Knots leader Bitcoin Mechanic, aka “GrassFedBitcoin,” was banned from Reddit’s most popular Bitcoin community on Sunday after posting about the contentious BIP-110.

BIP-110 attempts to limit non-monetary data on Bitcoin like images, documents, and other inscriptions and, according to moderators, posting about it in the r/Bitcoin subreddit breaks a long-standing rule against promoting protocol changes that lack broad agreement.

Bitcoin Mechanic posted just two sentences: “7 blocks in the last difficulty period flipped version bit 4. I wonder what they’re signalling for?”

However, even this was enough to cause moderators to immediately remove the post and permanently ban his account

“I expected them to delete the post, didn’t expect them to ban my account,” he posted on Sunday alongside a video about the removal. It drew 40,000 views within hours on X, plus thousands more on YouTube.

“I know that they ban all mention of Knots and BIP-110. I know that already,” he said. “They have that as an unwritten but official policy at this point.”

He also claimed that he was simply describing an “on-chain reality.”

However, Reddit moderator BashCo tapped the sign and told Bitcoin Mechanic that the established rules meant the outcome should have been obvious.

Executive Summary

• BMNR experiences pre-market decline despite staked Ethereum exceeding $9.5 billion
• Company maintains $11.6B total position across cryptocurrency assets and cash reserves
• Ethereum holdings represent 4.49% of total ETH supply following recent acquisitions
• MAVAN validator network underpins company’s expanding Ethereum staking operations
• Management sets sights on controlling 5% of Ethereum supply with projected staking yields

Bitmine Immersion Technologies disclosed total holdings of $11.6 billion across digital assets, cash positions, and strategic investments as BMNR stock demonstrated volatility. Shares concluded regular trading at $19.27, representing a modest 0.10% gain, before retreating 2.25% to $18.82 during pre-market hours. This downward movement occurred alongside announcements of Bitmine’s enlarged Ethereum treasury and staked ETH crossing the $9.5 billion threshold.

Bitmine Immersion Technologies, Inc., BMNR

Substantial Ethereum Treasury Accumulation

According to its most recent disclosure, Bitmine possessed 5,416,901 ETH as of May 31, 2026. With each token valued at $2,003, the company’s Ethereum allocation exceeds $10.8 billion. Beyond its primary Ethereum holdings, Bitmine maintains 203 Bitcoin alongside $446 million in liquid cash reserves.

Management indicated these ETH reserves constitute 4.49% of Ethereum’s circulating supply totaling 120.7 million tokens. This concentration establishes Bitmine as the dominant corporate holder of Ethereum worldwide. Among all corporate cryptocurrency treasuries globally, only Strategy surpasses the company’s position.

Over the preceding seven days, Bitmine acquired an additional 26,497 ETH as part of its ongoing accumulation strategy. Company executives stated their objective of controlling 5% of total Ethereum supply before 2026 concludes. This milestone forms a cornerstone of the firm’s extended treasury approach and equity market narrative.

Staking Operations Eclipse $9.5 Billion Mark

As of May 31, 2026, Bitmine disclosed 4,718,677 ETH actively staked across its validator infrastructure. With Ethereum priced at $2,003, this staked allocation represents approximately $9.5 billion in value. The figure accounts for over 87% of the company’s complete Ethereum portfolio.

MAVAN, the company’s Made in American Validator Network, powers its Ethereum validation activities. Bitmine developed this infrastructure initially for internal treasury management, with plans for broader deployment. Leadership anticipates MAVAN will eventually accommodate institutional clients, custodial services, and additional ecosystem participants.

The company disclosed a 7-day annualized staking yield of 2.73% for BMNR operations. Extrapolating from this performance metric, Bitmine forecasts annualized staking income of $258 million. Operating at maximum capacity, the projection extends to $296 million in yearly staking rewards.

Stock Maintains Elevated Trading Volumes

While BMNR registered marginal gains to close at $19.27, early pre-market activity drove shares down to $18.82. The pullback followed the company’s latest treasury disclosure. The equity continues ranking among the most actively exchanged securities across U.S. markets.

According to Fundstrat analysis, BMNR averaged $628 million in daily dollar volume across the four-day period concluding May 29, 2026. This trading activity positioned the stock at rank 225 among 5,704 U.S.-listed equities. The placement situated BMNR between Marathon Petroleum and Blackstone in terms of liquidity metrics.

Beyond core cryptocurrency positions, Bitmine revealed strategic equity holdings in emerging ventures. These encompass a $180 million investment in Beast Industries and $93 million allocated to Eightco Holdings. Combined with digital assets and cash, the company’s aggregate holdings including moonshot investments total $11.6 billion.

