Compare/Updated Oct 26, 2026, refreshed every trading day
SBET vs BMNR
Sharplink, Inc. against Bitmine Immersion Technologies, Inc.: 3 years of returns, risk and today’s technical read, from Kavout’s own data.
BMNR did better over the full 841-trading-day period: $1,000 invested on July 19, 2022 grew to $687, versus just $66 for SBET. BMNR also had the stronger three-year return, +13.2% versus SBET’s -81.8%, although both stocks declined over the past year, with BMNR down 53.4% and SBET down 43.2%. The outperformance came with substantial risk. BMNR’s 12-month volatility was higher at 89.9%, compared with 78.2% for SBET, while its worst drawdown was less severe: -95.4% versus SBET’s -98.5%. Recent performance was mixed: BMNR led over one and three months, while SBET led over six months and year to date. Their latest 12-month correlation was high at 0.903, limiting diversification benefits.
- Price is above its 200-day average ($7); 50-day at $9.
- RSI 41, neutral. Supertrend says sell. ADX 22, so the trend is developing.
- Price is above its 200-day average ($21); 50-day at $24.
- RSI 43, neutral. Supertrend says sell. ADX 24, so the trend is developing.
Head to head
Which has returned more, SBET or BMNR?
SBET beat BMNR in 22 of the last 48 months; BMNR won the other 26. The typical monthly gap was 12.11 points.
Total return by period
Which is riskier?
SBET: Aug 17, 2022 to Apr 22, 2025; BMNR: Jul 20, 2022 to Oct 18, 2024
- 0.110
- correlation of daily moves, 3 years
- 0.33
- SBET move per 1% in BMNR
- 0.903
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 12.11 points.
When did they diverge?
| Month | SBET | BMNR | Gap |
|---|---|---|---|
| May 2025 | +2224.2% | +120.6% | +2103.65 pts |
| June 2025 | -87.0% | +125.9% | -212.99 pts |
| November 2024 | -11.6% | +85.0% | -96.56 pts |
| July 2025 | +89.4% | +2.2% | +87.24 pts |
Where the numbers come from. 841 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with SBET and BMNR?
- Price
- $7.63
- Price
- $22.40
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