BitMine is trading below gross NAV
$ETH: $2,674.08
$BMNR: $26.55
NAV/share: $27.19
Gross mNAV: 0.98x
BitMine holds 6,001,302 ETH worth $16.05B, with 5.07M ETH already staked and projected annualized staking revenue of $358M.
At today’s valuation, the market is pricing the treasury at a 2.4% discount while assigning no premium to the staking operation.
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