When you can’t pump the stock by buying more ETH, you just announce an absurd buyback. Market see...
Twitter
Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
BitMine (BMNR) is down 10% pre-market despite announcing a $1 billion stock repurchase program. The stock is still trading at an "unwarranted" 50% premium to its Net Asset Value (NAV), according to the post. Investors may consider that buying low-fee Ethereum (ETH) ETFs could be a more efficient way to gain ETH exposure.
Ask about this postAnswers are grounded in this post's content.
Tweet
About Beanie
Beanie
By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.