Crypto World
BitMine lost $8 billion on ETH but Tom Lee still made tens of millions
Tom Lee’s Ethereum bet has cratered the BitMine Immersion Technologies balance sheet by more than $8 billion. His personal compensation package, however, is still worth tens of millions of dollars.
BitMine is the publicly traded ether (ETH) acquisition company that Lee chairs. Its most recent quarterly filing disclosed a so-called treasury of 4,473,459 ETH, acquired for a not-so-brilliant cost basis of $16.97 billion as of February 28. Fair value on that date was only $8.79 billion.
In other words, thanks to Lee’s leadership, the company had an unrealized loss of $8.18 billion, or just over 48%, below its then-average cost basis of $3,795 per ETH.
Undeterred, the company kept buying anyway and by May 17 had reported 18% more: 5,278,462 ETH.
Indeed, the company has repeatedly proclaimed that it “aims to eventually hold 5% of the total ETH supply” because of the importance of alchemy.
However, like every so-called alchemist throughout human history, BitMine has failed to discover anything except how to make money disappear.
Meanwhile, Lee, his co-executives, and the agents who keep BitMine’s stock printer running have done extraordinarily well on a personal basis.
$348 million in warrants before the losses even began
BitMine became an ETH treasury company in July 2025 by hiring Lee-affiliated firm Ethereum Tower as strategic advisor.
- That deal cost shareholders 3,192,620 warrants at an exercise price of $5.40. That fair value was $348.96 million, expensed immediately against fiscal 2025 earnings.
- The placement agent on the related June 2025 stock offering, ThinkEquity LLC, walked away with another 1,231,945 warrants worth $134.65 million.
- Three men — then-Chief Executive Jonathan Bates, Chief Financial Officer Raymond Mow, and President Erik Nelson — collected $3.37 million in combined salary, bonus, and stock for the year.
- Outside directors split another $1 million in stock awards.

Tens of millions for Tom Lee
Five months after those strategic advisor warrants, BitMine asked stockholders to approve a new package for Lee, who had assumed the chairman role.
Despite BitMine’s common stock languishing 79% below its 52-week high at the time, a majority of voting power agreed on January 15, 2026.
The package was worth up to $95 million in cash over five years. BitMine paid $15 million upfront and committed to $20 million more in fixed payments over four years. The remaining $60 million unlocks only if BitMine hits annual revenue hurdles.
Targets escalate from $200 million in fiscal 2027 to $500 million in fiscal 2030. In addition to the cash, Lee received 1.5 million time-vesting restricted stock units and 4.5 million performance units.
Performance units vest at $125 and $250 share price targets.
Curiously, BitMine’s board justified the lavish deal by calling Lee a uniquely qualified leader. In actual fact, the company’s ETH treasury was already underwater by more than $4 billion at the time of the January vote, and losses have doubled since then.
Read more: Even Ethereum treasury companies are selling ETH to pay off debt
Compensation for me, dilution for thee
BitMine’s common stock has lost 30% of its value year-to-date, and 88% since its 52-week high.
The company’s quarterly filing acknowledged the likelihood of a poor stock price, “a 20% ETH correction can result in 50% equity drawdowns due to leverage and collapsing premiums.”
Surpassing that warning by more than double, ETH has already declined 42% from BitMine’s average purchase price.
Funding BitMine’s purchases of ETH requires an extraordinary pace of shareholder dilution. While shareholders burden losses, Lee and his leadership receive their compensation regardless.
BitMine’s at-the-market dilutive offerings of its common stock through Cantor Fitzgerald and ThinkEquity are authorized up to $24.5 billion. Through February 2026, those agents had already diluted shareholders by an addition 253 million shares for $10 billion in net proceeds, collecting $122.3 million in commissions.
Protos has previously documented how BitMine’s paper losses on ETH now exceed the customer losses at FTX. That terrible figure has remained true.
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Crypto World
bitcoin on sidelines as markets surge on Iran peace hopes
Markets have been rugged numerous times over the past weeks on supposed Middle East peace deals, but President Trump’s Saturday announcement of a coming agreement for the moment continues to have legs.
Oil prices and bond yields are sharply lower in response, and that’s helping stocks, where the Nasdaq has surged 1.4% in Tuesday morning trade.
Crypto, though, is watching from the sidelines as traders shovel capital into AI-related trades and await mega-IPOs like SpaceX and OpenAI.
After briefly attempting to rally, bitcoin (BTC) is changing hands at $76,800, down nearly 1% over the past 24 hours. Ether (ETH), solana (SOL) and XRP (XRP) are down similarly.
