BitMine stock forms a rare bullish pattern as short interest hits 6%

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BitMine stock price remains in a tight range this week, even as Ethereum dropped to a multi-week low of $1,880. Summary BitMine stock has formed a large falling wedge pattern on the three-day ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitMine stock forms a rare bullish pattern as short interest hits 6%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-23 22:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/bitmine-stock-forms-a-rare-bullish-pattern-as-short-interest-hits-6/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BitMine stock price remains in a tight range this week, even as Ethereum dropped to a multi-week low of $1,880.\n\n\nSummary\n\n\n\nBitMine stock has formed a large falling wedge pattern on the three-day ...</p>\n\n<a href=\"https://crypto.news/bitmine-stock-forms-a-rare-bullish-pattern-as-short-interest-hits-6/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETHV","symbol_name":"以太坊ETF-VanEck","start_time":0,"source_url":"https://crypto.news/bitmine-stock-forms-a-rare-bullish-pattern-as-short-interest-hits-6/","article_id":"2613800277","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/bitmine-stock-forms-a-rare-bullish-pattern-as-short-interest-hits-6/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2613800277","pubTimestamp":1771857627,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"BitMine stock price remains in a tight range this week, even as Ethereum dropped to a multi-week low of $1,880.BitMine stock has formed a large falling wedge pattern on the three-day chart.It continued to accumulate ETH as it moved towards owning 5%.Data shows that the short interest has jumped to 6%.The BMNR stock was trading at the key support level at $20, down by almost 90% from its highest level in July last year.BitMine stock has wavered as the company has continued accumulating Ethereum . Data shows that the company has bought over 168,000 Ethereum tokens in the last 30 days, bringing the cumulative total to 4.7 million, which are currently worth over $8.3 billion.The company’s goal is to ultimately own 5% of ETH coins and generate a monthly return through staking. Data compiled by StakingRewards shows that the average staking return on Ethereum is about 2.9%, meaning that the company will be generating over $350 million in annual staking revenue.Therefore, the most likely BitMi","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETHV":"以太坊ETF-VanEck","BK4601":"加密货币现货ETF","EZET":"以太坊ETF-Franklin","03046":"华夏以太币","ETHW":"以太坊ETF-Bitwise","CETH":"以太坊ETF-21Shares","09009":"博时以太币-U","03009":"博时以太币","YETH":"Roundhill Ether Covered Call Strategy ETF","SETH":"1倍做空以太币期货ETF-Proshares","FETH":"以太币ETF-Fidelity","ETHD":"ProShares UltraShort Ether ETF","BK1611":"加密货币现货ETF","09179":"嘉实以太币-U","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","ETHE":"最大以太坊ETF-Grayscale","ETHI":"Defiance Leveraged Long Income Ethereum ETF","QETH":"以太坊ETF-Invesco Galaxy","BTF":"比特币&以太币期货ETF-CoinShares","03179":"嘉实以太币","09046":"华夏以太币-U","ETHT":"ProShares Ultra Ether ETF","BMNR":"BitMine Immersion Technologies Inc.","ETCO":"Grayscale Ethereum Covered Call ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF"},"translate_title":"随着空头兴趣达到6%，比特矿股票形成罕见的看涨模式","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EZET":0.69,"ETCO":0.6,"03046":0.69,"ETHV":0.69,"09046":0.69,"FETH":0.69,"ETHI":0.6,"ETHW":0.6,"ETHT":0.6,"ETU":0.6,"09009":0.69,"QETH":0.69,"03009":0.69,"09179":0.69,"ETHE":0.6,"ETHD":0.6,"BMNR":1.97,"BTF":0.6,"CETH":0.69,"03179":0.69,"SETH":0.6,"ETQ":0.6,"YETH":0.6},"content_text":"BitMine stock price remains in a tight range this week, even as Ethereum dropped to a multi-week low of $1,880.\n\n\nSummary\n\n\n\nBitMine stock has formed a large falling wedge pattern on the three-day chart.\nIt continued to accumulate ETH as it moved towards owning 5%.\nData shows that the short interest has jumped to 6%.\n\n\n\nThe BMNR stock was trading at the key support level at $20, down by almost 90% from its highest level in July last year.\nBitMine stock has wavered as the company has continued accumulating Ethereum (ETH). Data shows that the company has bought over 168,000 Ethereum tokens in the last 30 days, bringing the cumulative total to 4.7 million, which are currently worth over $8.3 billion.\n\n🧵1/   BitMine provided its latest holdings update for February 23th, 2026:    $9.6 billion in total crypto + \"moonshots\":– 4,422,659 ETH at $1,958 (@coinbase)   – 193 Bitcoin (BTC)   – $200 million stake in Beast Industries @MrBeast – $17 million stake in Eightco…— Bitmine (NYSE-BMNR) $ETH (@BitMNR) February 23, 2026\n\nThe company’s goal is to ultimately own 5% of ETH coins and generate a monthly return through staking.  Data compiled by StakingRewards shows that the average staking return on Ethereum is about 2.9%, meaning that the company will be generating over $350 million in annual staking revenue.\nBitMine also holds over $600 million in cash, which it has invested in short-term government bonds, which earn over 4%.\nAt the same time, Tom Lee has invested in other companies, including Beast Industries, the company owned by Mr. Beast. It offers numerous products, including chocolate bars and financial services. It recently acquired Step, a company that provides financial literacy solutions to young people.\nBitMine has access to more money to make investments as its shareholders recently increased its authorized shares to 50 billion. This means that it may issue additional shares to make these investments. \nThis performance, together with Ethereum’s track record of bouncing back, explains why top institutional investors have continued buying the stock. Some of the top holders of the BMNR stock are companies like Morgan Stanley, ARK Investment, BlackRock, Citadel, and Goldman Sachs. \nThe main risk facing the BMNR stock price is the ongoing Ethereum price crash and the rising short interest. Short interest jumped to 6%, meaning that many investors anticipate it to keep falling. \nBitMine stock price technical analysis\nBMNR stock chart | Source: crypto.news\nThe daily chart shows that the BMNR stock price has slumped in the past few months. This retreat has pushed it to move below all moving averages, a sign that bears have prevailed. \nA closer look shows that the stock has formed a giant falling wedge pattern. This pattern is made up of two descending and converging trendlines. A bullish breakout normally happens when the two lines are about to converge.\nTherefore, the most likely BitMine stock price forecast is bullish, with the initial target being at $35, its highest level in January this year. \n\n\n\n\n\n                You might also like:\n            \n\n                Top economist issues major warning on stocks, gold, silver, and crypto prices","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}