Jul. 3 at 5:09 PM
$BMNR You can mark this post now because neither analysts, nor the street have noticed this - BMNR is using the windfall of internal and custodial MAVAN staking to lower their basis cost. It has dropped 10% already to
$1569 per. This is causing an mNAV imbalance. Their holdings are not only green rn but how does the bearish thesis hold when their average hits under 1000$? Short answer, it doesn’t. The cost basis could foreseeable hit below 500$ in the next couple of years.
