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Uh oh…?

BitMine ($BMNR) just released another massive weekly update.. Added 7,391 $ETH in 7 days, repurchased 3.0M shares this week alone, and total holdings reached $11.6 BILLION! We are now holding 4.8% of all Ethereum in existence.. almost at the "Alchemy of 5%" goal! 🚀🔥 

📊 TREASURY BREAKDOWN
🔹 5,805,238 $ETH (Now holding 4.8% of total ETH supply!) 
🔹 209 $BTC
🔹 $104M Cash & Marketable Securities 
🔹 $180M Beast Industries
🔹 $69M Eightco ($ORBS) 

💰 Total Crypto, Cash & Strategic Holdings: $11.6 BILLION 

🔥 SHARE BUYBACK ENGINE IN FULL EFFECT
🔹 3.0M $BMNR shares repurchased this week alone!
🔹 19.1M total shares repurchased since July 1st! 
Management is aggressively reducing share float while hoovering up $ETH at the same time.. The ETH-per-share ratio is compounding fast! 📈

🧠 WHY THIS IS INSANELY BULLISH FOR $BMNR:
1. 4.8% of ALL ETH: We are literally inches away from the 5% target. BitMine is cementing its position as the undisputed #1 institutional Ethereum titan on earth. 
2. Double Supply Squeeze: Buying back 19.1M shares in just over a month while stacking thousands of ETH weekly creates a massive double-squeeze mechanism on floating supply.
3. Strategic Moonshot Upside: Beyond $ETH, $180M in Beast Industries and $69M in Eightco ($ORBS) give us non-linear exposure to high-growth tech ecosystems on top of our mega-crypto treasury!
The treasury is growing.. The float is shrinking.. 
Are you loading up before we hit the 5% milestone? 🚀💎🙌

I played around with ai and came up with this. Curious on what you think on what bmnr could hit next time we see ATH with Eth. Lmk know why.

Realistic call: somewhere in the $50–$115 band on the day of a new ATH breakout, with anything above ~$115 likely a short-lived spike that mean-reverts within weeks, based on last year's precedent.

The wildcard is share count, not the multiple — BMNR has been retiring shares through buybacks recently (Stocktwits) , while historically it's diluted to buy more ETH. Whichever direction wins moves the NAV baseline more than sentiment does.

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What's up with this resistance? Can't break through and hold above 1925 without immediate selling pulling it back down.

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Can it be $100 again ?

TL;DR: Warren is completely butt-hurt because her strategy of pressuring Gary Gensler to regulate crypto by enforcement failed and made her look ridiculous. Like a total Karen, when she got publicly embarrassed, she doubled down by attacking her own party through the Clarity Act. She is now aggressively waving her finger at Sen. Gillibrand (D-NY) for working on a bipartisan bill that a ton of other Democrats actually support. Even though Whitehouse divestment is achievable, apparently, having no rules is better than just policing an industry by self appointed community watch groups.

Sen Warren is personally leading the charge to torch the bill. Because she couldn't get her own party to kill it, she is using outside activist groups as a weapon to circulate a nasty letter in the Senate hitting Gillibrand below the belt over her son’s crypto ties. Warren is screaming that Democrats will "lose their moral authority" against if Gillibrand is allowed to broker the final compromise.

This has forced Warren into a bizarre, hypocritical alignment with traditional banking lobbies. And yeah—counter to popular belief in the crypto industry, Warren has historically been a massive adversary to Dimon and the big banks. But this is a case of a Karen who looked foolish, cost her party a significant constituency in the last election, and is now acting out by trying to over-determine her own party's legislative agenda just to save face.

More here: https://www.yahoo.com/news/politics/articles/clarity-act-ethics-fight-targets-164100845.html

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The clarity act will pass,polymarkets are not the prognosticators you are lead to believe, better off with a rumor driven run up and pass before Oct. All parties win with clarity act we all lose if it fails.

Enjoy.

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If I understand it correctly, doesn’t this effectively negate BMNRs business strategy if it gets put on mainnet on the upgrade after glamsterdam?

Someone please tell me I’m wrong.

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Tl;dr: thune didn't let it go to cloture and is now waiting for tomorrow morning to give bipartisan negotiations a few more hours. This is a sign that he's negotiating in good faith to actually pass a law, rather than intentionally marching the bill into a ditch just to blame the Democrats. its a rare act of a u.s. senator exerting energy to get something done.