I think
$BITMINE IMMERSION TECNOLOGIES INC(BMNR)$ crossing 6 million ETH is a significant milestone, especially with roughly 84% of its holdings already staked. The combination of ETH price exposure and staking income makes this strategy quite different from simply holding crypto on the balance sheet.
The biggest thing to watch is whether BitMine can reach its 5% target without taking on excessive concentration or financing risk. ETH now makes up most of its crypto & other holdings, so the strategy could amplify both gains & losses. I want to see whether staking yields remain attractive as the treasury grows.
I find the model interesting, but I would still treat BMNR as a high-risk crypto treasury play rather than a traditional investment. If ETH continues to grow & staking remains productive, the model could become increasingly interesting. I will be watching the remaining ~104,000 ETH & the pace of accumulation closely.
@Tiger_comments @TigerStars @TigerClub @WallStreet_Tiger
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments