conjoints pour l'offre.
L'offre est réalisée dans le cadre d'une déclaration d'enregistrement sur le formulaire S-3 (dossier n° 333-288579), déposée auprès de la Securities and Exchange Commission (la « SEC ») le 9 juillet 2025 (la « déclaration d'enregistrement »). L'offre sera faite uniquement au moyen d'un supplément au prospectus et d'un prospectus d'accompagnement inclus dans la déclaration d'enregistrement. Une copie électronique du supplément au prospectus préliminaire, ainsi que du prospectus d'accompagnement, est disponible sur le site web de la SEC à l'adresse www.sec.gov. Des copies du supplément au prospectus préliminaire, ainsi que du prospectus d'accompagnement, peuvent également être obtenues en contactant : Moelis & Company LLC, 399 Park Avenue 4th Floor, New York, NY 10022, par téléphone : 1-800-539-9413, ou Cantor Fitzgerald & Co. à l'attention de : Capital Markets, 110 East 59th Street, New York, NY 10022, par téléphone : 1-212-938-5000, ou par courriel : [email protected].
Le présent communiqué de presse ne constitue pas une offre de vente, ni la sollicitation d'une offre d'achat des titres qui y sont mentionnés, et il n'y aura pas de vente de ces titres dans un État ou un autre territoire où une telle offre, vente ou sollicitation serait illégale avant l'enregistrement ou la qualification en vertu des lois sur les valeurs mobilières de l'État ou du territoire en question.
À propos de Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE : BMNR) est une société de minage de Bitcoins active aux États-Unis. L'entreprise déploie son capital excédentaire pour devenir la première société de trésorerie Ethereum au monde, mettant en œuvre une stratégie d'actifs numériques innovante pour les investisseurs institutionnels et les acteurs du marché public. Guidée par sa philosophie de « l'Alchimie des 5 % », l'entreprise s'est engagée à faire de l'ETH son principal actif de réserve de trésorerie, s'appuyant sur des activités natives au niveau du protocole, y compris le staking et des mécanismes de financement décentralisés. L'entreprise a lancé MAVAN (Made-in America VAlidator Network), une infrastructure de staking dédiée aux actifs de la Société, en 2026.
Déclarations prospectives
Ce communiqué de presse contient des déclarations qui constituent des « déclarations prospectives ». Les déclarations contenues dans le présent communiqué de presse qui ne sont pas purement historiques sont des déclarations prospectives qui impliquent des risques et des incertitudes. Les déclarations contenues dans le présent communiqué de presse concernant les attentes, plans et perspectives futurs, ainsi que toute autre déclaration concernant des questions qui ne sont pas des faits historiques, peuvent constituer des « déclarations prospectives » au sens du Private Securities Litigation Reform Act de 1995. Les mots « anticiper », « penser », « continuer », « estimer », « s'attendre à », « avoir l'intention », « planifier », « potentiel », « prédire », « projeter », « cibler », les conjugaisons au conditionnel et au futur, et autres expressions similaires ont pour but d'identifier les déclarations prospectives, bien que toutes les déclarations prospectives ne contiennent pas ces mots d'identification. Ces déclarations comprennent, sans s'y limiter, des déclarations relatives à la taille et au calendrier de l'offre, à l'utilisation prévue de tout produit de l'offre, aux conditions des titres offerts, au paiement des dividendes et à la cotation prévue des actions privilégiées de série A à la Bourse de New York (NYSE). Pour évaluer ces déclarations prospectives, vous devez tenir compte de divers facteurs, notamment : la capacité de la Société à suivre le rythme des nouvelles technologies et des besoins changeants du marché ; la capacité de la Société à financer ses activités actuelles, les opérations de trésorerie Ethereum, et les activités futures proposées ; l'environnement concurrentiel des activités de la Société ; les conditions du marché affectant le cours des actions ordinaires de l'entreprise ; les développements réglementaires affectant les actifs numériques, y compris la promulgation finale et la mise en œuvre de la législation en cours et les initiatives de la SEC ; la volatilité et l'imprévisibilité des prix des actifs numériques ; et la valeur future du Bitcoin et de l'Ethereum. Les résultats réels et les performances et résultats futurs peuvent différer sensiblement de ceux exprimés dans les déclarations prospectives. Les déclarations prospectives sont soumises à de nombreuses conditions, dont beaucoup sont hors du contrôle de la Société, y compris celles énoncées dans la section « Risk Factors » du formulaire 10-K déposé par la Société auprès de la SEC le 21 novembre 2025, ainsi que dans tous les autres documents déposés auprès de la SEC, tels que modifiés ou mis à jour de temps à autre. Des copies des documents déposés par la Société auprès de la SEC sont disponibles sur le site web de la SEC à l'adresse suivante : www.sec.gov. Toute déclaration prospective contenue dans le présent communiqué de presse n'est valable qu'à la date de celui-ci, et la société décline spécifiquement toute obligation de mettre à jour les déclarations prospectives, que ce soit à la suite de nouvelles informations, d'événements futurs ou autres, sauf obligation légale contraire.
, /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) (das „Unternehmen") gab heute die Preisgestaltung für sein aufgestocktes Emissionsangebot (das „Angebot") bekannt, das gemäß dem Securities Act von 1933 in seiner geänderten Fassung (der „Securities Act") registriert wurde am 4. Juni 2026 von 3.500.000 Aktien der 9,50 %-igen unbefristeten Vorzugsaktien der Serie A (die „Vorzugsaktien der Serie A") zu einem öffentlichen Ausgabepreis von 80,00 US-Dollar pro Aktie. Dies entspricht einer Aufstockung des zuvor angekündigten Angebots von 3.000.000 Vorzugsaktien der Serie A. Die Ausgabe und der Verkauf der Vorzugsaktien der Serie A sollen vorbehaltlich der üblichen Abschlussbedingungen am 10. Juni 2026 abgeschlossen werden.
Das Unternehmen schätzt, dass sich der Nettoerlös aus dem Börsengang nach Abzug der Emissionsrabatte und -provisionen sowie der geschätzten Emissionskosten des Unternehmens auf rund 273,8 Millionen US-Dollar belaufen wird. Das Unternehmen beabsichtigt, den Nettoerlös aus dem Angebot für allgemeine Unternehmenszwecke zu verwenden, darunter unter anderem den Erwerb weiterer ETH und anderer digitaler Vermögenswerte, den Ausbau der Staking- und Validator-Infrastruktur des Unternehmens, unter anderem über MAVAN, Betriebskapital, strategische Investitionen im Einklang mit dem Ethereum-Ökosystem und der breiteren Akzeptanz digitaler Vermögenswerte sowie den Rückkauf von Stammaktien des Unternehmens im Rahmen seines Aktienrückkaufprogramms.
Die Vorzugsaktien der Serie A erhalten kumulative Dividenden zu einem festen Zinssatz von 9,50 % p. a. auf den Nennbetrag, der 100 US-Dollar pro Vorzugsaktie der Serie A beträgt, unabhängig davon, ob diese erklärt wurden oder ob Mittel für ihre Auszahlung rechtlich verfügbar sind (der „Nennbetrag"). Regelmäßige Dividenden auf die Vorzugsaktien der Serie A werden, sofern und sobald sie vom Vorstand der Gesellschaft beschlossen werden, aus den für ihre Zahlung rechtlich verfügbaren Mitteln wöchentlich nachträglich ausgezahlt; die Gesellschaft kann jedoch nach eigenem Ermessen beschließen, regelmäßige Dividenden künftig häufiger auszuzahlen. Die festgesetzten regulären Dividenden auf die Vorzugsaktien der Serie A sind ausschließlich in bar zu zahlen. Sollte eine aufgelaufene reguläre Dividende auf die Vorzugsaktien der Serie A nicht zum jeweiligen regulären Dividendenzahlungstermin ausgezahlt werden, fallen auf den Betrag dieser nicht ausgezahlten regulären Dividende zusätzliche reguläre Dividenden („Zinseszinsdividenden") an, die wöchentlich zum Zinseszinssatz auflaufen. Das Unternehmen wird die Flexibilität haben, die Auszahlungshäufigkeit der regulären Dividenden auf einen höheren Rhythmus als wöchentlich festzulegen; sollte das Unternehmen sich dafür entscheiden, wird die zusätzliche Dividendenerhöhung pro regulärem Dividendenzeitraum anteilig reduziert, um diesem kürzeren Zeitraum Rechnung zu tragen, sodass die maximale jährliche Gesamterhöhung der Dividende 260 Basispunkte beträgt.
Der Zinssatz für die Aufzinsung, der auf jede ausstehende reguläre Dividende anzuwenden ist, die an einem regulären Dividendenzahlungstag fällig war, beträgt zunächst einen Jahreszinssatz von 9,50 % zuzüglich 5 Basispunkten (basierend auf einem wöchentlichen regulären Dividendenzeitraum); vorausgesetzt jedoch, dass dieser Zinssatz bis zur vollständigen Zahlung dieser regulären Dividende sowie der darauf aufgelaufenen Dividenden für jeden nachfolgenden regulären Dividendenzeitraum um 5 Basispunkte pro Jahr (basierend auf einem wöchentlichen regulären Dividendenzeitraum) erhöht wird, bis zu einem maximalen Zinssatz von 15 % pro Jahr.
Das Unternehmen ist berechtigt, nach eigenem Ermessen die Vorzugsaktien der Serie A jederzeit oder von Zeit zu Zeit ganz oder teilweise gegen Barzahlung wie folgt zurückzukaufen: (i) ab dem ursprünglichen Ausgabedatum bis achtzehn (18) Monate nach dem ursprünglichen Ausgabedatum zu einem Rückkaufpreis in Höhe von 110 % des Nennbetrags pro Anteil; (ii) ab achtzehn (18) Monaten bis drei (3) Jahre nach dem ursprünglichen Ausgabedatum zu einem Rückkaufpreis in Höhe von 105 % des Nennbetrags pro Anteil; und (iii) nach drei (3) Jahren ab dem ursprünglichen Ausgabedatum zu einem Rückkaufpreis in Höhe von 100 % des Nennbetrags pro Anteil; zuzüglich in jedem Fall der bis zum Rückkaufdatum (ausschließlich) aufgelaufenen und noch nicht ausgezahlten Dividenden.
Darüber hinaus hat das Unternehmen das Recht, alle, jedoch nicht weniger als alle Vorzugsaktien der Serie A zurückzukaufen, falls die Gesamtzahl der zu diesem Zeitpunkt im Umlauf befindlichen Vorzugsaktien der Serie A weniger als 25 % der Gesamtzahl der Vorzugsaktien der Serie A beträgt, die ursprünglich im Rahmen des Emissionsangebots und aller künftigen Emissionsangebote zusammen ausgegeben wurden. Das Unternehmen hat außerdem das Recht, alle, aber nicht weniger als alle Vorzugsaktien der Serie A zurückzukaufen, wenn bestimmte steuerliche Ereignisse eintreten. Der Rückkaufpreis für jede Vorzugsaktie der Serie A, die im Zusammenhang mit einer „Clean-up Call"-Option oder einem steuerlichen Ereignis zurückzukaufen ist, entspricht einem Barbetrag in Höhe der Liquidationspräferenz der zurückzukaufenden Vorzugsaktie der Serie A, berechnet zum Geschäftstag vor dem Datum, an dem das Unternehmen die entsprechende Rückkaufmitteilung versendet, zuzüglich der bis zum Rückkaufdatum (ausschließlich dieses Datums) aufgelaufenen und noch nicht ausgezahlten regulären Dividenden.
Tritt ein Ereignis ein, das gemäß der Emissionsurkunde für die Vorzugsaktien der Serie A eine „wesentliche Änderung" darstellt, so haben die Inhaber der Vorzugsaktien der Serie A das Recht, von der Gesellschaft den Rückkauf eines Teils oder aller ihrer Vorzugsaktien der Serie A zu einem Barrückkaufpreis zu verlangen, der dem Nennwert der zurückzukaufenden Vorzugsaktien der Serie A zuzüglich etwaiger aufgelaufener und noch nicht ausgezahlter regulärer Dividenden entspricht, bis zum Rückkaufdatum aufgrund der grundlegenden Änderung, dieses Datum jedoch nicht eingeschlossen.
Die Liquidationspräferenz der Vorzugsaktien der Serie A beträgt zunächst 100 US-Dollar pro Aktie. Mit Wirkung unmittelbar nach Handelsschluss an jedem Geschäftstag nach dem Erstausgabetag (und, falls zutreffend, im Laufe eines Handelstages, an dem eine durch die Ausgabe von Vorzugsaktien der Serie A abzuwickelnde Verkaufstransaktion ausgeführt wird, ab dem genauen Zeitpunkt der ersten derartigen Verkaufstransaktion an diesem Handelstag bis zum Handelsschluss dieses Handelstages), wird die Liquidationspräferenz pro Aktie der Vorzugsaktien der Serie A auf den höchsten der folgenden Beträge angepasst: (i) den Nennwert pro Aktie der Vorzugsaktien der Serie A; (ii) im Falle eines Geschäftstages, an dem das Unternehmen an diesem Geschäftstag oder an einem Geschäftstag innerhalb des Zeitraums von zehn (10) Handelstagen vor diesem Geschäftstag eine Verkaufstransaktion durchgeführt hat, die durch die Ausgabe von Vorzugsaktien der Serie A zu begleichen ist, einen Betrag, der dem zuletzt gemeldeten Verkaufspreis pro Vorzugsaktie der Serie A am Handelstag unmittelbar vor diesem Geschäftstag entspricht; und (iii) dem arithmetischen Mittel der zuletzt gemeldeten Verkaufspreise pro Aktie der Vorzugsaktien der Serie A für jeden Handelstag der zehn (10) aufeinanderfolgenden Handelstage unmittelbar vor diesem Geschäftstag; vorausgesetzt jedoch, dass, falls zutreffend, die Bezugnahme in (iii) auf zehn (10) durch die geringere Anzahl von Handelstagen ersetzt wird, die im Zeitraum vom und einschließlich des Erstausgabedatums bis, jedoch ausschließlich, zu diesem Geschäftstag verstrichen sind. Die Liquidationspräferenz wird jedoch nicht auf einen Betrag angepasst, der unter 100 US-Dollar pro Aktie liegt.
Das Unternehmen hat die Notierung der Vorzugsaktien der Serie A an der New Yorker Börse unter dem Kürzel „BMNP" beantragt. Sollte die Notierung genehmigt werden, geht das Unternehmen davon aus, dass der Handel innerhalb von 30 Tagen nach dem Datum der Erstemission der Vorzugsaktien der Serie A aufgenommen wird.
Moelis & Company und Cantor fungieren als gemeinsame Konsortialführer für die Emission.
Das Angebot erfolgt gemäß einem wirksamen Shelf Registration Statement auf Formular S-3 (Aktenzeichen 333-288579), das am 9. Juli 2025 bei der Securities and Exchange Commission (der „SEC") eingereicht wurde (die „Registrierungserklärung"). Das Angebot erfolgt ausschließlich auf der Grundlage eines Prospektnachtrags und eines dazugehörigen Prospekts, die in der Registrierungserklärung enthalten sind. Eine elektronische Fassung des vorläufigen Prospektnachtrags ist zusammen mit dem dazugehörigen Prospekt auf der Website der SEC unter www.sec.gov verfügbar. Alternativ können Sie Exemplare des vorläufigen Prospektnachtrags zusammen mit dem dazugehörigen Prospekt anfordern bei: Moelis & Company LLC, 399 Park Avenue, 4. Stock, New York, NY 10022, telefonisch: 1-800-539-9413, oder Cantor Fitzgerald & Co, zu Händen: Capital Markets, 110 East 59th Street, New York, NY 10022, telefonisch: 1-212-938-5000, oder per E-Mail: [email protected].
Diese Pressemitteilung stellt weder ein Angebot zum Verkauf noch eine Aufforderung zur Abgabe eines Angebots zum Kauf der in dieser Pressemitteilung genannten Wertpapiere dar. Es wird auch kein Verkauf dieser Wertpapiere in einem Bundesstaat oder einer anderen Rechtsordnung erfolgen, in dem ein solches Angebot, ein solcher Verkauf oder eine solche Aufforderung vor einer Registrierung oder Zulassung gemäß den Wertpapiergesetzen dieses Bundesstaates oder dieser Rechtsordnung unzulässig wäre.
Informationen zu Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) ist ein Bitcoin-Miner mit Aktivitäten in den USA. Das Unternehmen setzt sein überschüssiges Kapital ein, um das weltweit führende Ethereum-Treasury-Unternehmen zu werden und eine innovative Strategie für digitale Vermögenswerte für institutionelle Investoren und öffentliche Marktteilnehmer umzusetzen. Geleitet von seiner Philosophie der „Alchemy of 5 %" setzt das Unternehmen auf ETH als primären Treasury-Reservewert und nutzt dabei native Aktivitäten auf Protokollebene, darunter Staking und dezentrale Finanzmechanismen. Das Unternehmen führte 2026 MAVAN (Made-in America VAlidator Network) ein, eine spezielle Staking-Infrastruktur für die Vermögenswerte des Unternehmens.
Zukunftsgerichtete Aussagen
Diese Pressemitteilung enthält Aussagen, die „zukunftsgerichtete Aussagen" darstellen. Die Aussagen in dieser Pressemitteilung, die nicht rein historischer Natur sind, sind zukunftsgerichtete Aussagen, die Risiken und Unsicherheiten beinhalten. Aussagen in dieser Pressemitteilung über zukünftige Erwartungen, Pläne und Aussichten sowie alle anderen Aussagen zu Sachverhalten, die keine historischen Tatsachen darstellen, können „zukunftsgerichtete Aussagen" im Sinne des Private Securities Litigation Reform Act von 1995 darstellen. Die Begriffe „antizipieren", „glauben", „fortsetzen", „könnte", „schätzen", „erwarten", „beabsichtigen", „möglicherweise", „planen", „potenziell", „vorhersagen", „prognostizieren", „sollte", „anstreben", „wird", „würde" und ähnliche Ausdrücke dienen dazu, zukunftsgerichtete Aussagen zu kennzeichnen, obwohl nicht alle zukunftsgerichteten Aussagen diese kennzeichnenden Begriffe enthalten. Diese Aussagen umfassen unter anderem Angaben zum Umfang und zum Zeitpunkt des Angebots, zur voraussichtlichen Verwendung der Erlöse aus dem Angebot, zu den Bedingungen der angebotenen Wertpapiere, zur Ausschüttung von Dividenden sowie zur erwarteten Notierung der Vorzugsaktien der Serie A an der NYSE. Bei der Bewertung dieser zukunftsgerichteten Aussagen sollten Sie verschiedene Faktoren berücksichtigen, darunter: die Fähigkeit des Unternehmens, mit neuen Technologien und sich wandelnden Marktanforderungen Schritt zu halten; die Fähigkeit des Unternehmens, sein laufendes Geschäft, die Treasury-Aktivitäten im Zusammenhang mit Ethereum sowie geplante zukünftige Geschäftsvorhaben zu finanzieren; das Wettbewerbsumfeld, in dem das Unternehmen tätig ist; Marktbedingungen, die sich auf den Handelskurs der Stammaktien des Unternehmens auswirken; regulatorische Entwicklungen im Bereich digitaler Vermögenswerte, einschließlich der endgültigen Verabschiedung und Umsetzung anhängiger Gesetzentwürfe und Initiativen der SEC; die Volatilität und Unvorhersehbarkeit der Preise digitaler Vermögenswerte; sowie der zukünftige Wert von Bitcoin und Ethereum. Die tatsächlichen Ergebnisse sowie die künftige Geschäftsentwicklung können erheblich von den in den zukunftsgerichteten Aussagen zum Ausdruck gebrachten Erwartungen abweichen. Zukunftsgerichtete Aussagen unterliegen zahlreichen Faktoren, von denen viele außerhalb der Kontrolle des Unternehmens liegen, einschließlich derjenigen, die im Abschnitt „Risikofaktoren" des am 21. November 2025 bei der SEC eingereichten Formulars 10-K des Unternehmens sowie in allen anderen bei der SEC eingereichten Unterlagen, in ihrer jeweils gültigen Fassung, dargelegt sind. Kopien der bei der SEC eingereichten Unterlagen des Unternehmens sind auf der Website der SEC unter www.sec.gov verfügbar. Alle in dieser Pressemitteilung enthaltenen zukunftsgerichteten Aussagen gelten nur zum Zeitpunkt ihrer Veröffentlichung, und das Unternehmen lehnt ausdrücklich jede Verpflichtung ab, zukunftsgerichtete Aussagen zu aktualisieren, sei es aufgrund neuer Informationen, zukünftiger Ereignisse oder aus anderen Gründen, es sei denn, dies ist gesetzlich vorgeschrieben.
, /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) (het 'bedrijf') heeft vandaag de prijsstelling bekendgemaakt van zijn verhoogde aanbieding (de 'aanbieding') van 3.500.000 aandelen 9,50% eeuwigdurende preferente aandelen uit Serie A (de 'preferente aandelen uit Serie A'), die het op 4 juni 2026 heeft geregistreerd onder de gewijzigde Securities Act van 1933 (de 'Securities Act'). Dit betreft een verhoging van de eerder aangekondigde aanbieding van 3.000.000 preferente aandelen uit Serie A. De uitgifte en verkoop van de preferente aandelen uit Serie A zullen naar verwachting op 10 juni 2026 worden afgerond, onder voorbehoud van de gebruikelijke afsluitingsvoorwaarden.
Het bedrijf schat dat de netto-opbrengst van de aanbieding ongeveer 273,8 miljoen dollar zal bedragen, na aftrek van de plaatsingsprovisies en commissies en de door het bedrijf geraamde kosten van de aanbieding. Het bedrijf is van plan de netto-opbrengst van de aanbieding te gebruiken voor algemene bedrijfsdoeleinden, waaronder mogelijk de aankoop van extra ETH en andere digitale activa, de uitbreiding van de staking- en validatorinfrastructuur van het bedrijf, onder meer via MAVAN, werkkapitaal, strategische investeringen die aansluiten bij het Ethereum-ecosysteem en de bredere adoptie van digitale activa, en/of de inkoop van eigen gewone aandelen in het kader van het aandeleninkoopprogramma van het bedrijf.
Op de preferente aandelen uit Serie A worden cumulatieve dividenden opgebouwd tegen een vast jaarlijks percentage van 9,50% van het vermelde bedrag van 100 dollar per aandeel (het 'vermelde bedrag'), ongeacht of deze dividenden al dan niet zijn vastgesteld of er wettelijk beschikbare middelen voor uitkering aanwezig zijn. Reguliere dividenden op de preferente aandelen uit Serie A worden, mits vastgesteld door de raad van bestuur van het bedrijf en voor zover daarvoor wettelijk beschikbare middelen beschikbaar zijn, wekelijks achteraf uitgekeerd. Het bedrijf kan er echter in de toekomst naar eigen inzicht voor kiezen deze dividenden vaker uit te keren. Vastgestelde reguliere dividenden op de preferente aandelen uit Serie A worden uitsluitend in contanten uitgekeerd. Indien een opgebouwd regulier dividend op de preferente aandelen uit Serie A niet wordt betaald op de toepasselijke reguliere dividendbetalingsdatum, zullen er aanvullende reguliere dividenden (hierna 'samengestelde dividenden' genoemd) worden opgebouwd over het bedrag van dat onbetaalde reguliere dividend, wekelijks samengesteld tegen het samengestelde dividendpercentage. Het bedrijf behoudt de flexibiliteit om ervoor te kiezen de uitbetalingsfrequentie van reguliere dividenden te verhogen tot vaker dan wekelijks; indien het bedrijf hiervoor kiest, zal de extra dividendverhoging per reguliere dividendperiode evenredig worden verlaagd om rekening te houden met deze kortere reguliere dividendperiode, zodat de maximale totale extra dividendverhoging per jaar 260 basispunten bedraagt.
Het samengestelde dividendpercentage dat van toepassing is op elk onbetaald regelmatig dividend dat op een reguliere dividendbetalingsdatum verschuldigd was, zal in eerste instantie een percentage per jaar bedragen dat gelijk is aan 9,50% plus 5 basispunten (op basis van een wekelijkse reguliere dividendperiode); op voorwaarde dat dit samengestelde dividendpercentage voor elke volgende reguliere dividendperiode met 5 basispunten per jaar (op basis van een wekelijkse reguliere dividendperiode) zal stijgen, totdat het reguliere dividend, samen met de daarop samengestelde dividenden, volledig is uitbetaald, tot een maximaal dividendpercentage van 15% per jaar.
Het bedrijf heeft naar eigen keuze het recht om de preferente aandelen uit serie A, geheel of gedeeltelijk, te allen tijde of van tijd tot tijd, tegen contante betaling af te lossen als volgt: (i) vanaf de oorspronkelijke uitgifte tot achttien (18) maanden na de oorspronkelijke uitgifte, tegen een terugkoopprijs gelijk aan 110% van het vermelde bedrag per aandeel; (ii) van achttien (18) maanden tot drie (3) jaar na de oorspronkelijke uitgifte, tegen een terugkoopprijs gelijk aan 105% van het vermelde bedrag per aandeel; en (iii) na drie (3) jaar na de oorspronkelijke uitgifte, tegen een terugkoopprijs die gelijk is aan 100% van het vermelde bedrag per aandeel; in elk geval vermeerderd met geaccumuleerde en onbetaalde dividenden daarover tot, maar exclusief, de terugkoopdatum.
Bovendien heeft het bedrijf het recht om alle, maar niet minder dan alle, preferente aandelen uit Serie A terug te kopen als het totale aantal aandelen van alle preferente aandelen uit Serie A dat op dat moment uitstaat minder is dan 25% van het totale aantal preferente aandelen uit Serie A dat oorspronkelijk werd uitgegeven in de aanbieding en in elke toekomstige aanbieding samen. Het bedrijf zal ook het recht hebben om alle, maar niet minder dan alle, preferente aandelen uit Serie A terug te kopen als bepaalde fiscale gebeurtenissen zich voordoen. De terugkoopprijs voor preferente aandelen uit Serie A die in verband met een clean-up call of fiscale gebeurtenis moeten worden teruggekocht, is een contant bedrag gelijk aan de liquidatiepreferentie van de preferente aandelen uit Serie A die moeten worden teruggekocht per de werkdag voorafgaand aan de datum waarop het bedrijf de desbetreffende terugkoopkennisgeving verzendt, vermeerderd met geaccumuleerde en onbetaalde reguliere dividenden tot, maar exclusief, de terugkoopdatum.
