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-  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) (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.

SOURCE Bitmine Immersion Technologies, Inc.

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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.

-  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) (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) (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.

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.

SOURCE Bitmine Immersion Technologies, Inc.

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.

SOURCE Eightco Holdings (NASDAQ: ORBS)

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

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.

Learn more at strive.com.

Cautionary Statement Regarding Forward-Looking Statements

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 Media Contact:
[email protected]

Investor Contact:
[email protected]

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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.

Posted by Defense World Staff on Apr 13th, 2026

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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Posted by Defense World Staff on Apr 19th, 2026

Strive, Inc. (NASDAQ:ASST – Get Free Report)’s stock price shot up 9.1% during mid-day trading on Friday . The company traded as high as $15.28 and last traded at $15.2540. 1,074,474 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 4,463,449 shares. The stock had previously closed at $13.98.

Analysts Set New Price Targets A number of brokerages recently issued reports on ASST. Maxim Group decreased their price objective on shares of Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. Wall Street Zen cut shares of Strive from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. TD Cowen began coverage on shares of Strive in a research note on Friday, April 10th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, B. Riley Financial began coverage on shares of Strive in a research note on Tuesday, March 10th. They issued a “buy” rating and a $12.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

Read Our Latest Research Report on ASST

Strive Stock Up 11.7% The business’s 50 day simple moving average is $9.66 and its two-hundred day simple moving average is $17.59. The stock has a market cap of $1.08 billion, a P/E ratio of -2.60 and a beta of 15.29.

Strive (NASDAQ:ASST – Get Free Report) last posted its 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%.

Insider Activity at Strive In other Strive news, CFO Benjamin Pham purchased 7,900 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were bought at an average price of $8.23 per share, for a total transaction of $65,017.00. Following the completion of the acquisition, the chief financial officer owned 7,900 shares in the company, valued at approximately $65,017. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.71% of the company’s stock.

Hedge Funds Weigh In On Strive A number of hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings 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. Engineers Gate Manager LP acquired a new position in shares of Strive during the second quarter worth $40,000. Two Sigma Investments LP acquired a new position in shares of Strive during the third quarter worth $27,000. Osaic Holdings Inc. acquired a new position in shares of Strive during the second quarter worth $41,000. Finally, Verition Fund Management LLC acquired a new position in shares of Strive during the third quarter worth $28,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

Strive Company Profile (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.

Further Reading Five stocks we like better than Strive Receive News & Ratings for Strive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strive and related companies with MarketBeat.com's FREE daily email newsletter.

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What happenedAccording to an SEC filing published April 23, 2026, Interchange Capital Partners, LLC initiated a new position in Strive Asset Management (ASST 0.28%)by acquiring 880,571 shares. The quarter-end value of the position increased by $8.82 million, reflecting both the acquisition and stock price changes.

What else to knowThis is a new position for Interchange Capital Partners, LLC and now constitutes 2.79% of its reportable U.S. equity AUM as of March 31, 2026.

Top holdings after the filing:

NASDAQ: AAPL: approximately $17.20 million (approximately 5.4% of AUM)NYSEMKT: IQLT: approximately $11.83 million (approximately 3.7% of AUM)NYSEMKT: JMST: approximately $11.14 million (approximately 3.5% of AUM)NASDAQ: MSFT: approximately $9.27 million (approximately 2.9% of AUM)NYSEMKT: VTV: approximately $8.27 million (approximately 2.6% of AUM)As of April 23, 2026, shares of Strive Asset Management were priced at $16.20, up approximately 45.95% over the past year and outperforming the S&P 500 by approximately 13.72 percentage points.

Company overviewMetricValuePrice (as of market close April 23, 2026)$16.20Market capitalization$1.101 billionRevenue (TTM)$5.73 millionNet income (TTM)$-412.25 millionCompany snapshotStrive Asset Management is an asset management firm specializing in Bitcoin-focused treasury operations, with a market capitalization of $1.34 billion and a share price of $16.20 as of April 23, 2026. The company benchmarks its performance on increasing Bitcoin per share, differentiating itself through a unique capital allocation model in the asset management sector.

The company generates revenue by managing assets and prioritizes the increase of Bitcoin per share as its core performance benchmark. Its client base includes institutional and individual investors seeking exposure to innovative digital asset strategies within a traditional asset management framework.