Crypto World
Philippines Crypto Rules Shape Binance Return Via Local Partner
Binance has disclosed a formal market-entry initiative in the Philippines, aligning with fintech partner BlockShoals Technologies to pursue operations through local partnerships and regulatory engagement. The arrangement positions BlockShoals as an approved local intermediary under the Philippine Securities and Exchange Commission’s StratBox framework, with Binance providing technology, security, operations, and compliance support. According to Cointelegraph, the effort signifies Binance’s intent to pursue a compliance-first pathway into a market where direct access has historically been restricted.
A Binance spokesperson told Cointelegraph that the company is pursuing a compliance-oriented market approach in collaboration with local stakeholders. “This represents Binance’s first formal market entry approach in the Philippines through local partnerships and regulatory engagement,” the spokesperson said.
The StratBox-based plan is designed to unfold in phases, with the sandbox portion expected to commence in the second half of 2026 and run for at least two years under the SEC framework. The initiative comes as Binance remains blocked in the country, a status tied to licensing concerns and regulatory action by local authorities.
Key takeaways
- BlockShoals Technologies is an approved StratBox participant, designated to operate as the local intermediary for Binance under the Philippines’ regulatory sandbox framework.
- The StratBox sandbox is slated to begin in H2 2026 and extend for a minimum of two years, reflecting a structured, regulator-led pathway for market access.
- Binance’s ongoing access restrictions in the Philippines persist, tied to licensing and registration requirements; regulators have historically directed or mandated access limitations on unregistered platforms.
- The Philippines’ regulatory regime has evolved through a series of public advisories and enforcement actions targeting unregistered crypto platforms, illustrating a high-risk environment for cross-border exchanges operating without local authorization.
- The development highlights a broader trend toward formalized, compliance-driven market entry strategies for international exchanges seeking a regulated foothold in Southeast Asia.
Formal market-entry strategy through StratBox
The Philippines’ StratBox framework, described by Binance as an approved sandbox, is intended to enable a controlled, supervised pilot of digital-asset activities through locally licensed intermediaries. In this structure, BlockShoals will act as the approved operator within the regulatory perimeter, while Binance supplies the behind-the-scenes technology, security controls, and ongoing compliance oversight. The approach aligns with a broader demand from regulators for direct oversight over market participants, particularly in areas touching securities law and investor protections.
From a practical standpoint, the model reduces immediate exposure to blanket, cross-border access while establishing a clear line of sight into local consumer protections, anti-money laundering (AML) and know-your-customer (KYC) controls, and licensing requirements. The market-entry plan underscores an emphasis on governance, risk management, and regulatory reporting, with the sandbox design intended to allow regulators to observe, assess, and steer operations before broader permissioning is granted.
Regulatory backdrop: enforcement history and current posture
The regulatory narrative in the Philippines around Binance has been marked by a sequence of warnings, blocking actions, and ongoing licensing considerations. The Securities and Exchange Commission first warned the public against Binance in November 2023, stating that the platform was not authorized to sell or offer securities in the country due to the absence of the required registration and license. This initial advisory underscored the SEC’s stance that unregistered platforms pose compliance and investor-protection risks.
In March 2024, the SEC indicated it had requested the National Telecommunications Commission to block access to Binance and related pages, citing the absence of a Philippine-registered operating license. Local internet-service providers subsequently restricted access in alignment with the regulator’s directive. The episode illustrated the interplay between securities regulators and communications regulators in enforcing market access constraints against unlicensed platforms.
The regulatory emphasis on licensing and registration broadened in 2025, when the SEC issued an advisory against a group of crypto exchanges, including OKX, Bybit, KuCoin, and Kraken, warning that their activities may expose Filipino investors to heightened risks. The advisory reflected a willingness to pursue sanctions or enforcement measures against platforms lacking proper local authorization, signaling a tighter risk posture for overseas exchanges seeking Philippine operations.
Further signals emerged in April 2025, when the regulator named several platforms—dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium—in an investor alert, stating that these entities were not registered with the SEC but appeared to be offering investments to the public. The action illustrated a continued effort to deter unregistered platforms from marketing to Philippine investors and to standardize expectations around registration, licensing, and compliance practices for digital-asset participants.
These enforcement milestones collectively shape the regulatory environment in which Binance’s StratBox plan operates. They indicate a persistent risk that access to Philippine markets remains contingent on regaining licensed status or establishing an authorized local intermediary under a regulator-approved framework. The evolving regime places a premium on formal licensing, registration, and ongoing compliance, with regulators signaling readiness to impose access restrictions on non-compliant platforms.