Indien zich een gebeurtenis voordoet die volgens het aanwijzingscertificaat voor de preferente aandelen uit Serie A een 'fundamentele wijziging' vormt, hebben houders van deze preferente aandelen het recht om van het bedrijf te verlangen dat het een deel of al hun preferente aandelen uit Serie A terugkoopt tegen een contante terugkoopprijs die gelijk is aan het vermelde bedrag van de terug te kopen preferente aandelen uit Serie A, vermeerderd met eventueel opgebouwde en nog niet uitbetaalde reguliere dividenden tot, maar exclusief, de terugkoopdatum in verband met de fundamentele wijziging.
De liquidatiepreferentie voor de preferente aandelen uit Serie A bedraagt in eerste instantie 100 dollar per aandeel. Vanaf onmiddellijk na sluiting van de handel op elke werkdag na de oorspronkelijke uitgiftedatum (en, indien van toepassing, gedurende een werkdag waarop een verkooptransactie die wordt afgewikkeld door uitgifte van preferente aandelen uit Serie A wordt uitgevoerd, vanaf het exacte tijdstip van de eerste dergelijke verkooptransactie op die werkdag tot aan de sluiting van de handel van die werkdag), wordt de liquidatiepreferentie per preferent aandeel uit Serie A aangepast naar het hoogste van: (i) het vermelde bedrag per aandeel; (ii) in het geval van een werkdag waarop het bedrijf op die werkdag of op een werkdag binnen de periode van tien (10) handelsdagen voorafgaand aan die werkdag een verkooptransactie heeft uitgevoerd die wordt afgewikkeld door uitgifte van preferente aandelen uit Serie A, een bedrag gelijk aan de laatst gerapporteerde verkoopprijs per aandeel op de handelsdag onmiddellijk voorafgaand aan die werkdag; en (iii) het rekenkundig gemiddelde van de laatst gerapporteerde verkoopprijzen per aandeel voor elke handelsdag van de tien (10) opeenvolgende handelsdagen onmiddellijk voorafgaand aan die werkdag; met dien verstande dat, indien van toepassing, de verwijzing in (iii) naar tien (10) wordt vervangen door het kleinere aantal handelsdagen dat is verstreken in de periode van (met ingang van) de oorspronkelijke uitgiftedatum tot (maar exclusief) die werkdag. De liquidatiepreferentie wordt echter niet aangepast tot een bedrag van minder dan 100 dollar per aandeel.
Het bedrijf heeft een aanvraag ingediend om de preferente aandelen uit serie A te laten noteren aan de New York Stock Exchange onder het tickersymbool 'BMNP'. Indien de notering wordt goedgekeurd, verwacht het bedrijf dat de handel binnen 30 dagen na de datum van eerste uitgifte van de preferente aandelen uit Serie A zal beginnen.
Moelis & Company en Cantor fungeren als gezamenlijke lead bookrunners voor de aanbieding.
De aanbieding wordt gedaan op grond van een effectieve doorlopende registratieverklaring op formulier S-3 (dossiernummer 333-288579), ingediend bij de Securities and Exchange Commission (SEC) op 9 juli 2025 (de 'registratieverklaring'). De aanbieding wordt uitsluitend gedaan door middel van een aanvulling op het prospectus en een bijgevoegd prospectus die in de registratieverklaring zijn opgenomen. Een elektronische kopie van de voorlopige prospectusaanvulling, samen met het bijbehorende prospectus, is beschikbaar op de website van de SEC op www.sec.gov. Een exemplaar van de aanvulling op het voorlopige prospectus, samen met het bijbehorende prospectus, kan ook worden verkregen door contact op te nemen met: Moelis & Company LLC, 399 Park Avenue 4th Floor, New York, NY 10022, telefonisch: 1-800-539-9413, of Cantor Fitzgerald & Co., Attentie: Capital Markets, 110 East 59th Street, New York, NY 10022, telefonisch: 1-212-938-5000, of per e-mail: [email protected].
Dit persbericht vormt geen aanbieding tot verkoop, noch een uitnodiging tot het doen van een aanbieding tot aankoop van de effecten waarnaar in dit persbericht wordt verwezen, en er zal geen verkoop van dergelijke effecten plaatsvinden in enige staat of ander rechtsgebied waar een dergelijke aanbieding, een dergelijke verkoop of een dergelijke uitnodiging onwettig zou zijn voordat registratie of goedkeuring heeft plaatsgevonden overeenkomstig de effectenwetgeving van die staat of dat rechtsgebied.
Over Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) is een Bitcoin-miner met activiteiten in de Verenigde Staten. Het bedrijf zet zijn overtollige kapitaal in om het toonaangevende bedrijf op het gebied van Ethereum-treasurybeheer ter wereld te worden, waarbij het een innovatieve strategie voor digitale activa implementeert voor institutionele beleggers en deelnemers aan de openbare kapitaalmarkten. Gedreven door zijn filosofie van de 'Alchemy of 5%' beschouwt het bedrijf ETH als zijn primaire treasuryreserveactief, waarbij het gebruikmaakt van activiteiten op protocolniveau, waaronder staking en de mechanismen van decentrale financiering. Het bedrijf heeft MAVAN (Made in America VAlidator Network), een speciale stakinginfrastructuur voor Bitmine-activa, gelanceerd in 2026.
Toekomstgerichte verklaringen
Dit persbericht bevat verklaringen die als 'toekomstgerichte verklaringen' worden aangemerkt. De verklaringen in dit persbericht die niet puur historisch van aard zijn, zijn toekomstgerichte verklaringen die risico's en onzekerheden met zich meebrengen. Verklaringen in dit persbericht over toekomstige verwachtingen, plannen en vooruitzichten, evenals andere verklaringen over zaken die geen historische feiten zijn, kunnen 'toekomstgerichte verklaringen' vormen in de zin van de Private Securities Litigation Reform Act van 1995. De woorden 'anticiperen op', 'geloven', 'voortzetten', 'kunnen', 'schatten', 'verwachten', 'voornemens zijn', 'mogen', 'plannen', 'potentieel', 'voorspellen', 'projecteren', 'zouden moeten', 'doelstelling', 'zullen', 'zouden', en soortgelijke uitdrukkingen zijn bedoeld om toekomstgerichte verklaringen aan te duiden, hoewel niet alle toekomstgerichte verklaringen deze identificerende woorden bevatten. Deze verklaringen omvatten, maar zijn niet beperkt tot, verklaringen met betrekking tot de omvang en het tijdstip van de aanbieding, het verwachte gebruik van de opbrengst van de aanbieding, de voorwaarden van de aangeboden effecten, de betaling van dividenden en de verwachte notering van de preferente aandelen uit Serie A op de NYSE. Bij de beoordeling van deze toekomstgerichte verklaringen dient u rekening te houden met diverse factoren, waaronder: het vermogen van het bedrijf om gelijke tred te houden met nieuwe technologieën en veranderende marktbehoeften; het vermogen van het bedrijf om zijn huidige activiteiten, zijn Ethereum-treasuryactiviteiten en de voorgestelde toekomstige activiteiten te financieren; de concurrentieomgeving waarin het bedrijf actief is; marktomstandigheden die van invloed zijn op de handelskoers van de gewone aandelen van het bedrijf; regelgevende ontwikkelingen met betrekking tot digitale activa, waaronder de uiteindelijke aanneming en implementatie van hangende wetgeving en initiatieven van de SEC; de volatiliteit en onvoorspelbaarheid van de prijzen van digitale activa; en de toekomstige waarde van Bitcoin en Ethereum. De werkelijke resultaten en toekomstige prestaties kunnen wezenlijk afwijken van die welke in toekomstgerichte verklaringen worden vermeld. Toekomstgerichte verklaringen zijn onderhevig aan talrijke omstandigheden, waarvan vele buiten de controle van het bedrijf liggen, waaronder de factoren die worden beschreven in het onderdeel Risicofactoren van het Formulier 10-K van het bedrijf, dat op 21 november 2025 is ingediend bij de SEC, evenals in alle andere SEC-documenten, zoals deze van tijd tot tijd worden gewijzigd of bijgewerkt. Kopieën van de door het bedrijf bij de SEC ingediende documenten zijn beschikbaar op de website van de SEC op www.sec.gov. Alle toekomstgerichte verklaringen in dit persbericht gelden uitsluitend op de datum van dit persbericht, en het bedrijf wijst uitdrukkelijk elke verplichting af om dergelijke toekomstgerichte verklaringen bij te werken, ongeacht of dit gebeurt naar aanleiding van nieuwe informatie, toekomstige gebeurtenissen of andere omstandigheden, behalve voor zover dit wettelijk vereist is.
, /PRNewswire/ -- Bitmine Immersion Technologies, Inc. (NYSE: BMNR) (la "Società") ha annunciato oggi il prezzo della sua offerta ampliata (l'"offerta") registrata ai sensi del Securities Act del 1933, come modificato (il "Securities Act"), il 4 giugno 2026 di 3.500.000 azioni di privilegiate perpetue di Serie A al 9,50% (le "Azioni privilegiate di Serie A"), a un prezzo di offerta pubblica di 80,00 dollari per azione. Ciò riflette un aumento dell'offerta precedentemente annunciata di 3.000.000 di azioni privilegiate di Serie A. L'emissione e la vendita delle azioni privilegiate di serie A dovrebbero concludersi il 10 giugno 2026, fatte salve le consuete condizioni di chiusura.
La Società prevede che i proventi netti derivanti dall'offerta ammonteranno a circa 273,8 milioni di dollari, al netto degli sconti e delle commissioni di sottoscrizione e delle spese di emissione stimate dalla Società. La Società vuole utilizzare i proventi netti dell'offerta per scopi aziendali generali, che possono comprendere l'acquisizione di ulteriori ETH e altri asset digitali; l'espansione dell'infrastruttura di staking e validazione della Società, anche tramite MAVAN; il capitale circolante; investimenti strategici allineati con l'ecosistema Ethereum e una più ampia adozione di asset digitali; e/o il riacquisto di azioni ordinarie della Società nell'ambito del suo programma di riacquisto di azioni.
Le azioni privilegiate di Serie A accumuleranno dividendi cumulativi a un tasso fisso del 9,50% annuo sull'importo dichiarato, pari a 100 dollari per azione privilegiata di Serie A, indipendentemente dal fatto che siano stati dichiarati o meno fondi disponibili dal punto di vista legale per il pagamento (l'"importo dichiarato"). I dividendi ordinari sulle azioni privilegiate di Serie A saranno pagabili quando e se dichiarati dal consiglio di amministrazione della società, utilizzando i fondi disponibili dal punto di vista legale per il pagamento, con cadenza settimanale posticipata, purché la Società possa in futuro scegliere, a sua esclusiva discrezione, di pagare i dividendi ordinari con maggiore frequenza. I dividendi ordinari dichiarati sulle azioni privilegiate di Serie A potranno essere pagati solo in contanti. Nel caso in cui un dividendo ordinario accumulato sulle azioni privilegiate di Serie A non venga pagato alla data di pagamento prevista, si accumuleranno ulteriori dividendi ordinari ("dividendi composti") sull'importo di tale dividendo ordinario non pagato, capitalizzati settimanalmente al tasso di interesse composto. La Società avrà la flessibilità per scegliere di aumentare la frequenza di pagamento dei dividendi ordinari, in modo che avvengano più di una volta a settimana e, in tal caso, l'incremento aggiuntivo del tasso di dividendo per periodo di distribuzione dei dividendi ordinari sarà ridotto proporzionalmente per riflettere tale periodo più breve, in modo che l'incremento massimo complessivo del tasso di dividendo aggiuntivo annuo sia pari a 260 punti base.
Il tasso di interesse composto applicabile a qualunque dividendo ordinario non pagato, dovuto in una data di pagamento ordinaria, sarà inizialmente pari al 9,50% annuo più 5 punti base (calcolato su un periodo di pagamento settimanale); tuttavia, fino al completo pagamento di tale dividendo ordinario, insieme ai relativi interessi composti, tale tasso di interesse composto aumenterà di 5 punti base all'anno (calcolato su un periodo di pagamento settimanale) per ogni successivo periodo di pagamento, fino a un tasso di interesse massimo del 15% annuo.
La Società avrà il diritto, a sua discrezione, di riscattare le azioni privilegiate di Serie A, in tutto o in parte, in qualsiasi momento, o di volta in volta, in contanti come segue: (i) dalla data di emissione originaria fino a diciotto (18) mesi dopo la data di emissione originaria, a un prezzo di riscatto pari al 110% dell'importo dichiarato per azione; (ii) da diciotto (18) mesi a tre (3) anni dopo la data di emissione originaria, a un prezzo di riscatto pari al 105% dell'importo dichiarato per azione; e (iii) dopo tre (3) anni dalla data di emissione originaria, a un prezzo di riscatto pari al 100% dell'importo dichiarato per azione; più, in ciascun caso, i dividendi accumulati e non pagati su di esse fino alla data di riscatto, esclusa.
Inoltre, la Società avrà il diritto di riscattare tutte, ma non meno di tutte, le azioni privilegiate di Serie A, se il numero totale di azioni privilegiate di Serie A in circolazione sia inferiore al 25% del numero totale di azioni privilegiate di Serie A originariamente emesse nell'ambito dell'offerta e di qualsiasi offerta futura, considerate insieme. Inoltre, la Società avrà il diritto di riscattare tutte, ma non meno di tutte, le azioni privilegiate di Serie A, in caso si verifichino determinati eventi fiscali. Il prezzo di riscatto per qualsiasi azione privilegiata di Serie A da rimborsare riguardo a una clean-up call o a un evento fiscale sarà pari a un importo in contanti equivalente al valore di liquidazione preferenziale dell'azione privilegiata di Serie A da rimborsare alla data del giorno lavorativo precedente la data in cui la Società invia la relativa comunicazione di rimborso, più i dividendi ordinari accumulati e non pagati fino alla data di rimborso, esclusa la data di riscatto.
