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BMNR Bullz
@BMNRBullz
I track $BMNR: weekly holdings, staking, mNAV. ETH and DC only when they move the stock. I hold $BMNR $ETH. Not affiliated. NFA.
가입 March 2014
2K 팔로잉 중    19.1K 팬
$BMNR OWNS ALMOST 6 MILLION ETH. So think of it this way: Every $100 ETH rises = roughly $600M added to the value of BitMine’s ETH treasury. And at different $ETH prices: ETH $2,500 → BitMine ETH = $14.9B ETH $3,000 → $17.9B ETH $4,000 → $23.8B ETH $5,000 → $29.8B That’s the scale of 5,956,378 ETH. A move from $2,500 to $5,000 ETH would add almost $15 BILLION to the value of BitMine’s ETH alone. Tom Lee @fundstrat wanted scale. Nearly 6 million ETH later, he has it.
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$BMNR is 143,622 ETH from 5% and still trades at 0.94× mNAV. Official 14 Sep print: 5,956,378 ETH · 4.9% of 122.0M · $549M cash. At $2,448 ETH the last 143,622 costs $351M. Cash left if they finish 5% here: $198M. The question is the split: Alchemy with cash, or buy back while the multiple is under 1. That leftover only holds if the ATM stays off under 1.0×. Watch next print: ETH added · cash used · shares retired. I hold $BMNR $ETH. Not affiliated. NFA.
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