There’s a strong argument that @BitMNR is trading at a 1x NAV multiple TODAY. @fundstrat just said $BMNR is doing $100m of net income (from staking etc). Put a 25x PE multiple on that and its $2.5b of value plus the $2b of ETH they hold equals the $4.5b market cap before any additional buys.

There’s a strong argument that @BitMNR is trading at a 1x NAV multiple TODAY. @fundstrat just said BMNR is doing $100m of net income (from staking etc). Put a 25x PE multiple on that and its $2.5b of value plus the $2b of ETH they hold equals the $4.5b market cap before any additional buys.

Perhaps the most bullish chart in crypto @BitMNR

6/ $MSTR has shown, buying tokens - increased tokens/share $BMNR by 7th day (post-initial closing) - acquired $1 billion of ETH - MSTR acquired $250 million in same timeframe That is all!

I legitimately think being in crypto for over a decade is equivalent to 3 seasons of head trauma in the nfl

Permissionless IV Playback: Unpacking the Token Acquisition Vehicle Meta Featuring: @fejau_inc @fundstrat @David_Grid @CryptoIRGuy

Great thread on $ETH and @BitMNR from @fundstrat that’s worth a read 👇🏻

🧵on ethereum 1/ $ETH +22% past month but down -9% YTD ETH rangebound since 2021, but the rise of stablecoins $CRCL $USDT and Wall Street tokenizing real-world assets is driving up demand for ETH = upside ....please read on $BMNR DAT @BitMNR

Now that banks can trade crypto and their asset mgmt clients can classify it as a currency your going to see a lot of FX money looking for higher vol/returns move into the asset class. Saylor opened BTC up to equity and debt mandates now banks are opening it up to FX.

Now that banks can trade crypto and their asset mgmt clients can classify it as a currency your going to see a lot of FX money looking for higher vol/returns move into the asset class. Saylor open BTC up to equity and debt mandates now banks are opening it up to FX.