Nel caso in cui si verifichi un evento che rappresenti un "cambiamento fondamentale" ai sensi del certificato di designazione che disciplina le azioni privilegiate di Serie A, i detentori di tali azioni avranno il diritto di richiedere alla società di riacquistare, in tutto o in parte, le proprie azioni privilegiate di Serie A con un prezzo di riacquisto in contanti pari all'importo fissato delle azioni privilegiate di Serie A da riacquistare, oltre agli eventuali dividendi ordinari accumulati e non pagati, fino alla data di riacquisto in caso di cambiamento fondamentale, esclusa tale data.
La preferenza di liquidazione delle azioni privilegiate di Serie A sarà inizialmente pari a 100 dollari per azione. Con decorrenza immediata a partire dalla chiusura delle contrattazioni di ogni giorno lavorativo successivo alla data di emissione iniziale (e, se applicabile, nel corso di un giorno lavorativo in cui viene eseguita qualsiasi transazione di vendita da regolare tramite l'emissione di azioni privilegiate di Serie A, dall'ora esatta della prima di tale transazione di vendita durante tale giorno lavorativo fino alla chiusura delle contrattazioni di tale giorno lavorativo), la preferenza di liquidazione per azione di azioni privilegiate di Serie A sarà adeguata al maggiore tra (i) l'importo dichiarato per azione di azioni privilegiate di Serie A; (ii) nel caso di qualsiasi giorno lavorativo rispetto al quale la Società abbia, in tale giorno lavorativo o in qualsiasi giorno lavorativo durante il periodo di dieci (10) giorni di negoziazione precedente tale giorno lavorativo, effettuata qualunque transazione di vendita da regolare mediante l'emissione di azioni privilegiate di Serie A, un importo pari all'ultimo prezzo di vendita riportato per azione di azioni privilegiate di Serie A nel giorno di negoziazione immediatamente precedente tale giorno lavorativo; e (iii) la media aritmetica degli ultimi prezzi di vendita riportati per azione di azioni privilegiate di Serie A per ciascun giorno di negoziazione dei dieci (10) giorni di negoziazione consecutivi immediatamente precedenti tale giorno lavorativo; a condizione, tuttavia, che, se applicabile, il riferimento in (iii) a dieci (10) sarà sostituito da un numero inferiore di giorni di negoziazione trascorsi durante il periodo dalla data di emissione iniziale, inclusa, fino a tale giorno lavorativo, ma escluso. Tuttavia, la preferenza di liquidazione non verrà modificata a un importo inferiore a 100 dollari per azione.
L'azienda ha presentato domanda per la quotazione delle azioni privilegiate di Serie A alla Borsa di New York con il simbolo "BMNP". Nel caso in cui la quotazione venga approvata, l'azienda prevede che le negoziazioni inizieranno entro 30 giorni dalla data di prima emissione delle azioni privilegiate di Serie A.
Moelis & Company e Cantor operano in veste di joint lead bookrunner per l'offerta.
L'offerta viene effettuata ai sensi di una dichiarazione di registrazione a scaffale efficace (shelf registration statement) valida sul modulo S-3 (numero di pratica 333-288579), depositata presso la Securities and Exchange Commission (la "SEC") il 9 luglio 2025 (la "Dichiarazione di registrazione"). L'offerta sarà effettuata soltanto tramite un supplemento al prospetto informativo e un prospetto allegato, inclusi nella Dichiarazione di Registrazione. Una copia elettronica del supplemento al prospetto preliminare, insieme al prospetto informativo allegato, è disponibile sul sito web della SEC all'indirizzo www.sec.gov. In alternativa, è possibile ottenere copie del supplemento al prospetto preliminare, insieme al prospetto informativo allegato, contattando: Moelis & Company LLC, 399 Park Avenue 4th Floor, New York, NY 10022, telefonicamente al numero 1-800-539-9413, oppure Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, NY 10022, telefonicamente al numero 1-212-938-5000 o via e-mail all'indirizzo [email protected].
Il presente comunicato stampa non rappresenta un'offerta di vendita, né una sollecitazione di un'offerta di acquisto, di alcun titolo a cui si fa riferimento nel presente comunicato stampa, né vi sarà alcuna vendita di tali titoli in alcuno Stato o altra giurisdizione dove tale offerta, vendita o sollecitazione sarebbe illegale prima della registrazione o della qualificazione ai sensi delle leggi sui titoli di tale Stato o giurisdizione.
Informazioni su Bitmine Immersion Technologies
Bitmine Immersion Technologies, Inc. (NYSE: BMNR) è un miner di Bitcoin con attività negli Stati Uniti. L'azienda sta utilizzando il capitale in eccesso per diventare la principale società di tesoreria Ethereum al mondo, con una strategia innovativa di asset digitali per investitori istituzionali e partecipanti al mercato pubblico. Guidata dalla filosofia "alchemy of 5%", la Società si impegna a utilizzare ETH come principale asset di riserva di tesoreria, sfruttando attività a livello di protocollo nativo, tra cui meccanismi di staking e finanza decentralizzata. Nel 2026, la Società ha lanciato MAVAN (Made-in America VAlidator Network), un'infrastruttura di staking dedicata per gli asset aziendali.
Dichiarazioni previsionali
Il presente comunicato stampa contiene dichiarazioni che costituiscono "dichiarazioni previsionali". Le dichiarazioni contenute nel presente comunicato stampa che non sono puramente storiche sono dichiarazioni previsionali che comportano rischi e incertezze. Le dichiarazioni contenute nel presente comunicato stampa relative ad aspettative, piani e prospettive future, come anche qualsiasi altra dichiarazione riguardante questioni che non siano fatti storici, possono costituire "dichiarazioni previsionali" ai sensi del Private Securities Litigation Reform Act del 1995. I termini "prevedere", "credere", "continuare", "potrebbe", "stimare", "aspettarsi", "intendere", "forse", "pianificare", "potenziale", "predire", "progettare", "dovrebbe", "obiettivo", "sarà", "sarebbe" ed espressioni simili mirano a individuare le dichiarazioni previsionali, sebbene non tutte le dichiarazioni previsionali contengano tali parole identificative. Queste dichiarazioni comprendono, a titolo esemplificativo ma non esaustivo, dichiarazioni relative all'entità e alla tempistica dell'offerta, all'utilizzo previsto di eventuali proventi derivanti dall'offerta, ai termini dei titoli offerti, al pagamento dei dividendi e alla prevista quotazione delle azioni privilegiate di Serie A sul NYSE. Nel valutare queste dichiarazioni previsionali, occorre considerare vari fattori, tra cui: la capacità della Società di stare al passo con le nuove tecnologie e le mutevoli esigenze del mercato; la capacità della Società di finanziare la propria attività attuale, le operazioni di tesoreria relative a Ethereum, e le attività future proposte; il contesto competitivo in cui opera la Società; le condizioni di mercato che influenzano il prezzo di negoziazione delle azioni ordinarie della Società; gli sviluppi normativi che riguardano le risorse digitali, tra cui l'eventuale approvazione e attuazione di leggi in sospeso e iniziative della SEC; la volatilità e l'imprevedibilità dei prezzi delle risorse digitali; e il valore futuro di Bitcoin ed Ethereum. Le prestazioni future e i risultati futuri effettivi potrebbero differire notevolmente da quelli espressi nelle dichiarazioni previsionali. Le dichiarazioni previsionali sono soggette a numerose condizioni, molte delle quali esulano dal controllo della Società, comprese quelle indicate nella sezione "Fattori di rischio" del modulo 10-K della Società depositato presso la SEC il 21 novembre 2025, nonché in tutti gli altri documenti depositati presso la SEC, modificati o aggiornati di volta in volta. Le copie dei documenti depositati dalla Società presso la SEC sono disponibili sul sito web della SEC all'indirizzo www.sec.gov. Qualsiasi dichiarazione previsionale contenuta nel presente comunicato stampa è valida solo alla data odierna, e la Società declina espressamente qualsiasi obbligo di aggiornare tali dichiarazioni, sia a seguito di nuove informazioni, eventi futuri o altro, salvo quanto richiesto dalla legge.
As chairman of Bitmine Immersion Technologies (BMNR +0.38%), the world's largest Ethereum (ETH 0.08%) treasury company, Tom Lee is no stranger to super-bullish crypto price predictions. His latest price target, though, might have you scratching your head.
Lee predicts that Ethereum will soar from $2,000 to $62,000. If he's right, that would be a 3,000% return! Even investors in AI, quantum computing, or space exploration will likely find it impossible to achieve the same type of results over the next few years.
What's behind the $62,000 price target? There are a number of key factors that go into the $62,000 price target. The first involves Ethereum's historical dominance within the field of decentralized finance (DeFi). Over the past decade, Ethereum has become the go-to blockchain for Wall Street.
Image source: Getty Images.
As Lee sees it, Ethereum will continue this DeFi dominance into the foreseeable future. As the worlds of traditional finance and blockchain finance continue to merge, Ethereum will likely become the most important blockchain for both tokenized assets and stablecoins.
Those are both massive future market opportunities. According to U.S. Treasury Secretary Scott Bessent, stablecoins could be a $3 trillion market opportunity by 2030. And, according to top consulting firms, real-world asset (RWA) tokenization could become a multitrillion-dollar market opportunity within a few years.
Is Ethereum really as unstoppable as it appears? But things get a bit murky after that. For one, Ethereum is down more than 35% in 2026, and currently trades at a hefty 62% discount to its all-time high of $4,954 in August. So it will quickly need to turn things around and regain momentum.
Lee thinks this is possible later this year because the latest "crypto winter" is already over, and some cryptocurrencies are showing signs of life. As he sees it, "crypto spring" is here.
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The other problem, quite simply, is that the $62,000 price target for Ethereum is based on an equally outlandish price target for Bitcoin (BTC +1.13%). Lee thinks that Bitcoin will soon be worth $250,000, and, as a rough estimate, he thinks Ethereum should be worth 25% of whatever Bitcoin is worth. That's how he lands on the $62,000 price target.
Admittedly, Ethereum is now worth roughly one-sixth of what Bitcoin is worth, so a 25% scaling factor is not out of the question. Moreover, Ethereum has historically been very highly correlated with Bitcoin. Over the past 12 months, the correlation between Bitcoin and Ethereum has been a very robust 0.86. So if Bitcoin is about to surge higher, then there's a high likelihood that Ethereum will as well.
How realistic is a price of $62,000? At the end of the day, it's important for investors to keep their expectations about Ethereum in check. After all, there's no immutable rule of the universe that says that Bitcoin must drag the entire crypto market higher. And there's no reason to accept Lee's prediction without thought.
Yes, Ethereum is capable of soaring much higher. And, yes, it might reclaim the $5,000 price level this year. But, from my point of view, $62,000 is a price target that even an "unstoppable" cryptocurrency would have trouble hitting.
Bitmine owns 4.59% of the total ETH coin supply of 120.7 million
Bitmine is 92% of the way to the 'Alchemy of 5%' in just 11 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 has 4,718,677 staked ETH, representing $7.7 billion at $1,630 per ETH
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
Bitmine owns $88 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI
Bitmine Crypto + Total Cash Holdings + "Moonshots" total $9.6 billion, including 5.54 million ETH tokens, total cash of $247 million, and other crypto holdings
Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock
Bitmine is the 148th most traded stock in the US, trading $829 million per day (5-day avg)
Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH
, /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash + "moonshots" holdings totaling $9.6 billion.
Bitmine weekly update
STAKING: BMNR now staking over 4.7 million ETH
ALCHEMY of 5%: BMNR ranked #148 by 5D avg $ volume
As of June 7, 2026 at 3:00pm ET, the Company's crypto holdings are comprised of 5,543,872 ETH at $1,630 per ETH (per CoinbaseNASDAQ: COIN), 204 Bitcoin (BTC), $180 million stake in Beast Industries, $88 million stake in Eightco Holdings (NASDAQ: ORBS) ("moonshots") and total cash of $247 million. Bitmine's ETH holdings are 4.59% of the ETH supply (of 120.7 million ETH).
On May 11, 2026, Bitmine released the latest Chairman's Message (link here) for May 2026.
"Last week, Zcash tumbled after it was revealed Zcash hired a security researcher to audit the Orchard circuit and found a flaw, potentially allowing false minting of Zcash. This flaw was patched on June 1. The broad selloff in crypto, in our view, is a superficial take. As AI systems capabilities improve, the demand for de-centralized and hardened solutions will likely increase, particularly to protect users from agentic systems. AI systems are going to find flaws in centralized financial services rails and weak decentralized protocols. We believe this actually strengthens the use case and product market fit for hardened and reliable decentralized blockchains like ethereum. Thus, we believe ETH prices should not be coming under pressure," stated Thomas "Tom" Lee, Chairman of Bitmine.
"Over the past week, we acquired 126,971 ETH. We increased our buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals. This is not surprising given we are in the early stages of crypto spring. Bitmine is expected to reach the 'alchemy of 5%' sometime in 2026," stated Thomas "Tom" Lee, Chairman of Bitmine.
