Overview
- BMNR rose 13.88% to close at $23.39 on Monday after disclosures tying the company to OpenAI exposure and a faster Ethereum accumulation pace.
- BitMine led a $125 million funding round for Eightco with a $75 million investment, after which Eightco deployed $50 million into OpenAI equity, creating indirect exposure.
- The company said it bought 60,999 ETH last week, including 5,000 purchased from the Ethereum Foundation, bringing total holdings to 4,595,562 ETH.
- BitMine disclosed an $80 million stake in Eightco that outlets now estimate at roughly $83 million following the OpenAI investment news.
- Management reports about $1.2 billion in cash reserves for additional ETH purchases as it uses staking-driven liquidity to fund targeted AI investments.