ETH is back above $2,500 and BMNR is up 3.6% today.
And even after that move, BMNR still hasn’t reached NAV.
ETH: $2,506.30
BMNR: $24.76
NAV/share: $25.96
mNAV: 95.4%
That still leaves BMNR trading at roughly a 4.6% discount to NAV.
How long does that discount last if ETH keeps moving higher?
$BMNR $ETH