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Bitcoin miner turned Ethereum treasury firm stakes over $6B in ETH as BMNR shares slide and ether dips.

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Tom Lee sees bitcoin rebound, ether bottoming below $1,800

Bitmine Immersion Technologies (BMNR) on Monday reported purchasing nearly 51,000 more ETH tokens last week, increasing its holdings to 4.474 million.

“In the midst of this ‘mini crypto winter,’ our focus continues to be on methodically executing our treasury strategy and steadily acquiring ETH and in turn, optimizing the yield on our ETH holdings,” said Chairman Tom Lee.

The company said it now has 3,040,483 ETH staked, worth about $6 billion at current prices. Lee said annualized staking revenue stands at $172 million. At full scale, staking rewards could reach $253 million annually based on a 2.86% yield over the last seven days, Lee continued.

The company holds 4,473,587 ether (ETH), valued at $1,976 per token, along with 195 bitcoin and $868 million in cash, as well as a $200 million stake in Beast Industries and a $14 million investment in Eightco Holdings. Bitmine said its ether position represents 3.71% of Ethereum’s 120.7 million token supply.

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Lee added that the firm is developing its Made in America Validator Network, or MAVAN, a staking platform slated for launch in early 2026. Bitmine said it is working with three staking providers as it builds the network.

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Crypto World

Iran Conflict and Economic Data: Events in Focus for 2-6 March

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Iran Conflict and Economic Data: Events in Focus for 2-6 March

Let’s discuss three upcoming events that may impact market activity across currencies, equities, and commodities.

✔️Washington and Israel struck Iran, the supreme leader of Iran Ayatollah Khamenei was killed. Iran retaliated, escalating tensions.

Oil jumped over 8%, global stocks fell, and so-called safe-haven assets rose. A Strait of Hormuz disruption could push oil sharply higher and increase recession risks (in our previous video, we outlined possible scenarios if US–Iran tensions escalate further.

✔️ The US Nonfarm Payrolls and Unemployment Rate will arrive on 6 March.

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January’s strong jobs data pushed rate-cut expectations further out and caused a mixed market reaction. This week’s report could drive sharp moves in major USD pairs and US stock indices.

✔️The ISM Manufacturing PMI and ISM Services PMI will be released on 2 March and 4 March, respectively.

Following the first expansion signal in US manufacturing activity in twelve months — and the strongest improvement since 2022 — the upcoming ISM Manufacturing PMI release may become an early-week catalyst for US dollar positioning.

January’s ISM Services PMI confirmed resilience in the dominant sector of the US economy, and another strong reading would reinforce expectations that Federal Reserve policy will remain restrictive for longer, underpinning the USD.

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Traders should stay alert — disciplined risk management will be key in the days ahead.

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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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Northern Trust Launches Tokenized Treasury Money Market Fund Share Class

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BIS, BlackRock, RWA, RWA Tokenization

Northern Trust Asset Management has launched a tokenized share class of its NIF Treasury Instruments Portfolio, marking its entry into the digital assets market, according to the company. 

The structure uses distributed ledger technology to maintain a digital mirror of share ownership, while the underlying portfolio continues to invest in short-term US Treasurys.

According to Monday’s announcement, the shares will initially be offered through BNY’s LiquidityDirect platform, which operates on Goldman Sachs’ Digital Asset Platform. The fund itself does not use blockchain technology or invest in crypto assets. Instead, authorized intermediaries are expected to maintain a blockchain-based mirror of ownership records for clients.

The NIF Treasury Instruments Portfolio invests in a diversified pool of short-term US Treasury instruments and seeks to maintain a $1.00 per-share value, though it is not FDIC-insured and may lose value.

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