Regulatory and market-structure implications for cross-border operators
Binance’s attempt to re-enter the Philippine market through a regulator-approved intermediary marks a notable shift in how large, international exchanges may pursue access in jurisdictions with stringent licensing regimes. The StratBox pathway embodies a hybrid model that balances local oversight with international technology and risk-management capabilities. For exchanges, this approach could become a template for navigating disparate regulatory landscapes where outright market access is blocked or revoked absent a local license or licensed intermediary.
From a policy perspective, the Philippines’ evolving framework aligns with broader regional and international trends toward formalizing digital-asset markets. The emphasis on sandbox experimentation, intermediary licenses, and phased market access mirrors regulatory moves seen in other jurisdictions that favor structured pilots before granting broad licensing. The regulatory emphasis on AML/KYC, investor protection, and clear licensing requirements has direct implications for exchanges and market participants seeking to avoid sanctions and ensure compliance with local law.
For financial institutions and banks interfacing with crypto platforms, the Philippine experience reinforces the importance of due diligence and compliance readiness in cross-border payments and custodial arrangements. Banks and payment facilitators are increasingly attuned to the regulatory status of crypto platforms operating within their ecosystems, given the potential reputational, legal, and operational risks associated with unregistered or unlicensed entities. In this sense, the StratBox model could influence how banks assess counterparties, conduct audit trails, and implement cross-border AML controls in collaboration with regulators and local partners.
Broader policy and regional context
The Philippines’ regulatory trajectory sits within a global milieu of enhanced crypto oversight, where frameworks such as the EU’s Markets in Crypto-Assets Regulation (MiCA) and corresponding U.S. enforcement priorities shape cross-border operations. Policymakers are increasingly expecting robust licensing, transparent disclosures, and verifiable compliance programs as prerequisites for market access. In this context, StratBox and similar sandbox avenues may serve as pragmatic mechanisms to harmonize innovation with risk management, providing clear benchmarks for registration, reporting, and supervisory review.
For market participants, the evolving landscape also underscores a need to monitor cross-border regulatory differences, potential licensing harmonization efforts, and the degree of regulatory certainty that may emerge from sandbox-based pilots. As regulators balance investor protection with the benefits of fintech innovation, the Philippines’ experience may inform policy discussions on licensing timelines, interim safeguards, and the role of approved intermediaries in overseeing digital-asset activities.
Closing perspective
The Binance-BlockShoals StratBox initiative reflects a deliberate, regulation-aligned strategy to gain a regulated foothold in the Philippines. While the sandbox offers a clear pathway to market access, the ongoing licensing and access constraints illustrate the prudence regulators exercise to balance innovation with investor protection. As the two-year-plus sandbox unfolds, observers should watch for how the framework addresses registration hurdles, supervisory expectations, and the practical implications for institutions seeking to participate in a regulated Philippine digital-asset market. The outcome will likely influence how other international exchanges craft compliant market-entry plans in similarly regulated jurisdictions.
Crypto World
Strive stacks more bitcoin as ASST surges 133% in three months
Strive (ASST) purchased 1,109 bitcoin at an average price of roughly $76,989 per coin in the four days ended May 22, according to a Tuesday filing.
The latest acquisition brings the company’s total bitcoin holdings to 16,500 BTC, up from 15,391 BTC. Strive is now the seventh-largest publicly traded company holding bitcoin.
Alongside the increase in bitcoin holdings, Strive also reported higher cash and cash equivalents, which rose to $93.3 million from $87.3 million. The company’s holdings of Strategy Inc.’s STRC preferred stock also increased slightly in value to over $50 million.
The company also disclosed it is evaluating a refresh of its at-the-market programs tied to both its Class A common stock and SATA preferred stock, signaling additional flexibility for future capital raises and bitcoin purchases.
Shares of ASST have surged 133% over the past three months, dramatically outperforming other bitcoin treasury firms, though they remain lower by more than 90% from their 2025 high.
ASST is higher by 3% premarket alongside bitcoin’s rise back to $77,000 over the weekend.
Crypto World
BNB Plus raises $4.1m to bet its tiny balance sheet on crypto and AI infra
BNB Plus has raised $4.1 million in new convertible preferred stock to bulk up its digital-asset treasury and “explore” AI infrastructure, effectively asking public investors to fund a levered bet that the on‑chain plus AI narrative still has legs.
Summary
- The Nasdaq-listed digital-asset treasury firm is issuing Series B‑1 and B‑2 convertible preferred shares, led by Comstock Multichain Fund and other crypto-native funds.
- Proceeds will lift BNB Plus’s cash and digital-asset holdings to more than $16.4 million, making this financing material relative to its existing balance sheet.
- The company explicitly links its digital-asset reserves to “AI infrastructure development,” leaning into a reflexive market narrative that investors keep rewarding despite its vagueness.
