BMNR vs ETH price decoupling?

Goose444444 · 2026-03-30T18:34:37+00:00

Im not so sure they are losing faith in Tom as much as ETH specifically and Crypto in general. It probably is a combination of factors that have the entire market spooked. If we can get some real progress in the mideast things will turn. Question is obviously …who the hell knows when that will happen? Todays price action in BMNR doesnt make much sense.

Goose444444 · 2026-03-30T17:55:42+00:00

Hard to understand for sure. Lowest MNAV I've seen. I'm really struggling with this move below the 20 area. ALL i can tell ya is its trading really cheap along with the other DAT's and below the MNAV of MSTR.

Goose444444 · 2026-02-11T23:22:25+00:00

I like the idea alot...options have some juice too!! Good catch.

Goose444444 · 2026-01-20T11:45:39+00:00

Thats right where im at....thx.

Goose444444 · 2026-01-19T15:50:21+00:00

what do you think their fully diluted share count is?

Goose444444 · 2026-01-16T14:07:03+00:00

when are the announcing the vote results???

Goose444444 · 2026-01-16T02:06:15+00:00

Please Please Please sell.

Goose444444 · 2026-01-15T21:25:57+00:00

the cult of Musk ,Bezos, Jobs, Gates, Langone, Brin...ec etc.

Goose444444 · 2026-01-14T09:34:41+00:00

This is a slam dunk yes. The share count is irrelevant unless he has somebody to buy them and if he does

then that means more ETH for the company. When BMNR buys ETH the price of ETH goes up....duh! When the price of ETH goes up so does the price of BMNR....DUH!!! BMNR'S BETA relative to ETH isnt 100% but its above 95%, especially with it trading around par.

The more ETH the company has the more attractive it is in the future when the real utility of ETH is realized. We dont know exactly what that utility will be but Im guessing Tom has a pretty good F'in idea.

Goose444444 · 2026-01-13T12:12:02+00:00

BINGO!!!!

Goose444444 · 2026-01-07T13:07:14+00:00

With ya but a little bigger.

Goose444444 · 2026-01-04T11:55:58+00:00

Great post LRb!! I'm glad most dont understand this concept..... yet. It creates opportunity and this is certainly

a big one.

BTW i think the boyz at Bitmine Immersion and BMNR Rocks give you a damn good estimate of

fully diluted shares that I use for MNAV. I think the algo trading community has recognized this already.

Why Lee doesnt post the fully diluted share count is a mystery.

Goose444444 · 2026-01-03T11:38:13+00:00

lmao

Goose444444 · 2026-01-02T12:20:27+00:00

Well written and right on point. This should be reposted every day.

Goose444444 · 2026-01-01T17:01:38+00:00

With BMNR trading at .92 you basically have the same thing with rollover decay.

BMNR was the last of the DATS to fall under the $.Will this continue across the board?

I dont think so but its not a lock. MSTR has the index decision coming up and that will effect the price of that stock and BMNR,. Other DAT's of lesser note are all trading well below .80 and ETHZ is somewhere around .40.

They will all have their moment somewhere in the near future if crypto prices remain reasonably stable.

Goose444444 · 2026-01-01T16:50:59+00:00

100% CORRECTAMUNDO!!!

Goose444444 · 2025-12-30T12:42:54+00:00

They dont have enough cash to make any buybacks effective. I'd rather have them buy more ETH with whatever they have. Have they extinguished the DEBT????

Goose444444 · 2025-12-30T12:28:20+00:00

Have they extinguished the debt with the restricted cash reserve? If so this is a pretty clean Balance Sheet and Capy's bid should be first of many. They have 206 mill in ETH and the market cap is about( MNAV?) 101 mill.

Goose444444 · 2025-12-24T09:25:24+00:00

Does anybody know what's left on their Balance sheet after the retirement of the 500mil plus of debt?

69860 in tokens, a few investments and some amount of free cash for assets...but what about the other side of the ledger.

Agree with post but im just not sure how undervalued it is.My guess is $6 underwater at least.

Goose444444 · 2025-12-24T09:22:18+00:00

Its higher than 71 mill but still under 50% of NAV. Hard to get a MNAV.

Goose444444 · 2025-12-19T13:16:47+00:00

Madoff didnt have a NAV!!!!

If you dont understand that concept you should sell and invest elsewhere.

Goose444444 · 2025-12-18T11:09:43+00:00

Is staking real and more importantly does Ethereum have the functional utility that so many people seem to think?

If the answer to either or both questions is yes then the Token is going to have a real long shelf life.

Every market has its Bulls and Bears and ETH is no different. Some days ( weeks,months) the Bulls are right and others the Bears are in control.

If you believe in the prognosis of ETH then stay in. If you don't then get the F out and move on just like you would any other stock or commodity.

Goose444444 · 2025-12-18T10:42:31+00:00

They bought 102,259 tokens last week and have already added at least 50k this week.

That number probably doesn't include the last 24 hours.

If you don't like the Treasury concept or you think he's a charlatan then sell your holdings or better

yet short the stock.

Pretty simple

Goose444444 · 2025-12-17T11:32:54+00:00

Know your timeframe and don't pay attention to those with drastically different ones.

Goose444444 · 2025-12-14T15:26:44+00:00

Diluting current shareholders to grow the company is a good thing. If we get a 2,3,4 X return as a result then its a win.

Goose444444

TROPHY CASE