What this transaction means for investorsStrive differs from traditional asset managers, as it is evaluated by more than fee growth and assets under management. The company integrates asset management with a Bitcoin-focused capital allocation strategy, using Bitcoin per share as a key benchmark for capital deployment.

As a result, the stock is highly sensitive to both Bitcoin prices and management’s financing decisions. While the asset management business remains important, investors will likely focus on whether Strive can increase Bitcoin exposure per share without excessive dilution or balance-sheet risk. Capital structure is therefore a central part of the investment case.

For investors, Strive occupies a position between a financial services company and a Bitcoin-linked equity. Its performance may reflect crypto sentiment, but the key question is whether its capital allocation strategy creates value beyond holding Bitcoin. That makes it a different kind of public-market exposure than either a conventional asset manager or a spot Bitcoin fund.

Eric Trie has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Microsoft, Strive Asset Management, Llc, and Vanguard Value ETF. The Motley Fool has a disclosure policy.

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Wall Street’s math on Srive (NASDAQ:ASST) looks brutal on paper. The company posted $5.7 million in revenue against a net loss of $424.9 million over the past 12 months, with operating margins running at negative. And yet, despite a Q4 print that missed consensus massively, the stock carries a Strong Buy rating.

The bullish call rests on 4 Buys, zero Holds, and zero Sells, an analyst target of $23.5 against a recent price near $15. The rating is less crazy than it sounds, though it might still be exactly that crazy.

The Anti-BlackRock Pivot The ticker ASST used to belong to a tiny social media marketing outfit running Discord servers and TikTok promotions. Last September it reverse merged into Strive Enterprises, the asset manager founded by Vivek Ramaswamy to push “excellence capitalism” over ESG. Strive sells itself as the anti-BlackRock. The pitch is that fund managers should vote shares to maximize returns rather than advance political agendas.

That is the public face. The actual business is something else. Strive runs roughly $2 billion in asset management AUM while operating, in practice, as a Bitcoin treasury company in the MicroStrategy (NASDAQ:MSTR | MSTR Price Prediction) mold. As of November 7, 2025, Strive held 7,525 BTC. After absorbing Semler Scientific (NASDAQ:SMLR) that quarter, the combined entity sat on over 10,900 BTC. The asset manager is the storefront. Bitcoin accumulation is the product.

How the Strong Buy Math Works Analysts rating ASST are pricing Bitcoin per share and the financing machine that keeps the stack growing. In Q3 2025 Strive raised $762.6 million through PIPE financing and warrant exercises and put most of it into Bitcoin at a cost of $683 million. The SATA perpetual preferred stock, paying a 12% dividend, raised another $257.6 million across two tranches.

The thesis is that as long as the equity trades above net asset value, Strive can keep issuing shares and preferred stock, buying more Bitcoin per dollar of dilution, and growing what management calls Bitcoin yield. Q4 2025 yield came in at 22%. The huge GAAP losses are mostly accounting noise. 93% of Q4 non-GAAP losses came from a $194.5 million mark-to-market write-down on Bitcoin holdings. Management’s 2026 guidance for the asset management business runs from a single-digit million-dollar loss to a single-digit million-dollar income, which is to say roughly breakeven on the boring part.

Why The Stock Looks Like It Does Bitcoin trades near $77,900, down about 10% year to date and 16% over twelve months. ASST shares are up 35% over the past year and 46% in the last month alone. Beta sits at 17.4, which is not a typo. This is a leveraged bet on a single asset wearing an asset manager’s clothing.

Reddit, predictably, loves it. Sentiment scores on r/wallstreetbets ran in the 76-84 range over the most recent weekend, sitting in the very bullish category. Ken Griffin’s Citadel showed up in 13G filings as a passive 8% beneficial owner, which retail traders read as institutional validation, even though Citadel discloses similar stakes across hundreds of names.

The Tradeoffs You Are Actually Buying Three things matter if you are considering ASST. First, dilution. Operating cash flow is obviously negative. The strategy requires the equity to keep trading above NAV so the share issuance machine works. If the premium collapses, the model collapses with it.