BNB Plus Corp., a Nasdaq-listed digital asset treasury company trading under the ticker BNBX, said it has secured initial commitments for $4.1 million in Series B‑1 and B‑2 convertible preferred stock, with expectations to lift the total to $5 million. According to the company’s statement, investors include the Comstock Multichain Fund, an investment vehicle managed by Silvermine Capital Advisors, and other crypto-native institutional backers such as Off the Chain LP that specialize in “the monetization of undervalued assets.”
The financing is structured as two tranches of senior convertible preferreds that sit ahead of common equity and can convert 1‑for‑1 into BNBX shares, with obligations guaranteed by the company’s digital-asset treasury subsidiaries. The Series B‑1 preferred stock is priced at $1.05 per share, representing a 176% premium to BNB Plus’s May 22 closing price, carries an 8% annual dividend and a 1.5x liquidation preference, and comes with warrants giving investors the right to buy additional common shares at an exercise price of $0.76 for three years.
A small balance sheet chasing a big story
For a company of BNB Plus’s size, the absolute dollar amount matters more than the headline. With this round, the firm says it expects to hold “over $16.4 million” in cash and digital assets, valued as of May 23, meaning the $4.1 million (and potentially $5 million) raise is material relative to its existing treasury rather than a token top‑up.
BNB Plus positions itself as a specialist “digital asset treasury” operator, offering institutional-grade access to the Binance ecosystem while still carrying legacy biotech operations from its previous incarnation as Applied DNA Sciences. In its latest materials, the company says the new capital will “bolster the Company’s digital asset treasury” and provide working capital to support a “comprehensive strategic review” of both its digital-asset and biotechnology businesses, a phrase that usually signals future portfolio pruning, asset sales, or a rebrand that leans harder into the hotter narrative—in this case crypto plus AI.
The announcement explicitly ties proceeds not just to building reserves but to “explore opportunities for AI infrastructure development,” though it offers no concrete detail on whether that means direct investment in GPUs, co-investment in data centers, or essentially buying equity in other people’s AI hardware. That vagueness is precisely what makes this a pure narrative trade: the company is small, the capital is modest, and “AI infrastructure” is doing more work as a buzzword than as a defined capex plan.
Reflexive capital chasing on‑chain plus off‑chain risk
In isolation, a $4.1 million preferred round would barely register in a market obsessed with multibillion‑dollar ETFs and layer‑1 valuations. But BNB Plus’s raise fits neatly into a pattern where listed, niche balance‑sheet players are raising fresh equity and preferred capital on the promise of blending volatile on‑chain exposure with off‑chain AI compute and infrastructure bets.
The reflexivity is obvious. BNB Plus’s market cap sits in the low single‑digit millions, yet it is now offering investors a structure where they hand over cash in return for senior claims on a digital-asset treasury that itself is supposed to appreciate, while management promises to “review” strategy and maybe invest into AI hardware that is also being chased by every other public company with a pulse. If crypto prices rise, the treasury looks smarter; if AI infrastructure multiples stay inflated, the story looks smarter; in both cases, the company can raise again on the back of that mark‑to‑market.
The danger is that this becomes less about genuine treasury management and more about stacking layers of correlated risk—crypto tokens on one side, AI infrastructure valuations on the other—inside thinly capitalized vehicles that retail investors can trade on Nasdaq. For now, investors seem willing to reward any vehicle that promises exposure to both themes at once; BNB Plus’s financing shows that even tiny balance sheets are learning to speak that language fluently.
Crypto World
UK Sanctions Justin Sun’s HTX Crypto Exchange Over Russia Ties
The UK government today designated Huobi Global S.A, the Panama-registered entity operating Justin Sun-advised crypto exchange HTX, under its Russia sanctions regime.
The move targets entities accused of supporting Russia’s financial sector and enabling sanctions evasion through cryptocurrency channels.
Escalating Pressure on Global Exchanges
Announced on May 26, 2026, as part of a broader package cracking down on Russian crypto networks, the designation adds Huobi Global S.A. alongside other platforms like EXMO Exchange.
UK authorities cited ongoing concerns over P2P trading and facilitation that could help Russia bypass Western restrictions.
Justin Sun, Tron founder and HTX’s prominent Global Advisor with significant ownership ties, remains unlisted personally.
However, the action directly impacts the exchange he publicly promotes and strategically influences.
What UK Sanctions Mean for HTX Users and Partners
Designated entities face strict UK asset freezes and prohibitions on dealing in funds or economic resources.
British individuals and businesses must immediately cease transactions with HTX and report any exposure to the Office of Financial Sanctions Implementation (OFSI).
Violations risk severe civil and criminal penalties.
This compounds existing FCA enforcement against HTX for illegal financial promotions to UK consumers, including court actions and app/social media blocks.
