X @Wu Blockchain
Wu Blockchain·2025-08-20 13:16
BitMine's MicroStrategy-Style ETH Treasury:BitMine (BMNR) is emulating MicroStrategy by issuing stock to buy ETH, creating an“ETH treasury.”Its model depends on maintaining a high mNAV premium to fund ongoing accumulation. While effective in a bull market, it faces major risks—ETH price drops, shrinking premiums, weak liquidity, and lack of real business revenue. Its survival hinges on sustained market trust.Read morehttps://t.co/mPrPQcqGUp ...