Bitmnr

Tom Lee's BitMine ETH Portfolio Shows $10B Unrealized Loss; Saylor's Strategy BTC Down $12.5B

WEEKLY ROLLUP: Crypto Bloodbath…How Much Lower Will Crypto Go? $BTC is bleeding, $STRC is off peg, and @saylor's “never sell” machine is facing its first real confidence test. @TrustlessState and @hosseeb unpack whether @Strategy can survive without selling BTC, why @BitMNR's $ETH play may be stron

Saylor's Strategy now has bigger losses than Lee's Bitmine... Michael @Saylor's $BTC focused @Strategy now has greater unrealised losses than @fundstrat's @BitMNR's $ETH holdings, according to data shared by Degen News. Strategy [-$10.9B] Bitmine [-$9.2B] The change comes amid an absolute meltdow

RT @LorenzoARK: A few thoughts on @BitMNR and its preferred offering 🧵 This has clearly been in the works for a while, but the timing is a…

Still think STRC had legs if Saylor hadn't burned so much cash repaying the 2029s. @fundstrat's setup is cleaner. Zero debt, zero preferred at @BitMNR, and ETH yield makes the coupon more serviceable. Caveat: ETH down = yield dollars down. One tweak worth considering: pre-fund 12 months of dividen

💰 BitMine @BitMNR is raising $300M at a 9.5% yield to buy more ETH. Its Ethereum treasury already sits on $9.2B in unrealized losses and ETH staking yields are running below the 9.5% it's committing to pay holders. Bullish ETH or landmine? More here: https://thedefiant.io/news/tradfi-and-fintech