Jul. 10 at 7:56 AM
$BTCS Think it's the same as shorting
$BMNR ?....valuation is MUCH closer to NAV.
They will raise money to buy
$ETH.X and mcap will be closely tied to their value of ETH.
Shorting here you are shorting ETH. They are not at a massively overinflated xNAV valuation.
This company survived the regulatory witch hunt around crypto. He's been building the company for years. CEO owns 39m shares, why would he dilute himself into oblivion?
They are one of the few treasury companies that is not a bandwagon jumper. It is different to
$BMNR in every way.