Crypto equities are weird right now — COIN ran up on regulatory clarity around stablecoins, and that same dynamic keeps Circle in play as the USDC issuer. But BMNR’s balance sheet stuff is wild: billions in ETH and staking plans give a treasury angle no other listed crypto firm matches. I’m watching how stablecoin laws affect Coinbase and Circle revenues, and whether BitMine’s ETH accumulation ends up outperforming pure exchange plays.
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