Daily Update | Premium Rate and Staking Summary of Major Coin Stocks

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2025-07-30 14:01

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Bitmine Announces $1 Billion Stock Buyback Plan, GameSquare Subsidiary CEO Involved in Memecoin Rug Pull Incident Steps Down Amid Pressure

Due to the recent frenzy of expansion and coin-buying among various listed companies in the market, the two common financing methods of PIPE (Private Investment in Public Equity) and ATM (At-the-Market Offering) have been widely used in crypto concept stocks or crypto asset reserve companies. These two financing forms have a direct and significant impact on the outstanding shares and shareholder value. The traditional stock market's data platform efficiency is slow, taking several days to update the additional shares and market cap. Currently, there is no complete and accurate real-time data available.

To keep readers up-to-date with the market, BlockBeats will continue to track the additional share capital information of various popular coin-stock concept companies in financing, manually calculate the market cap and crypto asset holdings of each company, and provide a more accurate mNAV value for reference.

Today's Coin-Stock Company Event Updates

BitMine

BitMine announced a $1 billion share buyback plan today. According to BitMine Chairman Tom Lee, "On our path to achieving ETH's '5% alchemy,' our best capital return expectation may be to repurchase our own shares." However, the latest financial report shows that the company's unrestricted cash is only $401.4 million, and the method of repurchase funding has not been announced.

Cathie Wood remains optimistic. Her Ark Invest purchased an additional 477,498 shares of $BMNR today. During the two-day price decline, they have continuously increased their holdings by a total of 1,050,351 shares.

GameSquare

Richard 'Banks' Bengtson, AKA FaZe Banks, announced yesterday that he would step away from the day-to-day management of FaZe Clan due to allegations of deceiving fans through the meme cryptocurrency MLG Coin. Critics say that he and other influencers heavily promoted this coin to their audience, and then insiders dumped it, a typical Rug behavior.
However, Banks insists that he lost over $100,000 in the token and never sold his holdings. He pointed fingers at Adin Ross in a leaked group chat. $MLG (Major League Gaming) was launched on Solana last year, with its name aiming to evoke nostalgia among gamers. In early 2025, Banks and Ross promoted it to fans and it quickly spread. The token's market cap once soared to $160M+, then collapsed, recently surged briefly again, but still has dropped over 90%.

Note: The parent company of the esports organization FaZe Clan, GameSquare, previously divested its remaining 25.5% stake in FaZe Media in April (FaZe Media is a subsidiary of FaZe Clan and owns FaZe Clan's media-related IP).