Bitmine recently launched MAVAN (the Made in American VAlidator Network), the institutional grade staking platform. While MAVAN was originally developed to support Bitmine's own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine's ETH is already staked on the MAVAN platform.
As of June 7, 2026, Bitmine total staked ETH stands at 4,718,677 ($7.7 billion at $1,630 per ETH). "Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine's ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $270 million on an annualized basis (using 2.99% 7-day BMNR yield)," stated Lee.
"Annualized staking revenues are now projected at $230 million. And this 4.7 million ETH is over 85% of the 5.54 million ETH held by Bitmine. Bitmine's own staking operations generated a 7-day yield of 2.99% (annualized)," continued Lee.
Bitmine's crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 843,706 BTC valued at $52 billion. Bitmine remains the largest ETH treasury in the world.
Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $829 million (5-day average, as of June 5, 2026), ranking #148 in the US, behind Workday Inc. (rank #147) and ahead of Pfizer Inc. (rank #149) among 5,704 US-listed stocks (statista.com and Fundstrat research).
Bitmine management believes the GENIUS Act and Securities and Exchange Commission's (the "SEC") Project Crypto are as transformational to financial services in 2025 as US action on August 15, 1971 ending Bretton Woods and the USD on the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.
The Chairman's message can be found here:
https://www.Bitminetech.io/chairmans-message
The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here:
https://Bitminetech.io/investor-relations/
To stay informed, please sign up at: https://Bitminetech.io/contact-us/
About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. These forward-looking statements can be identified by terms such as "expects," "projects," "projected," "intends," "believes," "anticipates," "estimates," and similar expressions. This document specifically contains forward-looking statements regarding: (i) the Company's goals regarding ETH acquisition, including the 'Alchemy of 5%' initiative and the expectation that Bitmine will reach this goal sometime in 2026; (ii) the Company's beliefs and expectations regarding the cryptocurrency market, including that Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and agentic AI systems increasingly needing public and neutral blockchains; (iii) expectations that demand for decentralized and hardened blockchain solutions will likely increase, particularly as AI systems capabilities improve; (iv) management's belief that AI systems finding flaws in centralized financial services rails and weak decentralized protocols strengthens the use case and product market fit for hardened blockchains like Ethereum; (v) the Company's digital asset accumulation strategy and staking operations, including projected annualized ETH staking rewards of $270 million (when Bitmine's ETH is fully staked) and projected annualized staking revenues of $230 million; (vi) MAVAN's intended expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure; (vii) the Company's characterization of current market conditions as the "early stages of crypto spring" and that ETH price pullbacks do not reflect the strengthening of Ethereum fundamentals; (viii) management's belief that the GENIUS Act and SEC Project Crypto are as transformational to financial services as US action on August 15, 1971 ending Bretton Woods and the USD gold standard; and (ix) continued growth and advancement of the Company's Ethereum treasury strategy. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations, and proposed future business; the competitive environment of Bitmine's business; market conditions affecting the trading price of the Company's common stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability, and security of the Company's staking operations; risks related to AI systems and their impact on cryptocurrency markets; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Bitmine Immersion Technologies has been crushed with the Ethereum price collapse and sector-wide crypto panic. BMNR's treasury model leverages Ethereum for staking revenues and business growth, insulating operations from crypto price volatility compared to peers. The company projects annualized staking revenues at $258 million with ETH above $2,000, but recent price drops materially impact near-term revenue potential.
Eightco treasury composition as of June 10, 2026: $90M OpenAI equity (indirect), $18M Beast
Industries equity, 16,278 ETH, 283 million WLD holdings, and $142M cash and equivalents,
totaling approximately $406 million
OpenAI announced that it submitted a confidential S-1, setting itself up for an initial public
offering
World offers a solution to the 'double human' problem in a world proliferating with deepfakes
Eightco provides indirect exposure to some of the most innovative private companies including
OpenAI and Beast Industries
, /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" or the "Company") today provided an update on its total holdings, highlighting its unique position across digital assets and strategic investments in leading private technology companies.
Eightco Holdings (NASDAQ: ORBS) Reports Total Holdings of Approximately $406 Million, Includes OpenAI, Beast Industries, More Than 16,000 ETH and Over 283 Million WLD Tokens
Eightco Holdings (NASDAQ: ORBS) Reports Total Holdings of Approximately $406 Million, Includes OpenAI, Beast Industries, More Than 16,000 ETH and Over 283 Million WLD Tokens
As of June 10, 2026, at 4:30 p.m. ET, ORBS' holdings include a $90 million investment (indirectly, through SPVs) in OpenAI, an $18 million funded investment in Beast Industries, a $1 million investment in Mythical Games, 283,452,700 Worldcoin (WLD) at $0.45 per WLD (per Coinbase), 16,278 Ethereum (ETH), and approximately $142 million in total cash and stablecoins, for total holdings of approximately $406 million.
Top AI Headlines Driving the News:
ORBS management believes the Company's treasury portfolio holds some of the most critical components for the future AI and digital financial system. Among the holdings, key highlights in recent weeks are:
It was recently reported that hackers can potentially use AI to extract fingerprints from posted images of people taking peace-sign selfies. Using photo-editing software and AI tools, fingerprint ridges can become enhanced and visible in hi-res images (The New York Post). With the proliferation of advanced AI tools, Tools For Humanity's Orb devices become increasingly more important to prove humanness. On June 8th, OpenAI announced that it submitted a confidential S-1, setting itself up for an initial public offering (OpenAI). "A future OpenAI IPO will allow public investors to own a direct stake in one of the most important companies driving the AI transformation," said Thomas "Tom" Lee, Board Member of Eightco. "ORBS, through its current holdings of indirect interests in the equity of OpenAI, enables investors exposure to OpenAI prior to any public offering."
Eightco: Exposure to key mega-trends
Eightco is built around three mega-trends the Company expects to shape the next decade of innovation: artificial intelligence, digital identity, and the creator economy, with positions in each trend through indirect investment in OpenAI (22% of ORBS' treasury holdings), Worldcoin (32%), and Beast Industries (4%).
Artificial Intelligence — OpenAI
Eightco has invested approximately $90 million in special purpose vehicles with exposure to equity interests in the parent company of OpenAI, representing approximately 22% of treasury assets, one of the highest disclosed concentrations of any listed vehicle.
ChatGPT, OpenAI's consumer app, is the #1 consumer AI app worldwide (Sensor Tower) and crossed 900 million weekly active users in February 2026, making it the fastest-scaling consumer technology in history (UBS via Reuters).
Digital Identity — WLD Token
Eightco holds over 283 million WLD, approximately 8.4% of circulating supply, the largest publicly disclosed institutional position globally and approximately 32% of the Eightco treasury's assets.
Worldcoin is the native token of World, a global Proof of Human network built by Tools for Humanity (co-founded by Sam Altman and Alex Blania) and stewarded by the World Foundation. Its Orb devices issue a privacy-preserving World ID that verifies a user is a unique human, not an AI agent.
Under World's announced business model, applications pay per-verification fees while end-user verification remains free, with both credential issuers and the World protocol monetizing verified-human authentication. World identifies a $6.35 trillion combined addressable revenue opportunity across 13 industries spanning banking, e-commerce, gaming, social media, and agentic AI (per Tools for Humanity).
Creator Economy — Beast Industries
Eightco has invested $18 million in Beast Industries equity, approximately 4% of treasury assets.
Beast Industries operates one of the largest direct-to-consumer reach footprints in the world, with a combined 500 million-plus follower base across platforms, anchored by MrBeast as the most-watched person on YouTube globally. As AI commoditizes content production, distribution and audience trust become increasingly scarce assets.
About Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company executing a first-of-its-kind Worldcoin (WLD) treasury strategy, providing investors single-ticker indirect exposure to three of the defining trends of this cycle: artificial intelligence through its indirect investment in OpenAI, digital identity through its position as the largest public holder of WLD and the Proof of Human protocol, and the creator economy through its equity stake in MrBeast's Beast Industries. Backed by leading institutional investors including Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, CoinFund, Discovery Capital Management, FalconX, Payward/Kraken, Pantera, and GSR, Eightco is building the infrastructure layer for human verification in the agentic AI era.
For more information:
X: @iamhuman_orbs
Website: 8co.holdings
Frequently Asked Questions
What is ORBS stock?
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company on Nasdaq. ORBS provides indirect exposure to: OpenAI and Beast Industries.
Who owns the most Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) holds 283 million WLD, approximately 8.4% of circulating supply and the largest publicly disclosed institutional position globally.
What is Proof of Human?
Proof of Human is cryptographic verification that a user is a unique, living person, not a bot or AI agent. It is foundational infrastructure for social networks, banking, agentic commerce, and any system requiring "one person, one account" in the agentic AI era.
How does Eightco (ORBS) relate to Proof of Human?
Eightco Holdings (NASDAQ: ORBS) is the largest publicly disclosed institutional holder of Worldcoin (WLD), the token powering World's Proof of Human network.
Who is the CEO of Eightco Holdings?
Kevin O'Donnell is the CEO of Eightco Holdings (NASDAQ: ORBS). The Company's Board includes Tom Lee (Managing Partner and Head of Research at Fundstrat, and Chairman of Bitmine Immersion Technologies (NYSE: BMNR)) and, as an advisor to the Board, Brett Winton (Chief Futurist at ARK Invest).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward-looking, including, without limitation, statements regarding: the Company's expectations that artificial intelligence, digital identity, and the creator economy will shape the next decade of innovation; the Company's belief that its treasury portfolio holds some of the most critical components for the future AI and digital financial system; statements regarding the importance of Orb devices to prove humanness in light of the proliferation of advanced AI tools; expectations regarding a potential OpenAI initial public offering and expectations that any such IPO would allow public investors to own a direct stake in one of the most important companies driving the AI transformation; the Company's Board Member's statement that ORBS' exposure to OpenAI enables investor exposure to OpenAI prior to any public offering; statements regarding ChatGPT being the fastest-scaling consumer technology in history; beliefs that Proof-of-Human verification is becoming essential infrastructure for social networks, banking, agentic commerce, and financial systems in the agentic AI era; statements regarding World's addressable revenue opportunity of $6.35 trillion across industries spanning banking, e-commerce, gaming, social media, and agentic AI; and statements regarding the importance of distribution and audience trust as AI commoditizes content production. Words such as "plans," "expects," "will," "anticipates," "continue," "expand," "advance," "develop," "believes," "guidance," "target," "may," "remain," "project," "outlook," "intend," "estimate," "could," "should," and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management's current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the Company's inability to direct the management or operations of private businesses where the Company is not a controlling stockholder, including OpenAI and Beast Industries; risk of loss or markdown on the Company's strategic investments, including its indirect position in OpenAI equity (held through special purpose vehicles), its position in WLD, and its position in Beast Industries equity; the Company's ability to maintain compliance with Nasdaq's continued listing requirements; unexpected costs, charges or expenses that reduce the Company's capital resources or otherwise delay capital deployment; inability to raise adequate capital to fund or scale its business operations or strategic investments; volatility in digital asset prices, including WLD and ETH, which could materially affect the value of the Company's treasury holdings; regulatory changes, future legislation and rulemaking negatively impacting digital assets, artificial intelligence adoption, or biometric data collection; risks related to the development, adoption, and market acceptance of Proof-of-Human technology and the World network; uncertainty regarding the pace and trajectory of agentic AI deployment in enterprise and consumer applications; uncertainty regarding OpenAI's product roadmap and the timing or success of any IPO; risks related to Beast Industries' ability to achieve its growth projections; and shifting public and governmental positions on digital assets or artificial intelligence-related industries. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco's actual results to differ from those contained in the forward-looking statements herein, see Eightco's filings with the Securities and Exchange Commission (the "SEC"), including the risk factors and other disclosures in its Annual Report on Form 10-K filed with the SEC on April 15, 2026 and other publicly available SEC filings. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.
DALLAS, March 11, 2026 (GLOBE NEWSWIRE) -- Strive, Inc. (Nasdaq: ASST; SATA) (“Strive” or the “Company”) today announced the following updates:
SATA dividend rate increased by 25 bps to 12.75%. Dividend declared of $1.0625 per share of SATA Stock to stockholders of record the close of business on April 1, 2026, payable on April 15, 2026Targeted SATA price range narrowed to $99-$101 from $95-$105Updated guidance to not issue SATA via ATM or follow-on offerings below $100.00Purchased 179 additional Bitcoin since last filing and now holds approximately 13,311 BTCPurchased $50 million (500,000 shares) of Strategy Variable Rate Series A Perpetual Stretch Preferred Stock (Nasdaq: STRC)SATA dividend reserve increased to 18 months (12 months cash and cash equivalents + 6 months STRC based on current STRC trading prices, which are subject to market conditions) from previously reported 12-month cash reserveAggregate Bitcoin, STRC, and cash reserves cover over 19 years of SATA interest payments as of March 9thAs of March 9, 2026, Strive held $143.4 million of cash and cash equivalents, of which $50 million was subsequently utilized to purchase shares of STRC, and approximately 13,311 Bitcoin. Strive had 56,897,668 shares of Class A common stock, 9,880,117 shares of Class B common stock, and 4,275,118 shares of SATA Stock outstanding as of March 9, 2026 “We believe Digital Credit could be a multi-trillion-dollar opportunity, and every single update today aims to improve the credit quality and lower the expected volatility profile of our Digital Credit product, SATA,” said Matthew Cole, Chairman & Chief Executive Officer of Strive, Inc. "We’re focused on building a track record of success for SATA by maintaining a stable trading range and keeping a strong balance sheet, which we believe will generate attractive long-term returns to our common equity shareholders vs our Bitcoin hurdle rate.”
