Bitmine (BMNR) Bitcoin Correlation

Name: Bitmine (BMNR) correlation to Bitcoin
Creator: Trade The Cycle

Bitmine (BMNR) closed at $25 with a correlation to bitcoin of 0.64, which is moderate positive correlation. That figure is measured on 90 days of daily returns as of Aug 26, 2026, and it moves as the window rolls forward.

Bitmine runs a digital-asset treasury alongside its mining operations, a structure that dates from 2025 and gives it a shorter public history than the other miners here.

Correlation measures whether two prices moved together, not whether one caused the other and not by how much. A company can hold bitcoin and still track it loosely, and a company that holds none can track it closely because both respond to the same conditions.