ETH is back above $2,500 and BMNR is up 3.6% today. And even after that move, BMNR still hasn’t reached NAV. ETH: $2,506.30 BMNR: $24.76 NAV/share: $25.96 mNAV: 95.4% That still leaves BMNR trading at roughly a 4.6% discount to NAV. How long does that discount last if ETH keeps moving higher? $BMNR $ETH

Defiance just announced a distribution for its BMNR Option Income ETF: $YBMN Defiance BMNR Option Income ETF: $0.1314 Payable August 13, 2026 Disclosure: Defiance is a WOLF Financial Partner. This post is for informational purposes only, not investment advice. Always read a fund's prospectus.

from here, BMNR can lag ETH if BitMine funded its latest 32,447 ETH addition with enough common shares to cut ETH per share. the addition grew BitMine's stack 0.558% and equaled 5.9 basis points of seven-day gross ETH volume, so the buy does not explain ETH's 31.37% weekly rally by itself. when ETH rose from $1,893 to $2.44k, BitMine's old stack gained $3.18b, or 91% of the $3.5b portfolio increase, and the company omitted its current share count and funding source.

$BMNR is doing exactly what an ETH treasury equity should be doing today. ETH: +2.11% BMNR: +5.66% And even after that move, BMNR still hasn’t reached NAV. ETH: $2,459.74 BMNR: $24.10 NAV/share: $24.97 mNAV: 96.5% That still leaves BMNR trading at roughly a 3.5% discount to common NAV. Does parity finally break today? $BMNR $ETH

Norway's sovereign wealth fund disclosed an $81.9M BitMine position at June 30 Norges Bank reported 6,151,062 BMNR shares in half-year holdings published Wednesday. The stake was absent from its December filing and gives the fund equity exposure to Ethereum rather than direct ethereum:native. BitMine joined the Russell 1000 on June 26, and neither disclosure shows whether index inclusion drove the buy. @BitMNR reported 5.81 million ETH as of August 9.

10 New bStocks collateral now live on Lista! ALABB, ASMLB, ASTSB, BMNRB, COHRB, CRDOB, IRENB, NFLXB, SMCIB, and USARB are now available as collateral on @BNBCHAIN. Supply them as collateral and borrow U, USDT or USD1 against your position.

New bStock Listing. Trade: ALABB/USDT, ASMLB/USDT, ASTSB/USDT, BMNRB/USDT, COHRB/USDT, CRDOB/USDT, IRENB/USDT, NFLXB/USDT, SMCIB/USDT and USARB/USDT 24/7 access. 1:1 free and instant exchange for actual stocks on Binance. Exchange the World, one market at a time. Read more 👉