Crypto markets have grown sensitive to geopolitical sanctions as exchanges navigate compliance in a fragmented global landscape.
HTX, once among the top platforms by volume, now faces heightened scrutiny that could limit liquidity, user access in key regions, and institutional partnerships.
HTX may accelerate geo-restrictions or compliance overhauls, while global exchanges monitor UK and allied moves.
Investors should review exposure, prioritize regulated platforms, and watch for official sanctions list updates on GOV.UK.
The case highlights tightening oversight in 2026, potentially reshaping how major players operate amid Russia-related risks.
The post UK Sanctions Justin Sun’s HTX Crypto Exchange Over Russia Ties appeared first on BeInCrypto.
Crypto World
SUI drops 1.1%, leading index lower
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 2066.65, down 0.4% (-7.39) since 4 p.m. ET on Monday.
Four of the 20 assets are trading higher.

Leaders: NEAR (+2.1%) and TAO (+1.2%).
Laggards: SUI (-1.1%) and CRO (-1.1%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Crypto World
BitMine’s $5m ETH bet makes Ethereum’s decentralization look fragile
BitMine Immersion Technologies now controls 5,390,404 ETH—around 4.47% of Ethereum’s total supply—after quietly accelerating its “5% Alchemy” accumulation strategy to within striking distance of its self-imposed goal.
Summary
- BMNR reports holding 5.39 million Ethereum (ETH) at an average entry of $2,134, plus $444 million in cash, for combined crypto, cash and “moonshot” assets of $12.3 billion.
- The company says it has staked roughly 4.71 million ETH—worth about $10.1 billion at recent prices—with expected annual staking income of $276 million at a 2.75% annualized yield.
- One listed corporate treasury now controls a low-single-digit slice of Ethereum’s supply and an even larger share of its active validator set, raising uncomfortable questions about network governance and consensus capture.
As of May 25, BitMine Immersion Technologies says its treasury has reached 5,390,404 ETH held at an average acquisition price of $2,134, representing 4.47% of Ethereum’s roughly 120.7 million coin supply. According to the company’s latest release, that stash sits alongside 203 BTC, $200 million in Beast Industries equity, $95 million in Eightco Holdings “moonshot” exposure and $444 million in cash, bringing total crypto, cash and moonshot assets to $12.3 billion.
BMNR frames this as progress toward what chairman Tom Lee has branded the “Alchemy of 5%”—a plan to acquire roughly 5% of all ETH in existence, then pivot from accumulation to harvesting protocol-level yield through an internal staking stack called MAVAN. Earlier disclosures show how aggressively the position has ramped: in December 2025 the firm reported holding 4.11 million ETH (about 3.41% of supply), rising to 4.66 million ETH (3.86% of supply) by late March and 4.80 million ETH in early April as it kept buying into the low $2,000s.
A single treasury is turning into an ETH mega-validator
The more important number is not just how much ETH BitMine owns, but how much it has already staked into Ethereum’s consensus layer. Recent materials indicate that the company has staked approximately 4.71 million ETH, with earlier data showing 3.14 million ETH staked as of March 23 and 4.71 million ETH associated with MAVAN and partner validator operations as it moved closer to its 5% target. Using a 7‑day annualized staking yield of roughly 2.75%, BitMine estimates that its staked ETH can generate around $276 million in yearly rewards at current prices, with some earlier projections putting the fully scaled MAVAN revenue closer to $282 million at a 2.78% yield.
That makes BMNR not just a whale, but arguably Ethereum’s most important corporate validator operator in the making. A January analysis of BitMine’s strategy noted that the company had already accumulated more than 4.2 million ETH, around 3.48% of total supply, and explicitly highlighted trader anxiety about what happens when “the largest purchaser” of ETH finishes buying and flips into a pure staking-and-yield posture. The same piece flagged that BitMine was already staking about 1.84 million ETH at that point and planned to deepen partnerships with third-party staking providers while rolling out MAVAN as a dedicated validator network.
Concentration risk, governance leverage and the politics of “5%”
On paper, 4.47% does not sound like control, but in practice a single listed corporation that owns and stakes a low-single-digit percentage of Ethereum’s entire supply is a structural fact for the network. Staking is already dominated by a handful of liquid staking protocols and centralized exchanges; dropping another multi-million‑ETH block into a unified treasury that answers to a board and equity shareholders adds a visibly political actor to Ethereum’s validator set.
This is exactly the concern raised in recent coverage that asked whether Ethereum’s price and security model become more fragile once BitMine reaches its 5% goal and stops being a one-way buyer. The “toll booth for programmable money” language surrounding the Alchemy of 5% strategy, echoed in investor materials and Binance Square posts, is not subtle: BitMine wants to own a systemically important slice of the base asset, run validators at scale, and skim protocol yield at volumes that rival mid-cap public companies’ operating profit.