“The addition of STRC to our balance sheet reflects our view that it is a high-quality credit instrument with a compelling risk-return profile that offers clear advantages over traditional fixed income assets,” said Jeff Walton, Chief Risk Officer of Strive. “Its combination of higher yield and greater liquidity allows us to optimize our capital structure and rethink how we allocate short and moderate duration capital. This positions Strive to strengthen our long-term financial profile and credit quality, and to maintain a disciplined, forward-looking approach to digital capital.”
“This latest purchase strengthens our balance sheet and reflects our disciplined approach to continued Bitcoin accumulation,” said Ben Werkman, Chief Investment Officer of Strive. “We believe both STRC and SATA offer a compelling investment opportunity for corporate balance sheets given the volatility profile, liquidity, and yield they offer to investors.”
About Strive
Strive is a structured finance company and institutional asset manager focused on disciplined capital allocation and long-term value creation. With Bitcoin as our hurdle rate for capital deployment, Strive is focused on increasing Bitcoin per share to outperform Bitcoin over the long run. Strive holds approximately 13,311 Bitcoin as of March 9, 2026.
Strive Asset Management, LLC, a direct, wholly owned subsidiary of Strive and an SEC-registered investment adviser, manages over $2.5 billion in assets. Learn more at strive.com.
Certain statements herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements include, but are not limited to, express or implied statements regarding the outlook and expectations of Strive, the strategic benefits and financial benefits of the merger transaction with Semler Scientific, Inc. (the "merger transaction"), including the expected impact of the merger transaction on the combined company’s future financial performance and the ability to successfully integrate the combined businesses, and the Company’s intentions with respect to adjusting the SATA Stock monthly regular dividend rate per annum. Such statements are often characterized by the use of qualified words (and their derivatives) such as “may,” “will,” “anticipate,” “could,” “should,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “project,” “predict,” “potential,” “assume,” “forecast,” “target,” “budget,” “outlook,” “trend,” “guidance,” “objective,” “goal,” “strategy,” “opportunity,” and “intend,” as well as words of similar meaning or other statements concerning opinions or judgments of Strive and its respective management team about future events. Forward-looking statements are based on assumptions as of the time they are made and are subject to risks, uncertainties and other factors that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results expressed or implied by such forward-looking statements as a result of various important factors. Other risks, uncertainties and assumptions, including, among others, the following:
the outcome of any legal proceedings that may be instituted against Strive or its subsidiaries;the possibility that the anticipated benefits of the merger transaction are not realized when expected or at all, including as a result of changes in, or problems arising from, implementation of Bitcoin treasury strategies and risks associated with Bitcoin and other digital assets, general economic and market conditions, interest and exchange rates, monetary policy, and laws and regulations and their enforcement;the diversion of management’s attention from ongoing business operations and opportunities;dilution caused by Strive’s issuance of additional shares of its Class A common stock or SATA Stock;potential adverse reactions of Strive’s clients and customers or changes to business or employee relationships, including those resulting from the completion of the merger transaction;other factors that may affect future results of Strive.These factors are not necessarily all of the factors that could cause the combined company’s actual results, performance or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other factors, including unknown or unpredictable factors, also could harm the combined company’s results. Although Strive believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that the actual results of Strive will not differ materially from any projected future results expressed or implied by such forward-looking statements. Additional factors that could cause results to differ materially from those described above can be found in Strive’s Annual Report on Form 10-K, Strive’s Form S-4 filed on August 6, 2025 and October 10, 2025, under the “Supplementary Risk Factors” filed as an exhibit to Strive’s Current Report on Form 8-K filed with the SEC on September 24, 2025, Semler Scientific’s most recent annual report on Form 10-K for the fiscal year ended December 31, 2024 and quarterly reports on Form 10-Q, and other documents subsequently filed by Strive and Semler Scientific, Inc. with the SEC.
The actual results anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on Strive or its businesses or operations. Investors are cautioned not to rely too heavily on any such forward-looking statements. Forward-looking statements contained herein speak only as of the date hereof, and Strive undertakes no obligation to update or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
Strive, Inc. (NASDAQ: ASST - Get Free Report)'s stock price gapped up prior to trading on Friday. The stock had previously closed at $8.83, but opened at $9.36. Strive shares last traded at $9.9610, with a volume of 1,287,026 shares traded. Wall Street Analyst Weigh In Several research analysts recently commented on the company. Wall
Strive, Inc. (NASDAQ: ASST - Get Free Report) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 12,432,854 shares, a growth of 14.4% from the February 12th total of 10,871,880 shares. Based on an average daily trading volume, of 2,765,480 shares, the days-to-cover ratio
DALLAS, March 19, 2026 (GLOBE NEWSWIRE) -- Strive, Inc. (Nasdaq: ASST; SATA) (“Strive” or the “Company”) today announced its financial results for the fourth quarter ended December 31, 2025.
Key Highlights Since Strive's Public Listing in September 2025:
Accumulated a total of 13,628 bitcoin as of March 17, 2026. 5,886 bitcoin from initial PIPE proceeds and 351 exchange.5,048 bitcoin from acquisition of Semler Scientific, Inc.2,694 bitcoin from other capital markets activity, including SATA IPO and follow-on, ASST ATM, and SATA ATM. Achieved a Bitcoin Yield of 22.2% in Q4 2025 and 13.8% QTD (as of March 17, 2026) in Q1 2026.Generated a Bitcoin Gain of ₿1,305 BTC in Q4 2025 and ₿1,050 QTD (as of March 17, 2026) in Q1 2026.Generated a Bitcoin $ Gain of $114.3 million in Q4 2025 and $78.2 million QTD (as of March 17, 2026) in Q1 2026.As of March 17, 2026, Strive's cash and cash equivalents totaled $83.7 million, and our position in the STRC Stock (as defined below) had a fair value of $50.4 million. Strive had 59,286,628 and 9,872,157 shares of Class A common stock and Class B common stock, respectively, and 4,275,118 shares of SATA Stock outstanding.On November 10, 2025, the Company completed a registered public offering of 2,000,000 shares of its Variable Rate Series A Perpetual Preferred Stock (“SATA Stock”) at a price to the public of $80.00 per share, resulting in net proceeds of approximately $148.4 million, after deducting the underwriting discounts and commissions and the Company’s offering expenses. The SATA Stock is listed for trading on The Nasdaq Global Market under the symbol “SATA.”Consummated the acquisition of Semler Scientific, Inc. ("Semler Scientific") in an all-stock transaction, resulting in Strive acquiring the approximately 5,048 bitcoin held by Semler Scientific. Strive is executing on its vision for Semler Scientific's operating business, now held under a wholly-owned subsidiary of Strive called Clinivanta, pursuing a broader mandate centered on preventative healthcare. In February 2026, we appointed Michelle Fox, the former Chief Medical Officer of Teleflex, as CEO of Clinivanta. Strive intends to monetize the business as it remains focused on its Bitcoin accumulation strategy.On January 27, 2026, the Company completed a follow-on registered public offering of 1,320,000 shares of its SATA Stock at a price to the public of $90.00 per share, resulting in net proceeds of approximately $109.2 million, after deducting the underwriting discounts and commissions and the Company’s offering expenses. Strive utilized these proceeds, along with cash on hand, to retire the $20 million loan with Coinbase Credit Inc., which Strive assumed as part of the acquisition of Semler Scientific. Concurrent with the above public offering, Strive exchanged approximately 929,999 shares of SATA Stock, with a $93.0 million notional balance, for $90.0 million of the principal balance of the convertible notes assumed as part of the acquisition of Semler Scientific, representing 90.0% of the principal balance of the convertible debt principal balance assumed from Semler Scientific.Made an initial investment of $50 million (500,000 shares) of Variable Rate Series A Perpetual Stretch Preferred Stock (the "STRC Stock") of Strategy Inc. in March 2026.GAAP net loss of $393.6 million, for the period from September 12, 2025 to December 31, 2025, with expected non-recurring expenses and/or non-cash items of $12.4 million and $177.3 million, respectively, accounting for 48.2% of the net loss. Of the remaining $203.9 million GAAP net loss, $194.5 million (95.4%) was attributable to the fair market value decrease in bitcoin holdings.Non-GAAP adjusted net loss attributable to common stockholders1 of $208.2 million, or $4.73 per diluted common share1, which is adjusted for the 1-20 reverse stock split that became effective February 6, 2026, for the period from September 12, 2025 to December 31, 2025. $194.5 million (93.4%) of the $208.2 million non-GAAP adjusted net loss attributable to common stockholders was attributable to the fair market value decrease in bitcoin holdings and $13.7 million (6.6%) was attributable to other business operations. Non-GAAP adjusted net loss attributable to common stockholders subtracts non-recurring and non-cash items from GAAP net loss attributable to common stockholders. “Out of the numerous successes Strive had in our first six months as a public company, the most important was cementing our foundation as a structured finance company laser focused on digital credit. We see a multi-trillion dollar opportunity for digital credit to scale in the years to come. We believe our digital credit product, SATA, provides a liquid and scalable solution for investors targeting double-digit yield with minimal volatility," said Matthew Cole, Chairman & Chief Executive Officer of Strive, Inc. "We’re focused on building a track record of success for SATA by maintaining a stable trading range and keeping a strong balance sheet, which we believe will generate attractive long-term returns to our common equity stockholders vs our Bitcoin hurdle rate.”
______________________
(1) Non-GAAP adjusted net loss, non-GAAP adjusted net loss attributable to common stockholders, and non-GAAP adjusted net loss per diluted common share are non-GAAP measures. See page 4 for reconciliations of these non-GAAP financial measures to the most comparable GAAP financial measures.
STRIVE, INC.
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(in thousands, except share and per share data)
December 31,
2025 December 31,
2024 (Successor) (Predecessor) (unaudited) Assets: Current assets: Cash and cash equivalents$67,499 $6,155 Short-term investments — 16,755 Prepaid expenses 2,708 351 Other current assets 1,569 500 Total current assets 71,776 23,761 Digital assets, at fair value 668,486 — Property and equipment, net 778 951 Intangible assets, net 355 187 Right-of-use lease assets 4,037 1,786 Other non-current assets 95 1,512 Total assets$745,527 $28,197 Liabilities: Current liabilities: Compensation and benefits payable$164 $1,112 Accounts payable and other liabilities 8,560 2,227 Dividends payable 2,053 — Total current liabilities 10,777 3,339 Operating lease liabilities 3,512 1,516 Total liabilities 14,289 4,855 Mezzanine equity: Variable Rate Series A Preferred Stock, $0.001 par value; 20,000,000 and 0 shares authorized, 2,012,729 and 0 shares issued and outstanding, $201.3 million and $0 redemption value and liquidation preference at December 31, 2025 and December 31, 2024, respectively 148,802 — Total mezzanine equity 148,802 — Stockholders’ equity: Predecessor preferred stock, $0.00001 par value; 0 and 1,161,650 shares authorized, 0 and 1,158,802 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively — 72,488 Predecessor Class A common stock, $0.00001 par value; 0 and 2,000,000 shares authorized, 0 and 2,000,000 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively — — Predecessor Class B common stock, $0.00001 par value; 0 and 2,339,765 shares authorized, 0 and 400,970 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively — — Successor Class A common stock, $0.001 par value; 22,200,000,000 and 0 shares authorized, 34,936,745 and 0 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively1 699 — Successor Class B common stock, $0.001 par value; 1,050,000,000 and 0 shares authorized, 9,776,540 and 0 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively1 196 — Additional paid-in capital 1,055,595 — Accumulated deficit (474,054) (49,146)Total stockholders’ equity 582,436 23,342 Total liabilities, mezzanine equity, and stockholders' equity$745,527 $28,197 (1) All shares authorized and outstanding amounts for all periods presented reflect the Company's 1-for-20 reverse stock split on Class A and Class B common stock, which was effective after the close of trading on February 6, 2026.
STRIVE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
(unaudited)
Successor Predecessor Period from September 12, 2025 to December 31, 2025 Period from January 1, 2025 to September 11, 2025 Year Ended December 31, 2024Revenues: Investment advisory fees$1,495 $4,187 $3,592 Other revenue 17 35 58 Total revenues 1,512 4,222 3,650 Operating expenses: Fund management and administration 1,867 4,250 4,867 Employee compensation and benefits 27,639 7,222 9,135 General and administrative expense 3,681 4,229 11,248 Marketing and advertising 151 231 862 Depreciation and amortization 71 149 192 Total operating expenses 33,409 16,081 26,304 Investment gains/(losses): Net unrealized loss on digital assets, at fair value (194,508) — — Other derivative loss (14,731) — — Net investment gains/(losses) (209,239) — — Net operating loss (241,136) (11,859) (22,654) Other income/(expense): Other income 723 586 795 Transaction costs (12,400) (15,717) — Gain on lease remeasurement — — 279 Goodwill and intangible asset impairment (140,785) — — Total other income/(expense) (152,462) (15,131) 1,074 Net loss before income taxes (393,598) (26,990) (21,580)Income tax benefit/(expense) — — — Net loss$(393,598) $(26,990) $(21,580)Dividends on preferred stock (4,320) — — Net loss attributable to common stockholders$(397,918) $(26,990) $(21,580) Weighted average number of common shares outstanding: Basic (1) 43,997,862 2,299,243 2,213,424 Diluted (1) 43,997,862 2,299,243 2,213,424 Net loss per common share: Basic (1)$(9.04) $(11.74) $(9.75)Diluted (1)$(9.04) $(11.74) $(9.75) (1) All share and per-share amounts for all periods presented reflect the Company's 1-for-20 reverse stock split on Class A and Class B common stock, which was effective after the close of trading on February 6, 2026.
