
The crypto treasury trade is showing cracks today, and the split between the two flagship equities is wider than the moves in the coins they hold. The Invesco QQQ Trust (NASDAQ:QQQ) is unchanged at $717.
Bitmine Immersion Technologies, Inc. is a blockchain technology company primarily in the United States. The company is headquartered in Las Vegas, Nevada.
| Revenue (TTM) | $61.20M |
| Gross Profit (TTM) | $51.67M |
| EBITDA | $-294.06M |
| Operating Margin | 8.42% |
| Return on Equity | -150.90% |
| Return on Assets | -3.17% |
| Revenue/Share (TTM) | $0.17 |
| Book Value | $20.01 |
| Price-to-Book | 1.38 |
| Price-to-Sales (TTM) | 246.14 |
| EV/Revenue | 255.19 |
| EV/EBITDA | 32.14 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 2168.00% |
| Shares Outstanding | $603.23M |
| Float | $594.47M |
| % Insiders | 0.66% |
| % Institutions | 41.41% |
Volatility is currently expanding

The crypto treasury trade is showing cracks today, and the split between the two flagship equities is wider than the moves in the coins they hold. The Invesco QQQ Trust (NASDAQ:QQQ) is unchanged at $717.

Crypto treasury stocks are outrunning a firmer tape at midday. The iShares Bitcoin Trust ETF (NASDAQ:IBIT) is up 5% to $45.88, while the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 1% to $772.97.

Eightco treasury composition as of September 2, 2026: $90M OpenAI equity (indirect), $18M Beast Industries equity, 16,278 ETH, nearly 302 million WLD holdings, and $122M cash and equivalents, totaling approximately $380 million Eightco recently repurchased over 25 million shares of common stock in the last month under its previously announced $125 million share repurchase program Eightco previously participated in World Foundation's $52.5M funding round, led by Pantera with participation from Bain Capital Crypto, Selini Capital, Susquehanna Crypto, and additional investors Eightco provides indirect exposure to some of the most innovative private companies including OpenAI and Beast Industries EASTON, Pa., Sept. 3, 2026 /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco" or the "Company") today provided an update on its total holdings, highlighting its position across digital assets and strategic investments in leading private technology companies.

Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) sit essentially flat this Tuesday morning, yet the equities tied to them are opening sharply lower.

Bitmine Immersion Technologies offers asymmetric risk-reward as a digital asset treasury proxy, now trading at ~1.18x–1.20x P/B with downside cushioned by liquid assets. BMNR's MAVAN staking infrastructure generates $367M–$390M+ in annualized pretax income at 87%–97% gross margins, supporting preferred dividends and share buybacks. With dilution largely behind, BMNR nears its 6M ETH accumulation target, positioning for NAV accretion and institutional inflows post-NYSE uplisting and Russell 1000 inclusion.

Crypto-linked equities are climbing midday Monday even as Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) trade lower over the past 24 hours.

Crypto-linked equities are outrunning the coins in Tuesday morning trade. The CoinShares Bitcoin Mining and Digital Power ETF (NASDAQ:WGMI) is up 4% to $46.55, while the iShares Bitcoin Trust ETF (NASDAQ:IBIT) is up 0.6% to $44.92.

Bitmine Immersion (NASDAQ:IMMR) Technologies (NYSE:BMNR) shares rose more than 7% on Monday after the company disclosed a holdings update showing total crypto and "moonshot" investments valued at $14.9 billion as of August 24, 2026. The company said it has staked more than 5 million ETH, with holdings of 5,847,611 ETH valued at $2,440 per token, according to Coinbase pricing cited by the company.

BitMine stock jumped to $20.85, its highest level since May 15, up sharply from the year-to-date low of $12.54. This rebound happened as Ethereum price jumped above the crucial resistance level of $2,000 amid a crypto resurgence.

Tech stocks are generally in the red this morning, but cryptocurrency stocks are deep in the green.
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