From a decentralization standpoint, this is a regression disguised as sophistication. Where early Ethereum culture pretended to fear miners and exchanges, the network is now sleepwalking into a regime where a handful of branded, compliant, fully KYC’d mega-validators can credibly threaten to coordinate around contentious forks, censorship of sanctioned addresses, or political pressure from regulators. BitMine does not need to “attack” Ethereum to change it; it only has to exist at this scale and behave like every other large, risk-averse public company.
The market’s complacent response so far—treating BMNR’s accumulation as bullish “institutional adoption”—misses the point. A future in which one treasury controls and stakes 5% of ETH may be good for BitMine’s shareholders, but it makes Ethereum’s consensus and politics meaningfully more legible, more captured, and easier to pressure from the outside.
Crypto World
CoreWeave (CRWV) Stock Surges as Major Institutions Boost Holdings and Russell 3000 Inclusion Takes Effect
Key Highlights
- Deutsche Bank maintains Buy rating with $135 price objective on CoreWeave ($CRWV), currently trading near $105.49
- Major institutional investors like Vanguard, PNC Financial, and Invesco dramatically expanded their CRWV holdings
- Company secured a groundbreaking $3.1 billion AI infrastructure financing facility for data center growth
- Analyst consensus shows “Moderate Buy” with mean price objective of $129.63 across 33 Wall Street analysts
- Company insiders offloaded more than $2.8 billion in shares over 90 days, primarily for tax obligations related to equity compensation
CoreWeave ($CRWV) is attracting significant institutional capital and positive analyst commentary as the company aggressively expands its AI-focused cloud infrastructure footprint. Shares started Tuesday’s session at $105.49, notably below the 52-week peak of $187.00 yet comfortably above the $63.80 yearly low.
CoreWeave, Inc. Class A Common Stock, CRWV
Deutsche Bank maintained its Buy recommendation while keeping the $135 price objective intact, pointing to robust AI infrastructure demand as the catalyst driving revenue expansion and growing backlogs at specialized cloud infrastructure providers such as CoreWeave.
The investment bank recognized that profitability metrics throughout the industry face headwinds. CoreWeave’s gross margin stands at 69%, yet the firm reported a $3.15 per-share loss across the trailing twelve months as it channels significant capital toward platform expansion.
Deutsche Bank observed that Wall Street has struggled to properly value AI-centric businesses within the broader cloud computing landscape, though it emphasized that CoreWeave’s extended contract terms deliver appealing returns while mitigating risk across their multi-year duration.
Wall Street consensus anticipates revenue growth this year despite the absence of profitability. The average earnings per share projection for the current fiscal year is -$4.58.
Institutional Capital Flows Into CRWV
The surge in institutional ownership of CoreWeave has been remarkable. PNC Financial Services expanded its holding by 248.9% during Q4, purchasing 38,205 additional units to reach 53,556 shares worth approximately $3.84 million.
Vanguard made an even more substantial commitment, growing its position by 275.6% to approximately 28 million units valued near $2 billion. Proficio Capital Partners and Invesco similarly established significant positions during the third quarter.
The inclusion of the stock in the Russell 3000 index is anticipated to trigger additional buying from passive investment vehicles tracking the benchmark.
$3.1B Financing Facility and Platform Innovation
CoreWeave completed a $3.1 billion high-performance computing infrastructure financing arrangement — characterized as the inaugural publicly syndicated HPC infrastructure-backed credit facility. The structure earned Ba2 credit ratings from Moody’s and BB+ from Fitch.
The firm unveiled CoreWeave Sandboxes, a new offering providing protected environments for AI researchers to execute computational workloads. The solution is accessible through CoreWeave Kubernetes Service and a serverless alternative via Weights & Biases.
CoreWeave achieved the top inference performance benchmark for Moonshot AI’s Kimi K2.6 model, reaching 205 tokens per second.
Regarding analyst coverage, Wells Fargo increased its price objective from $135 to $155 while maintaining an overweight stance. Jefferies boosted its target from $120 to $160, continuing with a buy recommendation. Citizens JMP maintains a $180 objective. Macquarie recently upgraded to an outperform rating.
Bearish voices remain present. Bernstein SocGen kept an underperform rating, elevating its target only to $67, expressing concerns regarding potential competitive threats from a planned AI cloud collaboration between Blackstone and Alphabet.
Among 33 Wall Street analysts tracking the stock, 19 recommend Buy, 12 suggest Hold, and 2 advise Sell. The consensus price target stands at $129.63.