Second, this is a Bitcoin proxy with extra steps. You could buy a spot Bitcoin ETF and skip the operating losses, the SATA preferred dividend obligations, and the integration risk from Semler Scientific. The reason to own ASST instead is a belief that Strive can compound Bitcoin per share faster than Bitcoin itself, the same wager MicroStrategy holders have made for years.

Third, the price-to-sales ratio of 192 is a number that exists because the denominator is essentially zero. Traditional valuation frameworks have nothing to say here. You are pricing optionality on Bitcoin and on Ramaswamy’s brand. Those things do not trade on a P/E.

ASST fits a narrow slot for investors who want amplified Bitcoin exposure with a thematic anti-ESG flavor and accept the dilution treadmill that comes with it. The Strong Buy rating describes a thesis about Bitcoin accumulation. Anyone reading it as an endorsement of fundamentals has misunderstood the trade.

Shares of Strive, Inc. (ASST - Free Report) have gained 1.1% over the past four weeks to close the last trading session at $15.79, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $23.33 indicates a potential upside of 47.8%.

The average comprises three short-term price targets ranging from a low of $20.00 to a high of $30.00, with a standard deviation of $5.77. While the lowest estimate indicates an increase of 26.7% from the current price level, the most optimistic estimate points to a 90% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

But, for ASST, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why ASST Could Witness a Solid UpsideAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The Zacks Consensus Estimate for the current year has increased 61.9% over the past month, as one estimate has gone higher compared to no negative revision.

Moreover, ASST currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much ASST could gain, the direction of price movement it implies does appear to be a good guide.

SATA offers a 13% annual dividend and trades below par, presenting an attractive yield opportunity. SATA benefits from strong asset coverage—about 1.9x—backed primarily by Strive's significant Bitcoin holdings and cash reserves, with no debt senior to SATA. The daily dividend payment structure enhances cash flow and security for investors, while cumulative and penalty-compounding features provide robust dividend protections.

Sao Paulo, Brazil--(Newsfile Corp. - April 6, 2026) - Ambev S.A. (B3: ABEV3) (NYSE: ABEV) announces that the Company's annual report on Form 20-F for the year ended December 31, 2025 was filed with the U.S. Securities and Exchange Commission - SEC (www.sec.gov) on March 03, 2026 and is available on the Company's website (ri.ambev.com.br) and also on the Company's page on SEC's database (www.sec.gov/edgar/). ADR holders may receive a hard copy of the Company's complete audited financial statements contained in the Form 20-F free of charge, upon request.

To access the full document, please access the following link: click here.

Ambev S.A.
Investor Relations Department
Contact e-mail: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291345

Source: AMBEV S.A.

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Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Ambev (ABEV - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.

Ambev is one of 173 companies in the Consumer Staples group. The Consumer Staples group currently sits at #16 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Ambev is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for ABEV's full-year earnings has moved 5.6% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that ABEV has returned about 27.1% since the start of the calendar year. Meanwhile, the Consumer Staples sector has returned an average of 3.6% on a year-to-date basis. This means that Ambev is outperforming the sector as a whole this year.

Another stock in the Consumer Staples sector, Darling Ingredients (DAR - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 65.6%.

Over the past three months, Darling Ingredients' consensus EPS estimate for the current year has increased 14.2%. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Ambev belongs to the Beverages - Alcohol industry, which includes 14 individual stocks and currently sits at #194 in the Zacks Industry Rank. On average, this group has gained an average of 13.4% so far this year, meaning that ABEV is performing better in terms of year-to-date returns.

Darling Ingredients, however, belongs to the Food - Miscellaneous industry. Currently, this 41-stock industry is ranked #201. The industry has moved -3.6% so far this year.

Going forward, investors interested in Consumer Staples stocks should continue to pay close attention to Ambev and Darling Ingredients as they could maintain their solid performance.

Investors looking for stocks in the Beverages - Alcohol sector might want to consider either Ambev (ABEV - Free Report) or Boston Beer (SAM - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

Ambev has a Zacks Rank of #2 (Buy), while Boston Beer has a Zacks Rank of #4 (Sell) right now. Investors should feel comfortable knowing that ABEV likely has seen a stronger improvement to its earnings outlook than SAM has recently. But this is only part of the picture for value investors.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.

