$BMNR is doing exactly what an ETH treasury equity should be doing today.
ETH: +2.11%
BMNR: +5.66%
And even after that move, BMNR still hasn’t reached NAV.
ETH: $2,459.74
BMNR: $24.10
NAV/share: $24.97
mNAV: 96.5%
That still leaves BMNR trading at roughly a 3.5% discount to common NAV.
Does parity finally break today?
$BMNR $ETH