Insider selling activity has been substantial, with more than $2.8 billion in shares sold during the previous 90 days, though regulatory filings show these transactions occurred under pre-established Rule 10b5-1 trading plans designed to satisfy tax withholding requirements on vesting equity awards.
Crypto World
Bitcoin Treasuries Add 603 BTC as Strategy Pauses Weekly Buys
Smaller Bitcoin treasury firms added 602.6 BTC worth about $46 million last week, even as the largest corporate holders appeared to pause their acquisitions.
The purchases included a 381.6 Bitcoin (BTC) acquisition by asset manager and Bitcoin treasury company Strive, 200 BTC bought by global consumer food brand DDC Enterprise Limited, 19 BTC acquired by UK-based web design company The Smarter Web Company (SWC), and 2 BTC bought by AI data center company Hyperscale Data.
The buying suggests corporate Bitcoin demand has not disappeared during the latest drawdown, but has shifted toward smaller treasury firms while market leader Strategy paused its usual weekly accumulation.
The purchases came as spot Bitcoin exchange-traded funds (ETFs) logged $1.54 billion in combined net outflows in the six trading days leading up to Friday, Farside Investors data shows.
However, crypto sentiment analysis platform Santiment called the mounting outflows a “counter-indicator,” arguing that ETFs disproportionately reflect retail investor sentiment, not smart money positioning, Cointelegraph reported on Saturday.

Strive FORM 8-K filed with the US Securities and Exchange Commission. Source: SEC.gov
Bitcoin treasuries bought the BTC dip below $80,000
The Bitcoin treasury companies made their acquisitions shortly after Bitcoin fell below the $80,000 level.
Strive made its latest investment at an average purchasing price of $79,348 per Bitcoin, while DDC bought at an average purchasing price of $79,496 per BTC and SWC at an average purchasing price of $77,687 per BTC.
Hyperscale bought the BTC in the open market and did not disclose an average purchasing price, though it acquired on Sunday, when Bitcoin’s price closed the day at $76,981.
The average purchasing price of Bitcoin treasury firms is an important metric that reveals the unrealized gains or losses on the current BTC position and is often used to gauge a company’s long-term conviction in the underlying asset.
Related: New York lawsuit tests lost property claim over dormant Bitcoin
The development comes a week after Strategy announced a massive acquisition of 24,869 BTC acquired for $2.01 billion between May 11 and 17, at an average purchasing price of $80,985 per BTC. The $2 billion investment marked Strategy’s third-largest investment of 2026.

Top Bitcoin treasury companies by holdings. Source: Bitcointreasuries.net
There are currently about 198 public Bitcoin treasury companies holding 1.24 million Bitcoin, representing about 5.9% of the total supply, data from Bitcointreasuries shows.
Magazine: Bitcoin ETFs bleed $1B, Aave’s $71M ETH unfreeze bid delayed: Hodler’s Digest, May 10 – 16
Crypto World
DOGEBALL could be the leading crypto presale to buy now
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
DOGEBALL gains attention as a crypto presale combining gaming utility, payments, and audited blockchain infrastructure.
Summary
- DOGEBALL is a Layer 2-based crypto ecosystem built on DOGECHAIN, combining payments and gaming with a utility-driven presale model.
- The project enables crypto-to-fiat transfers with zero FX fees and integrates a play-to-earn gaming system with real reward mechanisms.
- It is in presale Stage 5 at $0.00065, with reported fundraising of $295K+ and a staged pricing model designed to reduce supply over time.
DOGEBALL (DOGEBALL) is quickly standing out for investors searching for the best crypto presale to buy now. With real payment utility, a powerful gaming ecosystem, and audited tech, DOGEBALL is designed to deliver long-term value rather than short-lived hype.

Why DOGEBALL could be the best crypto presale to buy now
DOGEBALL crypto presale 2026 is built on DOGECHAIN, a custom Ethereum Layer 2 that powers fast, low-fee transactions. This infrastructure supports both global payments and gaming, making DOGEBALL a serious contender for anyone hunting the Best Crypto Presale To Buy Now.
Unlike many crypto presale projects that lean on vague promises, DOGEBALL has a clear, utility-driven roadmap: DOGEPAY for real-world payments, a high-stakes play-to-earn game, and a scalable Layer 2 network. That combination gives DOGEBALL multiple real demand drivers from day one.
DOGEBALL details: Why this crypto presale is different
DOGEBALL is a full crypto ecosystem that lets users send crypto while receivers get fiat directly in their bank accounts worldwide. There are zero FX fees, no banks or intermediaries, and near-instant transfers, all powered by DOGECHAIN and the DOGEBALL token.
