ETHZILLA (an Ethereum DAT) sold $40M of ETH to fund stock buybacks, a move that MONK believes is strategic to pump shares and deter shorts, but is unlikely to be replicated by other ETH DATs. Investors should focus on BMNR and SBET as the primary ETH DATs, as both are still accumulating ETH.

By defi_monk
Sunny | Research @Messaricrypto | Prev Hedge Fund Monkey | NFA | Check Highlights for Threads | https://t.co/Qu6XiH0KHK