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Likes ReceivedAfter breaking through the previous high, ETH entered an upward trend, and the mNAV premium of BMNR will also accelerate. The rate of change in the mNAV premium is equivalent to the second derivative of BMNR's stock price. We just need to track this core indicator. I believe 1.5 is a fair price, and anything above 2 is a premium price.
Currently, BMNR holds 1.5 million coins, and ETH is stable at 4800. If the update before today's opening maintains last week's incremental progress of 300,000, that would be 1.8 million. A rough calculation shows that an mNAV of 1.5 corresponds to a stock price of 60, and an mNAV of 2 corresponds to a stock price of 82. This is also the core argument for why the current 50 is equivalent to 30 half a month ago—both are at an mNAV of 1.5.
Detailed calculations and analysis will be updated after the official announcement of the coin accumulation progress tonight.
$BitMine Immersion Tech(BMNR.US)
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