ABEV currently has a forward P/E ratio of 16.05, while SAM has a forward P/E of 24.25. We also note that ABEV has a PEG ratio of 2.19. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. SAM currently has a PEG ratio of 2.68.

Another notable valuation metric for ABEV is its P/B ratio of 3.02. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, SAM has a P/B of 3.03.

These are just a few of the metrics contributing to ABEV's Value grade of B and SAM's Value grade of C.

ABEV has seen stronger estimate revision activity and sports more attractive valuation metrics than SAM, so it seems like value investors will conclude that ABEV is the superior option right now.

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Airlines

The Jet Fuel Crisis Is Here—and There Is No Easy Fix

Jet fuel prices have jumped far more than crude oil since fighting in Iran began, pressuring airlines like Delta Air Lines and forcing capacity cuts. (Riccardo Milani / Hans Lucas / AFP via Getty Images)

Jet fuel is becoming a problem. Right now, there is no good solution for the industry or for travelers looking for a flight deal.

Ambev S.A. (ABEV) Q1 2026 Earnings Call Transcript

Ambev is rated a 'Hold' due to valuation concerns and parent company risks, despite recent share price outperformance. ABEV trades near 19x P/E, reflecting optimism on premiumization and market dominance, but lacks volume growth and faces margin pressure. Parent AB InBev's control introduces risks of cash extraction, fee hikes, and limited autonomy, especially given AB InBev's high debt load.

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Ambev (ABEV +2.41%), a Latin American beverage producer, edged up 0.30% on Friday to finish at $3.29, extending the week’s gains. It reported better-than-expected earnings early in the week, and investors are watching how beer demand and an expanded product range can shape its earnings power.

Trading volume reached 72.4 million shares, coming in 193% above its three-month average of 24.7 million shares. Ambev IPO'd in 1997 and has grown 631% since going public.

How the markets moved todayThe S&P 500 (^GSPC +0.79%) advanced 0.76% to finish Friday at 7,393, while the Nasdaq Composite (^IXIC +1.07%) gained 1.71% to close at 26,247. Among beverage and beer industry peers, Anheuser-Busch InBev (BUD +1.81%) closed up 1.03% at $79.89, while Diageo (DEO +2.26%) gained 1.04% to end at $84.30 as investors assessed recent volume trends.

What this means for investorsAmbev soared by more than 13% this week after strong quarterly results on Tuesday beat expectations. Growth in beer revenues from Central America and the Caribbean offset weaker figures from Brazil and South America. Its no-alcohol beers are also gaining traction in Brazil, which could help it meet changing consumer habits.

The upcoming World Cup will drive further demand and give Ambev an opportunity to build on its Q1 momentum. Following the results, Barclays reiterated its “Hold” rating on the stock, but increased its price target from $2.50 to $3.50.

Emma Newbery has no position in any of the stocks mentioned. The Motley Fool recommends Barclays Plc and Diageo Plc. The Motley Fool has a disclosure policy.

The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Ambev (ABEV - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.

Ambev is one of 171 companies in the Consumer Staples group. The Consumer Staples group currently sits at #15 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Ambev is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for ABEV's full-year earnings has moved 11.7% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, ABEV has returned 27.5% so far this year. Meanwhile, the Consumer Staples sector has returned an average of 7.8% on a year-to-date basis. As we can see, Ambev is performing better than its sector in the calendar year.

Another Consumer Staples stock, which has outperformed the sector so far this year, is Chefs' Warehouse (CHEF - Free Report) . The stock has returned 23.7% year-to-date.

For Chefs' Warehouse, the consensus EPS estimate for the current year has increased 9.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Breaking things down more, Ambev is a member of the Beverages - Alcohol industry, which includes 14 individual companies and currently sits at #159 in the Zacks Industry Rank. Stocks in this group have gained about 16.2% so far this year, so ABEV is performing better this group in terms of year-to-date returns.

In contrast, Chefs' Warehouse falls under the Food - Miscellaneous industry. Currently, this industry has 40 stocks and is ranked #205. Since the beginning of the year, the industry has moved -6.3%.

Investors interested in the Consumer Staples sector may want to keep a close eye on Ambev and Chefs' Warehouse as they attempt to continue their solid performance.