Jul. 20 at 6:33 PM
🚨CATALYST ALERT
$ETH.X prices rallied higher this weekend, so here are the 4 Ethereum treasury plays that have the most ETH exposure:
$BMNR: their Ethereum hold is worth 48% of their market cap. Their Beta:Ethereum ratio is 1.4 (highest) on 300,000+ ETH
$BTBT: their Ethereum hold is worth 26.4% of their market cap. Their Beta:Ethereum ratio is 1.31 on 120,000 ETH.
$BTCS: their Ethereum hold is worth 19.6% of their market cap. Their Beta:Ethereum ratio is 1.33 and they hold 29,122 ETH.
$EXOD: their Ethereum hold is worth 3.3% of their market cap (They have a MASSIVE Solana exposure). Their Beta:Ethereum ratio is .88 on 2,729 ETH.
Numbers are mostly from CoinGecko, some from 8ks, some from company PRs. The speed in which many of these companies are adding Ethereum makes the numbers hard to nail down. By tomorrow they’ll be different. Others to watch: NVVE, GAME, FLGC, BTCM, SBET of course….
High risk, every one of these guys wants to drop an offering to raise more $ for crypto