Key Takeaways

• Barclays launched coverage of IBM on Monday with an Overweight rating and set a $350 price target.
• Shares of IBM climbed approximately 11-12% to near $330 during premarket hours.
• The optimistic outlook focuses on IBM’s software division, which accounts for nearly 50% of revenue and most profits.
• According to Barclays analyst Raimo Lenschow, IBM’s infrastructure software caters to large, regulated corporations — establishing a durable customer base resistant to AI disruption.
• This bullish call adds to recent strength: IBM has climbed 28% in the last month and recorded its best weekly performance in a quarter-century.

IBM shares experienced significant upward momentum on Monday following a bullish initiation from Barclays — and the catalyst wasn’t related to quantum computing developments.

International Business Machines Corporation, IBM

Shares of IBM jumped approximately 11% in premarket action, reaching $330.11, after Barclays analyst Raimo Lenschow launched coverage with an Overweight recommendation and established a $350 price objective. This target suggests additional upside potential of 17.5% from premarket levels.

The technology giant has been experiencing remarkable momentum. IBM has advanced 28% during the past 30 days and recently delivered its most impressive weekly performance in two and a half decades. Shareholders of Big Blue have enjoyed substantial gains in recent weeks.

While quantum computing has dominated recent headlines — IBM secured $1 billion in federal CHIPS and Science Act funding to construct a dedicated quantum chip fabrication facility, subsequently committing over $10 billion of corporate capital toward quantum development and production over five years — Lenschow’s investment thesis focuses elsewhere.

The Enterprise Software Narrative

His investment case is more straightforward: IBM has transformed into a software-driven enterprise, and the market hasn’t fully recognized this evolution.

Software accounts for approximately half of IBM’s total revenue while generating the majority of corporate profits. Lenschow anticipates this revenue composition will expand over time due to software’s superior growth characteristics.

The critical element of his analysis centers on IBM’s software specialization. This isn’t consumer-facing applications or fashionable AI tools. Instead, it’s fundamental infrastructure — Red Hat Enterprise Linux, Red Hat OpenShift, automation solutions, and data analytics platforms — engineered specifically for large, sophisticated enterprises operating hybrid cloud and on-premises infrastructures.

These clients will never transition entirely to cloud environments, Lenschow observes. This dynamic creates a captive, predictable revenue stream that’s difficult to disrupt.

“We see mid single digit organic revenue growth and ongoing margin leverage, which should create a stable earnings compounder with a Quantum option,” he wrote.

A Growing Consensus

Lenschow’s perspective isn’t breaking new ground. Oppenheimer’s Param Singh employed similar terminology in January, characterizing IBM’s software assets as “sticky.” Evercore ISI’s Amit Daryanani reinforced this view in February. And during April, Citi Research’s Fatima Boolani portrayed IBM’s software and hardware as deeply embedded “across the most critical points of the world’s largest, most complex IT infrastructures.”

This convergence of analyst endorsements illustrates a compelling investment narrative gaining momentum: IBM’s enterprise software foundation represents a competitive advantage rather than a burden.

Additional attention has emerged from social media channels. Statements from Donald Trump in December commending IBM’s chief executive have reemerged online, circulating alongside discussions of other occasions where the president has publicly recognized particular equities in 2025.

The overall Wall Street sentiment remains measured. Among analysts currently tracking IBM, 10 maintain Buy recommendations while 11 rate it at Hold — establishing a Moderate Buy consensus. The average price objective stands at $291.69, indicating the stock may be appropriately valued at present levels following its recent appreciation.

IBM’s latest financial results demonstrated continued outperformance in the software division, with the corporation emphasizing hybrid cloud capabilities and AI integration throughout its enterprise customer portfolio.

Mutsamudu, Comoros, June 1, 2026 – MEXC, a leading 0-fee cross-asset trading platform, today announced the official launch of ‘RealStocks.’ This innovative equity product is now accessible to eligible users globally. The product seamlessly integrates real ownership rights of traditional financial assets with the low-friction experience of a crypto platform, further expanding MEXC’s 0-fee cross-asset trading ecosystem.

For a long time, investors looking to enter the U.S. stock market were limited to two less-than-ideal options. The first was trading through traditional brokerages, which requires enduring tedious currency exchange and deposit processes. The second was trading synthetic assets or tokenized products on crypto platforms, which often comes with drawbacks like poor liquidity and a lack of dividend payouts. The launch of ‘RealStocks’ breaks this deadlock, seamlessly bridging the gap between both worlds.

