Andy
Search documents
X @Andy
Andy· 2025-08-17 04:32
Another layer of fuckery added to the treasury company fiasco that's ongoing:No one knows how many shares outstanding for Bitmine & different data sources are stating different numbers.Pratik Kala (@PratikKala):Shares outstanding for $BMNRBloomberg: 173.5MSeekingAlpha: 109.53MChatGPT: 121.7MmNAVs:Blockworks: 1.88xCryptoTreasuries: 1.03xETHStrategicReserve: 1.8xAnalyst estimated mNAV: 1.3xEstimates vary by ~80% at extremesReal answer: no one knowsUntil the FDSO (fully https://t.co/320u69E977 ...
X @Andy
Andy· 2025-08-17 02:57
I wholeheartedly agree that this is the institutional cycle which likely caps our growth somewhere around $10T total marketcap for this speculative cycle.It's hard to see the $1M $BTC reality playing out without real nation state adoption & hoarding of crypto, like they have done with gold.The good news? I think were way closer than we've ever been.The bad news? It just might take a little bit more patience and time, which if you've been here for awhile, you know the trend is up and to the right (with specu ...
X @Andy
Andy· 2025-08-17 01:42
Market Sentiment - The consensus opinion is waiting for the right timing to execute a specific trade, indicating uncertainty or anticipation of a market movement [1] - The phrase "when we run this trade" suggests a speculative or potentially high-risk trading strategy [1]
X @Andy
Andy· 2025-08-16 11:53
Market Trend & Risk Assessment - Treasury companies, once considered a "sure thing," are now viewed as risky due to market saturation and reduced liquidity [1] - The industry anticipates peak exhaustion and saturation within two to four months [1] - DATco's ceasing to buy could signal impending market changes [2] Investment Strategy Implications - The treasury companies pool is expected to mostly dry up in the near future, leading to a shift in market dynamics [1] - A rounded market structure may emerge, with retail investors unable to push the market higher [2] - Treasury companies may be forced to stop buying rather than becoming forced sellers [1]