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B. Riley Flags Recovery Signs in Digital Asset Treasuries as BitMine Extends Ether Lead
Yahoo Finance·2025-11-12 20:48

Corporate digital asset deployment stayed muted week-over-week as deleveraging continued, but investment bank B. Riley said selling pressure eased amid optimism an end to the U.S. government shutdown would lift sentiment. Despite compressed market net asset values (mNAVs), buy-rated BitMine Immersion Technologies (BMNR) led accumulation, adding roughly $360 million in ether (ETH), the bank said in a report Wednesday. That increased its ratio to 11.2 ether per 1,000 shares, well above the 4.0 per 1,000 av ...