The same infrastructure also fuels a cross-platform play-to-earn game with a prize pool up to $1M and a top reward up to $500K. Players can cash out winnings straight to fiat, and developers can accept crypto and convert to fiat instantly, making DOGEBALL useful across gaming and payments.
For investors, this is more than a speculative crypto presale. DOGEBALL is already in presale stage 5 at $0.00065, with $295K+ raised and 1000+ participants. A 4bn token burn (20% of the 20bn presale allocation) has already permanently reduced supply, tightening tokenomics.
The presale now runs as a timed model with 20 stages (starting from Stage 2), each lasting up to 7 days. If a stage sells out early, the next one starts immediately with a higher price. All unsold tokens from each stage are burned, further supporting long-term scarcity.
Every weekend, a stage ends, and each Monday at 21:00 UTC a new, higher-priced stage begins. That means today’s price is among the lowest available before launch, and with marketing ramping up from 11 May 2026, more buyers are likely to enter later at higher prices.
DOGEBALL presale growth potential: Numbers that make sense
DOGEBALL is currently priced at $0.00065 in stage 5, with an expected launch price of $0.015. The potential upside is easy to see:
- Launch price: 0.015
- Today’s presale price: 0.00065
- 0.015 / 0.00065 ≈ 23.07
- That is roughly a 23x increase from the current presale price
In ROI terms, this is around a 2207% gain. For example:
- Investing $100 at $0.00065 gets about 153,846 DOGEBALL tokens
- At $0.015, those tokens would be worth around $2307
These figures only cover the move from today’s presale level to the scheduled launch price, before considering any additional upside once DOGEBALL lists on exchanges and DOGEPAY plus the gaming ecosystem go live. Combined with ongoing token burns and growing marketing, early participants are positioned at some of the most attractive entry levels.
How to join DOGEBALL: Easy steps to enter this crypto presale
Getting into the DOGEBALL crypto presale 2026 is straightforward, even if someone is new to presales. Here is how to secure an allocation at the current stage price before the next increase.
- Visit the official DOGEBALL website and open the updated timed presale widget.
- Connect a supported web3 wallet, such as MetaMask or a trusted mobile wallet.
- Choose a payment method (such as ETH or USDT, depending on what the widget supports) and enter the amount to invest.
- Confirm the transaction in the wallet and wait for on-chain confirmation.
- The DOGEBALL allocation will be stored to be claimed once the presale ends and the token launches on exchanges with a specialist web3 partner.
Because each new stage brings a higher price and any unsold tokens are burned, buying earlier allows investors to secure more tokens for the same capital. With a planned launch price of $0.015, today’s $0.00065 stage offers one of the strongest value entries in this crypto presale.

Conclusion: Why DOGEBALL crypto presale 2026 looks like the best crypto presale to buy now
The DOGEBALL presale combines several powerful elements: a custom Ethereum Layer 2 (DOGECHAIN), a real-world payment app (DOGEPAY) that converts crypto to fiat in 30+ currencies, and a serious gaming ecosystem with up to $1M in rewards and instant cash-outs.
With audited smart contracts, a 4bn token burn already executed, automatic burns on unsold stage tokens, $295K+ raised, 1000+ participants, and a clear launch target of $0.015, DOGEBALL presale gives investors transparent numbers and real utility. For many, that makes DOGEBALL crypto presale 2026 a leading candidate for the best crypto presale to buy now.
For more information, visit the official website, Telegram, and X.
FAQs for best crypto presale to buy now
What is the best crypto to buy in Presale?
The best presales usually combine clear utility, audited contracts, and disciplined tokenomics. DOGEBALL fits this profile with payments, gaming, a Layer 2 chain, and a structured, burn-backed presale, which puts it high on many investors’ shortlists.
Which crypto has 1000x potential?
No project can guarantee 1000x, but tokens with multiple real use cases have a better chance. DOGEBALL powers payments, gaming, staking, and Layer 2 gas, creating several streams of organic demand instead of relying only on speculation.
How to find the best presale crypto?
Focus on real products, audits, transparent teams, and supply mechanics. DOGEBALL publicly outlines DOGEPAY, its gaming ecosystem, DOGECHAIN, and stage-based burns, giving investors concrete fundamentals rather than empty marketing slogans.
What is the fastest crypto presale?
Fast-moving presales usually have strong demand and smart mechanics. DOGEBALL’s timed stages, automatic price rises, supply burns, and increasing marketing can accelerate stage sellouts as more investors discover its payments-plus-gaming value proposition.
Is it good to buy presale tokens?
Presales carry higher risk but can offer strong upside when backed by real utility and clear tokenomics. DOGEBALL’s audited contracts, defined launch price, ecosystem roadmap, and scarcity-focused presale structure give buyers a more informed, data-backed opportunity.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
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