BMNR · Bitmine Immersion Technologies, Inc.Bitmine Immersion Technologies, Inc.
📋 Original thesis to acquire 5% of ETH supply and compound returns undermined by redirecting $200M to a YouTuber's chocolate bar company
Original thesis to acquire 5% of ETH supply and compound returns undermined by redirecting $200M to a YouTuber's chocolate bar company.
Evidence & details
- +Company redirected $200M into a YouTuber's chocolate bar company before acquiring 5% of Ethereum supply.
- ⚡Misallocation of capital away from core strategy
- −Management may continue to make poor capital allocation decisions
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Post Timeline · 2 posts
@fedex774 Yes it’s the same with other stocks like $BMNR. If the goal investors supported was to acquire 5% of $ETH supply and compound return through staking + token appreciation. Then the company redirects $200M into a YouTuber’s chocolate bar company before even acquiring 5%…
Thesis: Original thesis to acquire 5% of ETH supply and compound returns undermined by redirecting $200M to a YouTuber's chocolate bar company.
This is actually real $BMNR: ->convince investors to give you funds to buy 5% of Ethereum supply -> call it “The Alchemy of 5%” -> say “Ethereum is going to 10k+” -> divert $200 Million of investor funds into Mr. Beast’s chocolate candy bar company. https://t.co/…
Thesis: Post describes a scheme where BMNR allegedly diverted investor funds intended for Ethereum investment into a chocolate company, implying potential fraud or mismanagement.
$BMNR is an ETH holding company and buying at ATH is fomo; best entry was lower.
source ↗Ethereum and BMNR are terrible longs; author sold ETH at $4k+ after buying at $1600.
source ↗Recommends selling ETH at $3900 and avoiding BMNR because it tracks ETH and ETH is overvalued above $3000.
source ↗The author provides ratings (Strong Buy, Buy, Sell, Strong Sell) with brief explanations for each stock. Overall sentiment is mixed: bullish on names like RDDT, SNAP, AMZN, ETOR, NBIS, LTC and several others with specific catalysts; bearish on TSLA, CRCL, PLTR, BMNR, and quantum/AI hype stocks as overvalued or cult-like.
source ↗Author presents a comprehensive trading plan for rate cut week, recommending longs in neocloud, semiconductors, and select other stocks while selling overvalued quantum, space, and crypto assets. Key macro view: market fear is an ideal entry point ahead of expected rate cut.
source ↗Compares crypto-exposed holding companies: BMNR is worse than holding ETH, MARA is a mix of BTC and mining, MSTR is an exception due to BTC accumulation and potential US government nationalization.
source ↗MSTR and BMNR have suffered severe declines in the recent deleveraging shock, and ETH is a poor long above $4k as network usage does not drive price.
source ↗L2 scaling (blobs, EIP-4844) decouples Ethereum network usage from ETH token value accrual, making ETH/BMBR a poor investment above $4K despite network growth.
source ↗The original investment thesis for ETH (more usage -> higher price) is broken due to L2s and EIP-4844 shifting value away from L1, making ETH token and BMNR holding vehicle unattractive.
source ↗Ethereum's scaling via L2s and blob improvements reduce fee burn and value accrual to ETH, making ETH a poor investment.
source ↗Post-Fed rate cut analysis provides stock ratings with explanations: Strong Buy on stablecoin, semi, and growth plays; Buy on AI infrastructure and select recovery plays; Avoid on overvalued or fundamental-less stocks.
source ↗A comprehensive set of stock ratings for 2026, focusing on recovery plays from tax-loss harvesting and sector tailwinds in AI, semiconductors, data centers, and defense, while avoiding overvalued quantum and retail names.
source ↗Post describes a scheme where BMNR allegedly diverted investor funds intended for Ethereum investment into a chocolate company, implying potential fraud or mismanagement.
source ↗BMNR's investment in a chocolate bar company is nonsensical and undermines its stated strategy of investing in Ethereum.
source ↗BMNR diverted investments from Ethereum holding to a chocolate bar company, indicating a change in strategy that may be negative for investors.
source ↗Personal stock ratings with detailed commentary: Strong Buy on 14 stocks (SNAP, META, MU, TSM, etc.) citing catalysts like memory supercycle, bottlenecks, and AI tailwinds. Buy on 32 stocks including COIN, SMCI, GOOGL, and several crypto and drone plays. Questionable on VELO and SKYT due to weak fundamentals. Avoid on 11 stocks (UAVS, BKKT, PLTR, etc.) due to dilution, high debt, or overvaluation. Overall bullish on AI, memory, bottlenecks, made-in-America supply chains, and defense, with a long-term view until after midterms.
source ↗Market liquidation cascades from silver crash and hawkish Fed nomination fears, but overall fundamentals remain bullish with expected rate cuts and AI growth. Recommend repositioning to FCF-generating names and being cautious on speculative high-beta names.
source ↗Robinhood users are holding overhyped stocks (HIMS, DUOL, BMNR, CRWV, ASST) that are likely to drop 50-70%+ as market conditions sour.
source ↗Original thesis to acquire 5% of ETH supply and compound returns undermined by redirecting $200M to a YouTuber's chocolate bar company.
source ↗No qualifying thesis event for 45+ days.