The intersection of AI supply chain and "Ethereum treasury," funds are pouring into these two major super narratives
In the current macro investment environment, smart money is no longer confined to a single lane of fierce competition but is beginning to engage in cross-sector "extreme thematic allocation."
Recently, the linkage between U.S. stocks and the cryptocurrency market has presented a marvelous landscape: on one side, the global semiconductor IP giant ARM's stock price soared to $306, setting a historical high, representing a maximum bet on AI agents and data center computing power; on the other side, the so-called "Ethereum version of MicroStrategy" BMNR is crazily attracting capital in the U.S. stock market, with its ETH holdings surpassing the epic threshold of 5 million coins.
These two assets, one is the absolute "water seller" of the AI era, and the other is the "leverage amplifier" of the cryptocurrency bull market. They frequently appear on the watchlists of global high-end quantitative traders and whale investors, becoming the ultimate twin stars capturing the dual dividends of technology and blockchain.
AI computing's absolute monopolist, what supports ARM's $32 billion market value?
As a leading global semiconductor IP design company, ARM is fully dominating the underlying logic of the AI era:
Light asset "easy profit" model: ARM does not manufacture any chips but charges royalties by licensing CPU/GPU architectures (such as the newly launched Arm AGI CPU) to Apple, Qualcomm, and NVIDIA. This light asset model, which has achieved a staggering $4.92 billion in TTM revenue, results in an incredibly high gross margin.
Doubling data center royalties: The latest financial report released in May shows that ARM's revenue has exceeded $1 billion for four consecutive quarters, with AI-driven data center business directly doubling its royalty income. Wall Street's top investment bank Bernstein has set a target price of $300, calling it the "general underlying platform for AI computing."
From mining enterprises to "ETH treasury," BMNR's "5% alchemy" totem
If ARM relies on technological hard power, then BMNR employs the highest-level financial engineering:
Ethereum version of MicroStrategy: BMNR has completely transformed into an "Ethereum treasury strategy" company, aggressively accumulating ETH through frequent stock issuance, with its holdings now soaring to over 5 million ETH (total asset value once reached $13.1 billion), controlling over 4% of the global ETH supply! Its ultimate goal is to "alchemy of 5%" strategically devour 5% of the world's ETH.
Earning extra alpha through staking: Compared to MicroStrategy that only hoards BTC, BMNR cleverly uses its launched MAVAN infrastructure to stake ETH, netting nearly $200 million to $400 million per year in high-margin staking interest. BMNR is now included in the Russell 1000 large-cap index screening list, and passive buying from Wall Street's main funds is on the way.
【New coin trading competition】Two major U.S. stock champions' perpetual contracts launched, with a prize pool of 20,000 USDT waiting for your share
Since these two assets represent the current highest volatility and narrative in U.S. stocks, Huobi HTX has launched ARM/BMNR USDT perpetual contracts, offering a trading party with a prize pool of $20,000.
This means you don't need a U.S. stock account; you can directly leverage with USDT to capture arbitrage dividends between U.S. stocks AI and ETH!
⏰ Event Duration: May 25, 2026 15:00:00 - June 1, 2026 15:00:00 (UTC+8)
Designated contract: ARM/BMNR USDT perpetual contract full margin
👉 [Sign up now: Derivative bonuses, one-click short/long U.S. stocks]
https://jump.do/zh-Hans/xlink-proxy?id=4
🎁 Benefit one: No threshold freebie! Sign up to receive a 1,200 USDT contract free position
Conditions for eligibility: Complete KYC Level 1 verification, and have a contract U base account asset ≥ 100 USDT at the time of registration. Limited to 1,000 airdrops, first come first served! (Please make sure to update the APP to the latest version)
🚀 Benefit two: New contract partners receive $3 HTX on first transaction
During the event, engage in your first-ever contract trading, with a trading amount ≥ 100 USDT, and directly receive an equivalent cash airdrop of 3 USDT (total prize pool 6,000 USDT).
🏆 Benefit three: Trading leaderboard party, meet the standards to share $14,000 HTX
Accumulate an effective trading amount ≥ 5,000 USDT to continuously absorb capital based on rankings and proportions:
🛡️ Operator real-world arbitrage and risk control guide
Using the 1200U free position to hedge volatility: BMNR has extremely high volatility (52-week range from $3.92 to $161.00), and due to its valuation being highly anchored to ETH prices and a historical pattern of dilution from extensive stock issuances, it is prone to wild fluctuations. It is highly recommended to use the offered 1200 USDT free position to gamble on short-term breakouts of BMNR; even if faced with significant pullbacks, you will be entirely protected on capital.
ARM's right-side long logic: ARM repeatedly reaches historical highs around $306; its royalty model provides very solid cash flow. If the U.S. stock market continues to be AI-driven, positions can be built gradually on HTX, but since its TTM price-to-earnings ratio (P/E) has surpassed 350 times, remember to keep the position size of a single contract within 10% of total assets and implement strict stop-loss measures.
Sign up before opening positions: Please ensure to log in and visit the event page to activate the registration status; otherwise, the system will not be able to calculate your effective contract trading volume!
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