BMNR · BitMine Immersion Technologies, Inc. · Stock research

COIN

Coinbase Global, Inc.

Contested CLARITY Act market-structure vote is the swing factor: Bessent, Trump and Goldman push a pre-August-recess Senate floor vote while Warren and Dimon fight it (Polymarket ~35% for 2026 passage). COIN bounced on the momentum straight into a Q2 earnings blackout with crypto sentiment washed out at 12-month lows — a contested binary to watch, not chase into the vote.

CRCL

Circle Internet Group, Inc.

OCC trust-bank approval (2026-07-10) round-tripped in three sessions to $60.46, below the $63 pre-news close — best-case catalyst delivered and rejected. Open USD's 140-firm consortium plus the Hyperliquid deal attack the ~80%-NII model; Mizuho cut to $50, Raymond James opened at Market Perform. Narrative repricing, not accelerating; Q2 print ~2026-08-11 is the binary.

MSTR

Strategy Inc

Bitcoin-treasury flywheel is running in reverse and now public: sub-NAV mNAV (0.62x, 7/6) means new equity destroys BTC-per-share, and Strategy raised $730M over two weeks buying zero bitcoin (7/20). MSTR broke $100 support 7/24 with an analyst mapping $30; the 7/30 Q2 print, one day after FOMC, is the binary into a crypto drawdown.

GLXY

Galaxy Digital Inc.

Legacy crypto-financials name re-rating to AI-data-center landlord: Phase I ~200MW at the Helios campus was delivered to CoreWeave on 2026-07-06, turning the ~$4.5B/15-yr lease from promise into live contracted revenue while shares still carry a crypto multiple. The re-rate is the leg to own, but price must reclaim ~$31 to confirm and an unpriced 265M-share registration caps rallies until absorbed.