Building on a highly successful Beta phase validated by over 20,000 early users, the official launch ensures a seamless, battle-tested trading experience. Through MEXC’s licensed broker partner, Atomic Vaults, eligible users can purchase shares in real U.S.-listed companies, eligible users can purchase shares in real U.S. listed companies, with genuine market exposure and liquidity consistent with traditional U.S. equity markets. Where applicable, users are entitled to dividends or distributions on their holdings. The entire trading flow is integrated into MEXC’s existing interface. Users transact in USDT, making the experience of buying U.S. stocks similar to buying crypto in practice. Trading hours follow Nasdaq market sessions, and zero platform trading fees apply during the launch period, keeping costs to a minimum. The product has been validated by over 20,000 users during the Beta phase.

Atomic Vaults is a U.S. FINRA-licensed broker-dealer and global brokerage infrastructure provider backed by Founders Fund and ARK Invest. Processing over $15 billion in monthly trading volume, it enables access to U.S. equities, ETFs, options, and select Asian markets, with support for 24×5 trading, fractional investing, stablecoin funding, and institutional-grade clearing and custody.

MEXC is simultaneously launching three limited-time incentive campaigns.

Campaign 1: SpaceX(PRE) airdrop reward (May 28 – June 5)

Complete a U.S. stock spot trade and participate in the SpaceX(PRE) Season 2 Launchpad subscription before it closes, and receive additional SpaceX(PRE) airdrop rewards. Total prize pool: 200,000 USDT equivalent. Maximum reward per user: 5,000 USDT equivalent in SpaceX(PRE).

Campaign 2: $1,000,000 stock prize pool (June 2 – June 16)

During the campaign period, U.S. stock spot trading is available at zero fees. Complete trading tasks to share in a 1,000,000 USD equivalent stock prize pool.

Campaign 3: Real-time market data subsidy for new deposits (First month after U.S. stock launch)

Complete a qualifying deposit to receive a real-time market data subsidy — helping users start trading U.S. stocks with zero barrier to entry.

MEXC CEO Vugar Usi said:

“From Pre-IPO access to tokenized stocks, and now to real share ownership through U.S. stock spot trading, MEXC has continuously pushed the boundaries of what crypto users can access in global markets. With U.S. stock spot trading, users can now truly own world-class traditional financial assets within a familiar crypto trading environment — not just track their price. As 2026 brings a historic wave of IPO windows from the world’s top technology companies, crypto users will have the chance to participate as real shareholders for the first time. This is what Infinite Opportunities means at MEXC — not a tagline, but a product.”

‘RealStocks’ is now live and open to eligible users. 

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

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Disclaimer

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Not investment advice. For informational purposes only. Trading involves risk. Please consult a qualified professional before making any investment decision.

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Bitmine Immersion (BMNR), the largest publicly-traded Ethereum treasury firm, bought 26,497 ether (ETH) last week, sharply reducing the pace of accumulation after making its largest purchase of 2026 just a week earlier.

The latest acquisition, worth roughly $53 million at current ETH prices, lifted Bitmine’s holdings to nearly 5.42 million tokens, or approximately 4.49% of ether’s circulating supply, according to a Monday company update.

The purchase was down more than 75% from the prior week’s 120,000 ETH haul.

The slowdown comes after Thomas “Tom” Lee, chairman of Bitmine, said in May at Consensus 2026 that the company planned to moderate accumulation as it was rapidly approaching its long-term goal of owning 5% of ETH’s supply.

Despite the slower pace, Bitmine remains one of the few large digital asset treasury firms still actively adding to its crypto holdings. Even Michael Saylor’s bitcoin juggernaut Strategy (MSTR) sold $2.5 million bitcoin last week. Bitmine has acquired more than 1 million ETH since the start of the year and now sits about 90% of the way toward its stated goal of controlling 5% of the network’s supply.

“ETH prices are not reflecting the strengthening of Ethereum fundamentals,” Lee said in Monday’s statement. “But then again, this is not surprising given we are in the early stages of crypto spring.”

Bitmine’s total crypto and cash holdings stood at $11.6 billion as of May 31. In addition to its ETH treasury, the company held 203 bitcoin, $446 million in cash, and stakes in Beast Industries and Eightco Holdings.

The firm has increasingly focused on generating income from its holdings through staking. The company estimates its staking operations generate roughly $258 million in annualized revenue, with projected rewards approaching $300 million annually through its MAVAN staking platform.