Ryan

metaverse minimalist

[Ryan @ryantropy]

@BMNRTracker Love to see it. But…

How are they raising 9figs/wk if mNAV < 1?

[Ryan @ryantropy]

@based16z How’s his track record?

[Ryan @ryantropy]

@BMNRTracker Close

[Ryan @ryantropy]

@okanaksoy54 @BitMNR @BMNRTracker @FarsideUK

[Ryan @ryantropy]

@Kira_Crypto247 @BitMNR @BMNRTracker @FarsideUK 🦍🤝🦍

[Ryan @ryantropy]

@0xburakcem @BitMNR @BMNRTracker @FarsideUK

[Ryan @ryantropy]

@BMNRTracker Love to see it

I feel like you can see in the chart ~ 1 hour ago where BMNR raised a bit ATM. Ha

[Ryan @ryantropy]

@IvanBullish @BitMNR @BMNRTracker @FarsideUK

[Ryan @ryantropy]

@Enzoxbtc @BitMNR @BMNRTracker @FarsideUK gm

[Ryan @ryantropy]

@gatzyxx @BitMNR @BMNRTracker @FarsideUK gm

[Ryan @ryantropy]

@Dany_Crypto1 @BitMNR @BMNRTracker @FarsideUK

[Ryan @ryantropy]

@jordanovweb3 @BitMNR @BMNRTracker @FarsideUK u r 2 kind

Too a long break from covering the ETH DATs, but bullish that story isn’t over as we start 2026.

[Ryan @ryantropy]

@remiaxyz @BitMNR @BMNRTracker @FarsideUK Same. It was oversold.

I also think there’s some reflexivity between the ETF purchases and Bitmine purchases. If one of them can pick up again, the other will too.

[Ryan @ryantropy]

@BMNRTracker

[Ryan @ryantropy]

@ryhirsch @BMNRTracker True, but they also have more ETH!

[Ryan @ryantropy]

@BMNRTracker Still have ~ $1b cash to help make it happen.

… but it doesn’t look great. 🥶

[Ryan @ryantropy]

@BMNRTracker

[Ryan @ryantropy]

@BMNRTracker That would be great. Researching. :)

Just dm’d.

The calc is simple and it’s clear the shares is the only ‘debatable’ piece.

[Ryan @ryantropy]

@BMNRTracker Got it! Thank you.

Tried for myself… The difference below is probably ETH & $BMNR price moves and rounding.

$BMNR Price: $30.82
$BMNR Shares: 421.5m
$BMNR mcap: $12.99b
ETH value: $11.71b
BTC value: $0.02b
Cash value: $1.00b
Other value: $0.04b
Total NAV: $12.77b
mNAV: 1.02