Non-GAAP Financial Measures
This press release contains certain non-GAAP financial measures, consisting of non-GAAP adjusted net income (loss), non-GAAP adjusted net income (loss) attributable to common stockholders and non-GAAP adjusted net income (loss) attributable to common stockholders per diluted common share. Non-GAAP financial measures are subject to material limitations as they are not measurements prepared in accordance with GAAP and are not a substitute for such measurements. Our non-GAAP financial measures are not meant to be considered in isolation and should be read only in conjunction with our consolidated financial statements, which have been prepared in accordance with GAAP. We rely primarily on such consolidated financial statements to understand, manage, and evaluate our business performance and use the non-GAAP financial measures as supplemental information. Reconciliations of reported GAAP historic measures to adjusted non-GAAP measures are included in the financial schedules contained in this press release.
Non-GAAP adjusted net income (loss)
Non-GAAP adjusted net income (loss), non-GAAP adjusted net income (loss) attributable to common stockholders, and the related non-GAAP adjusted net income (loss) per diluted common share excludes the impact of (i) share-based compensation expense, (ii) depreciation and amortization, (iii) other derivative loss, (iv) transaction costs, (v) gain on lease remeasurement, and (vi) goodwill and intangible asset impairments. We believe these measures offer management and investors insight as they exclude significant non-cash and/or non-recurring items. The following provides GAAP measures of net loss, net loss attributable to common stockholders, and net loss per diluted common share and the details with respect to reconciling the line items to non-GAAP adjusted net income (loss), non-GAAP adjusted net income (loss) attributable to common stockholders, and non-GAAP adjusted net income (loss) per diluted common share (all amounts in thousands, other than share and per share information):
Successor Predecessor Period from September 12, 2025 to December 31, 2025 Period from January 1, 2025 to September 11, 2025 Year Ended December 31, 2024Net loss$(393,598) $(26,990) $(21,580)Share-based compensation expense 21,710 — — Depreciation and amortization 71 149 192 Other derivative loss 14,731 — — Transaction costs 12,400 15,717 — Gain on lease remeasurement — — (279)Goodwill and intangible asset impairment 140,785 — — Non-GAAP adjusted net income (loss)$(203,901) $(11,124) $(21,667)Dividends on preferred stock (4,320) — — Non-GAAP adjusted net loss attributable to common stockholders$(208,221) $(11,124) $(21,667) Weighted average number of diluted common shares outstanding 43,997,862 2,299,243 2,213,424 Net loss per diluted common share$(9.04) $(11.74) $(9.75)Non-GAAP adjusted net loss per diluted common share$(4.73) $(4.84) $(9.79) Important Information About Other Metrics
Bitcoin Yield is a metric that represents the percentage change in bitcoin per share from the beginning of a period to the end of a period.
Bitcoin Gain is a metric that represents the number of bitcoin held by the Company at the beginning of a period multiplied by the Bitcoin Yield for such period.
Bitcoin $ Gain is a metric that represents the dollar value of the Bitcoin Gain calculated by multiplying the Bitcoin Gain by the market price of bitcoin. For determining Bitcoin $ Gain, unless otherwise specified, the Company uses the current market price of bitcoin. For determining Bitcoin $ Gain for a past fiscal year or other past period, the Company uses the market price of bitcoin as of 4:00pm ET as reported on the Coinbase exchange on the last day of the applicable period. The Company uses these market prices of bitcoin for this calculation solely for the purpose of facilitating this illustrative calculation.
The Company uses Bitcoin Yield, Bitcoin Gain and Bitcoin $ Gain as metrics to help assess the performance of its strategy of acquiring bitcoin in a manner the Company believes is accretive to stockholders. The Company believes these metrics can supplement investors’ understanding of how the Company chooses to fund bitcoin purchases and the value created in a period by:
in the case of Bitcoin Yield, measuring the percentage change in bitcoin per share from the beginning of a period to the end of a period, which helps investors assess how the Company’s achievement of its strategy of acquiring bitcoin in an accretive manner varies across periods;in the case of Bitcoin Gain, hypothetically expressing the percentage change reflected in the Bitcoin Yield metric as if it reflected an increase in the amount of bitcoin held at the end of the applicable period as compared to the beginning of such period, which provides investors with visibility into the absolute change in the Company’s bitcoin holdings resulting from its Bitcoin Yield; andin the case of Bitcoin $ Gain, further expressing that change as an illustrative dollar value by multiplying that bitcoin-denominated change by the market price of bitcoin at the end of the applicable period as described above. When the Company uses these metrics, management takes into account the various limitations of these metrics, including that they do not take into account that our assets, including our bitcoin, are subject to (i) all of our existing and future liabilities, including our debt, and (ii) the preferential rights of our preferred stockholders to dividends and our assets in a liquidation, and that all such claims rank senior to those of our common equity; and
Bitcoin Yield, Bitcoin Gain and Bitcoin $ Gain are not, and should not be understood as, financial performance, valuation or liquidity measures. Specifically:
Bitcoin Yield is not equivalent to “yield” in the traditional financial context. It is not a measure of the return on investment the Company’s stockholders may have achieved historically or can achieve in the future by purchasing stock of the Company, or a measure of income generated by the Company’s operations or its bitcoin holdings, return on investment on its bitcoin holdings, or any other similar financial measure of the performance of its business or assets.Bitcoin Gain and Bitcoin $ Gain are not equivalent to “gain” in the traditional financial context. They also are not measures of the return on investment the Company’s stockholders may have achieved historically or can achieve in the future by purchasing stock of the Company, or measures of income generated by the Company’s operations or its bitcoin holdings, return on investment on its bitcoin holdings, or any other similar financial measure of the performance of its business or assets. It should also be understood that Bitcoin $ Gain does not represent a fair value gain of the Company’s bitcoin holdings, and Bitcoin $ Gain may be positive during periods when the Company has incurred fair value losses on its bitcoin holdings. The trading price of the Company’s Class A common stock is informed by numerous factors in addition to Company’s bitcoin holdings and its actual or potential shares of Class A common stock outstanding, and as a result, the trading price of the Company’s securities can deviate significantly from the market value of the Company’s bitcoin, and none of Bitcoin Yield, Bitcoin Gain or Bitcoin $ Gain are indicative or predictive of the trading price of the Company’s securities.
Investors should rely on the financial statements and other disclosures contained in the Company’s SEC filings. In particular, the Company has adopted Accounting Standards Update No. 2023-08, Intangibles-Goodwill and Other-Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets (“ASU 2023-08”), which requires that the Company measure its bitcoin at fair value in its statement of financial position as of the end of a reported period, and recognize gains losses from changes in the fair value in net income (loss) for the reported period. As a result, we may incur unrealized gain or loss on digital assets based on changes in the market price of bitcoin during a period, which would not be reflected in Bitcoin Yield, Bitcoin Gain or Bitcoin $ Gain.
As noted above, these metrics are narrow in their purpose and are used by management to assist it in assessing whether the Company is raising and deploying capital in a manner accretive to stockholders solely as it pertains to its bitcoin holdings.
In calculating these metrics, the Company does not consider the source of capital used for the acquisition of its bitcoin. When the Company purchases bitcoin using proceeds from offerings of redeemable preferred stock, such transactions have the effect of increasing the Bitcoin Yield, Bitcoin Gain and Bitcoin $ Gain, while also increasing the Company’s senior claims of holders of instruments other than Class A common stock with respect to dividends and to the Company’s assets, including its bitcoin, in a manner that is not reflected in these metrics.
If any of the Company’s convertible notes mature or are redeemed without being converted into common stock, or if the Company elects to redeem or repurchase its non-convertible instruments, the Company may be required to sell shares of its Class A common stock or bitcoin to generate sufficient cash proceeds to satisfy those obligations, either of which would have the effect of decreasing Bitcoin Yield, Bitcoin Gain and Bitcoin $ Gain, and adjustments for such decreases are not contemplated by the assumptions made in calculating these metrics. Accordingly, these metrics might overstate or understate the accretive nature of the Company’s use of capital to buy bitcoin because not all bitcoin is purchased using proceeds of issuances of Class A common stock, and not all proceeds from issuances of Class A common stock are used to purchase bitcoin.
In addition, we are required to pay dividends with respect to our perpetual preferred stock in perpetuity. The Company has historically not paid any dividends on its shares of Class A common stock, and by presenting these metrics the Company makes no suggestion that it intends to do so in the future. Ownership of the Company’s securities, including its Class A common stock and preferred stock, does not represent an ownership interest in, or a redemption right with respect to, the bitcoin the Company holds.
The Company’s ability to achieve positive Bitcoin Yield, Bitcoin Gain, or Bitcoin $ Gain may depend on a variety of factors, including factors outside of its control, such as the price of bitcoin, and the availability of debt and equity financing on favorable terms. Past performance is not indicative of future results.
These metrics are merely supplements, not substitutes to the financial statements and other disclosures contained in the Company’s SEC filings. They should be used only by sophisticated investors who understand their limited purpose and many limitations.
About Strive
Strive, Inc. is a bitcoin treasury company. With Bitcoin as its hurdle rate, the Company is focused on (i) maximizing value for stockholders; (ii) accumulating bitcoin; and (iii) outperforming bitcoin over the long run.
Strive's wholly owned subsidiary, Strive Asset Management, is a SEC-registered investment adviser. The Company also owns and operates True North, a Bitcoin-focused media platform.
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Examples of forward-looking statements include, but are not limited to, express or implied statements regarding the outlook and expectations of Strive, the strategic benefits and financial benefits of the merger transaction with Semler Scientific, Inc. (the "merger transaction"), including the expected impact of the merger transaction on the combined company’s future financial performance and the ability to successfully integrate the combined businesses, and the Company’s intentions with respect to adjusting the SATA Stock monthly regular dividend rate per annum. Such statements are often characterized by the use of qualified words (and their derivatives) such as “may,” “will,” “anticipate,” “could,” “should,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “project,” “predict,” “potential,” “assume,” “forecast,” “target,” “budget,” “outlook,” “trend,” “guidance,” “objective,” “goal,” “strategy,” “opportunity,” and “intend,” as well as words of similar meaning or other statements concerning opinions or judgment of Strive or its respective management team about future events. Forward-looking statements are based on assumptions as of the time they are made and are subject to risks, uncertainties and other factors that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results expressed or implied by such forward-looking statements as a result of various important factors. Other risks, uncertainties and assumptions, including, among others, the following:
the outcome of any legal proceedings that may be instituted against Strive or its subsidiaries;the possibility that the anticipated benefits of the merger transaction are not realized when expected or at all, including as a result of changes in, or problems arising from, implementation of Bitcoin treasury strategies and risks associated with Bitcoin and other digital assets, general economic and market conditions, interest and exchange rates, monetary policy, and laws and regulations and their enforcement;the diversion of management’s attention from ongoing business operations and opportunities;dilution caused by Strive’s issuance of additional shares of its Class A common stock or SATA Stock;potential adverse reactions of Strive’s clients and customers or changes to business or employee relationships, including those resulting from the completion of the merger transaction; andother factors that may affect future results of Strive. These factors are not necessarily all of the factors that could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other factors, including unknown or unpredictable factors, also could harm the Company’s results.
Although Strive believes that its expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results of Strive will not differ materially from any projected future results expressed or implied by such forward-looking statements. Additional factors that could cause results to differ materially from those described above can be found in Strive’s Annual Report on Form 10-K and other documents subsequently filed by Strive with the SEC.
The actual results anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on Strive or its businesses or operations. Investors are cautioned not to rely too heavily on any such forward-looking statements. Forward-looking statements contained in this press release speak only as of the date hereof, and Strive undertakes no obligation to update or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
Strive (NASDAQ:ASST) stock got a notable vote of confidence on Friday when TD Cowen initiated coverage with a Buy rating and a $26 price target. The call spotlights one of the more unconventional stories in asset management: a Bitcoin treasury company with an explicit anti-ESG identity, now publicly traded and making a case for shareholder primacy in an industry long dominated by ESG mandates.
Currently close to $10, Strive shares were trading near $9.64 heading into Friday’s session, meaning TD Cowen’s target represents a substantial gap between where the stock sits today and where the firm believes it can go.
Ticker Company Firm Action Old Rating New Rating Old Target New Target ASST Strive TD Cowen Initiation N/A Buy N/A $26 The Analyst’s Case TD Cowen’s initiation frames Strive as a differentiated player in asset management, one that explicitly rejects ESG-driven investing in favor of shareholder primacy. Co-founded by Vivek Ramaswamy, Strive has built its identity around the idea that corporations should focus on returns for shareholders rather than social or environmental agendas. That positioning has attracted a distinct investor base and sets Strive apart from legacy managers like BlackRock and Vanguard.
The firm’s Bitcoin (CRYPTO:BTC) treasury strategy adds another layer of differentiation. Strive describes itself as the first publicly traded Bitcoin treasury asset management firm, using Bitcoin as its hurdle rate for measuring shareholder value creation.
Company Snapshot Strive completed a reverse acquisition of Asset Entities Inc. on September 12, 2025, landing on the NASDAQ under the ticker ASST. Since then, it has moved aggressively to accumulate Bitcoin, holding 13,628 BTC as of March 17, funded in part by $762.6 million raised through PIPE financing and warrant exercises.
The company also completed an all-stock acquisition of Semler Scientific, adding approximately 5,048 BTC to its holdings. Its capital markets product, SATA Stock, is a Variable Rate Series A Perpetual Preferred Stock targeting double-digit yield. Strive CEO Matthew Cole has stated, “We see a multi-trillion dollar opportunity for digital credit to scale in the years to come.”
Why the Move Matters Now TD Cowen’s initiation arrives as Strive is still in early innings as a public company. Management’s 2026 guidance targets the asset management business approaching breakeven, ranging from $0.01 net loss to $0.01 net income per diluted share. Meanwhile, the stock’s 52-week range spans $7.02 to $268.40, reflecting the volatility that comes with a Bitcoin-heavy balance sheet and a beta of 17.4.
What It Means for Your Portfolio For retirement-focused investors, Strive stock is a high-conviction, high-volatility proposition. The anti-ESG angle and Bitcoin treasury model are genuinely novel, and TD Cowen’s $26 target signals real institutional interest in the thesis. That said, the stock’s extreme beta and GAAP net loss of $393.6 million in Q4 2025 driven largely by Bitcoin fair value swings demand careful position sizing.
If you believe Bitcoin accumulation and shareholder-primacy asset management represent durable competitive advantages, TD Cowen’s initiation warrants a closer look. If volatility keeps you up at night, Strive’s risk profile may not fit a conservative retirement allocation.
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Bitcoin (CRYPTO:BTC) climbed to $73,000 in Friday morning trading, and TD Cowen moved fast. The firm issued three new Buy initiations in a single morning, all targeting companies building crypto treasury strategies around Bitcoin and Ethereum (CRYPTO:ETH). It’s a coordinated, high-conviction bet on where digital assets are heading by year-end.
TD Cowen’s underlying thesis rests on a year-end Bitcoin price target of $140,000 and a year-end Ethereum target of $3,650. Those are aggressive calls from current levels, but the firm is backing them with fresh analyst coverage across the sector. The initiations sent several small-cap crypto treasury names sharply higher this morning.
Bitcoin is up 3% in the last 24 hours, and Ethereum is near $2,250, up 3.5% in the last 24 hours. TD Cowen’s thesis spans four names across the crypto treasury space.
Strive Leads the Move Strive, Inc. (NASDAQ:ASST) stock is the biggest mover, up 8% today to $10 after TD Cowen initiated coverage with a Buy rating and a price target of $26, representing 165% upside from Thursday’s close of $9.81. That’s a bold call on a stock that’s down 35% year-to-date.
Strive is the anti-ESG asset management firm co-founded by entrepreneur and politician Vivek Ramaswamy, now operating as a Bitcoin treasury company. The firm has accumulated 13,628 BTC as of March 17, 2026, and reported a Bitcoin Yield of 22% in Q4 2025 with a Bitcoin Dollar Gain of $114.3 million. CEO Matthew Cole has called digital credit a “multi-trillion dollar opportunity.”
Strive’s capital structure is built around its SATA preferred stock, which raised $148.4 million via IPO in November 2025. Ramaswamy’s political profile adds a distinct brand angle to what is otherwise a straightforward Bitcoin accumulation play.
SharpLink Rides the Ethereum Treasury Thesis SharpLink Gaming (NASDAQ:SBET) stock is up 2% today to $6.55, lifted by TD Cowen’s Buy initiation with a price target of $16, representing 147% upside from Thursday’s close of $6.49. SharpLink is the only Ethereum-focused name in the group, making it differentiated in a sector dominated by Bitcoin treasury strategies.
The firm’s TD Cowen thesis centers on Ethereum accumulation. The analyst projects $93 million in Ethereum dollar gains for SharpLink in fiscal year 2026. SharpLink held 864,597 ETH as of December 31, 2025, making it the world’s second-largest publicly traded Ethereum holder. Staking revenue came in at $15.3 million in Q4 2025, up 49% from Q3’s $10.3 million. SharpLink stock is down 28% year-to-date.
Nakamoto: High Upside, Real Risk Nakamoto (NASDAQ:NAKA) stock is up 3% today to $0.22 after TD Cowen initiated with a Buy rating and a price target of $1, representing 376% upside from Thursday’s close of $0.21. That target comes with an important asterisk.
Nakamoto has been trading below Nasdaq’s minimum qualifying threshold since late October 2025 and faces potential delisting risk. The company announced Thursday that it is seeking a reverse stock split of 1-for-20 to 1-for-50 share consolidation to address Nasdaq compliance. TD Cowen’s $1 price target implicitly assumes the reverse stock split proceeds. Nakamoto is down 40% year-to-date.
The company holds 5,342 Bitcoin as of December 31, 2025 and owns Bitcoin Magazine and The Bitcoin Conference through its BTC Inc acquisition, completed in February 2026. CEO David Bailey has positioned Nakamoto as a fully integrated Bitcoin operating business, though integration risks and the compliance situation make this the most speculative name of the three initiations.
Strategy: Recalibration, Not Retreat Strategy (NASDAQ:MSTR | MSTR Price Prediction) stock is up 2% today to $131 even as TD Cowen trimmed its price target. The firm reiterated its Buy rating but cut the price target to $350 from $440, citing revised Bitcoin price assumptions, including an estimated Bitcoin gain of $142,000 for 2026. This is a recalibration, not a loss of conviction. TD Cowen still sees meaningful upside from current levels.
Strategy, led by Michael Saylor, holds 713,502 BTC as of February 1, 2026, making it the largest corporate Bitcoin holder by a wide margin. The stock is down 15% year-to-date, but today’s modest gain alongside the broader sector rally suggests the market is treating the target cut as a minor footnote relative to Bitcoin’s recovery.
The prediction market on Bitcoin reaching $140,000 by year-end carries only an 11% implied probability on Polymarket, which puts TD Cowen squarely in the optimist camp. Watch for whether Bitcoin can sustain its push above $73,000 into the weekend close, as that momentum will likely determine whether today’s gains hold across the crypto treasury space.
Shares of Strive, Inc. (NASDAQ:ASST – Get Free Report) have been given an average rating of “Moderate Buy” by the five analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $19.3333.
Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Strive from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. TD Cowen assumed coverage on Strive in a research note on Friday. They set a “buy” rating and a $26.00 price target on the stock. Zacks Research raised Strive to a “hold” rating in a research note on Wednesday, March 11th. Maxim Group cut their price target on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Finally, B. Riley Financial assumed coverage on Strive in a research note on Tuesday, March 10th. They set a “buy” rating and a $12.00 price target on the stock.
Check Out Our Latest Analysis on ASST
Trending Headlines about Strive Here are the key news stories impacting Strive this week:
Positive Sentiment: TD Cowen initiated coverage with a Buy and $26 price target (roughly 145% upside versus the recent share price), giving ASST a clear analyst catalyst that can attract institutional and retail flows. Read More. Positive Sentiment: Media coverage and writeups picked up quickly after the initiation, noting renewed investor interest and helping boost visibility and volume for the stock. Read More. Neutral Sentiment: Reported short‑interest data is anomalous (shows 0 shares and NaN change), implying no clear short‑squeeze pressure from the published figures; treat that data point cautiously as a likely reporting artifact rather than a market driver. Strive Price Performance Shares of ASST opened at $10.63 on Friday. Strive has a 12-month low of $7.02 and a 12-month high of $268.40. The firm has a market capitalization of $735.16 million, a PE ratio of -1.77 and a beta of 15.29. The stock’s fifty day simple moving average is $9.55 and its 200-day simple moving average is $18.65.
Strive (NASDAQ:ASST – Get Free Report) last issued its quarterly earnings results on Saturday, January 31st. The company reported ($4.73) earnings per share (EPS) for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%.
Insider Buying and Selling at Strive In related news, CEO Matthew Ryan Cole bought 25,000 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were purchased at an average price of $18.40 per share, with a total value of $460,000.00. Following the completion of the purchase, the chief executive officer owned 38,150 shares of the company’s stock, valued at $701,960. This represents a 190.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Benjamin Pham bought 7,900 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was bought at an average cost of $8.23 per share, for a total transaction of $65,017.00. Following the purchase, the chief financial officer directly owned 7,900 shares of the company’s stock, valued at approximately $65,017. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 39,114 shares of company stock worth $575,102 in the last ninety days. 2.71% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Strive Several hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP acquired a new stake in shares of Strive during the second quarter worth about $40,000. Two Sigma Investments LP acquired a new stake in shares of Strive during the third quarter worth about $27,000. Tower Research Capital LLC TRC raised its position in shares of Strive by 180.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after purchasing an additional 7,057 shares during the period. Osaic Holdings Inc. acquired a new stake in shares of Strive during the second quarter worth about $41,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Strive during the third quarter worth about $28,000. Institutional investors and hedge funds own 5.52% of the company’s stock.
About Strive (Get Free Report)
Asset Entities, Inc (NASDAQ: ASST) is a specialty finance company that acquires, originates and services asset-backed loans and receivables across a range of industry sectors. The firm focuses on structuring and managing credit portfolios in equipment finance, commercial receivables and other asset-backed classes, employing securitization vehicles and bespoke financing solutions to deliver liquidity to underserved small- and mid-market borrowers.
Through its platform, Asset Entities leverages data-driven underwriting, risk management and portfolio optimization to create diversified exposure across end markets.
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Gibbs Wealth Management bought a new stake in shares of Strive, Inc. (NASDAQ:ASST – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 80,000 shares of the company’s stock, valued at approximately $59,000.
Several other large investors also recently added to or reduced their stakes in ASST. Geode Capital Management LLC grew its position in Strive by 362.6% during the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock valued at $561,000 after buying an additional 117,249 shares during the period. Creative Planning bought a new stake in Strive during the second quarter valued at approximately $79,000. XTX Topco Ltd bought a new stake in Strive during the second quarter valued at approximately $126,000. Engineers Gate Manager LP bought a new stake in Strive during the second quarter valued at approximately $40,000. Finally, Tower Research Capital LLC TRC grew its position in Strive by 180.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after buying an additional 7,057 shares during the period. 5.52% of the stock is currently owned by institutional investors.
Strive Price Performance ASST opened at $10.63 on Monday. The firm has a market cap of $735.16 million, a P/E ratio of -1.77 and a beta of 15.29. Strive, Inc. has a 1-year low of $7.02 and a 1-year high of $268.40. The company has a 50 day simple moving average of $9.55 and a two-hundred day simple moving average of $18.65.
Strive (NASDAQ:ASST – Get Free Report) last posted its quarterly earnings results on Saturday, January 31st. The company reported ($4.73) earnings per share for the quarter. Strive had a negative return on equity of 122.88% and a negative net margin of 7,335.00%.
Trending Headlines about Strive Here are the key news stories impacting Strive this week:
Positive Sentiment: TD Cowen initiated coverage with a Buy and $26 price target (roughly 145% upside versus the recent share price), giving ASST a clear analyst catalyst that can attract institutional and retail flows. Read More. Positive Sentiment: Media coverage and writeups picked up quickly after the initiation, noting renewed investor interest and helping boost visibility and volume for the stock. Read More. Neutral Sentiment: Reported short‑interest data is anomalous (shows 0 shares and NaN change), implying no clear short‑squeeze pressure from the published figures; treat that data point cautiously as a likely reporting artifact rather than a market driver. Insider Buying and Selling In other news, CEO Matthew Ryan Cole purchased 25,000 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was acquired at an average cost of $18.40 per share, for a total transaction of $460,000.00. Following the completion of the transaction, the chief executive officer directly owned 38,150 shares in the company, valued at $701,960. This trade represents a 190.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Benjamin Pham purchased 7,900 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average price of $8.23 per share, with a total value of $65,017.00. Following the completion of the transaction, the chief financial officer owned 7,900 shares of the company’s stock, valued at approximately $65,017. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 39,114 shares of company stock valued at $575,102. Company insiders own 2.71% of the company’s stock.
Analyst Ratings Changes Several analysts recently issued reports on ASST shares. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Maxim Group cut their target price on shares of Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Zacks Research upgraded shares of Strive to a “hold” rating in a research report on Wednesday, March 11th. TD Cowen assumed coverage on shares of Strive in a research report on Friday. They issued a “buy” rating and a $26.00 price target for the company. Finally, Wall Street Zen lowered shares of Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Strive presently has an average rating of “Moderate Buy” and a consensus target price of $19.33.
Check Out Our Latest Stock Analysis on ASST
Strive Company Profile (Free Report)
Asset Entities, Inc (NASDAQ: ASST) is a specialty finance company that acquires, originates and services asset-backed loans and receivables across a range of industry sectors. The firm focuses on structuring and managing credit portfolios in equipment finance, commercial receivables and other asset-backed classes, employing securitization vehicles and bespoke financing solutions to deliver liquidity to underserved small- and mid-market borrowers.
Through its platform, Asset Entities leverages data-driven underwriting, risk management and portfolio optimization to create diversified exposure across end markets.
See Also Five stocks we like better than Strive Want to see what other hedge funds are holding ASST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Strive, Inc. (NASDAQ:ASST – Free Report).
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