$BMNR | The art of Ethereum accumulation, or a strategy lesson?
July 29: 625K $ETH purchased, avg: $3,755
August 4: Position increased to 833K ETH, avg cost $3,492
Was the new 208K ETH purchased at an average price of $2,702?
❗️Yet, spot ETH never fell below $3,380 during this period.
So how did BMNR buy at such a low price?
Answer: Could be forward agreements or structured derivatives contracts.
ETH was around $2,500 during the "big bang" announcement at the end of June. Call rights were likely created at that time and are now being activated.
This may be the reason for the recent surge in the stock: Investors are waking up to this strategic buying.
If ETH additions continue at this rate, BMNR will be one of the few companies collecting below the spot price.
Tommy L and his team may be making a very smart play.
#ETH #Ethereum #BMNR #CryptoStocks #Blockchain #InvestmentStrategy #SmartMoney
July 29: 625K $ETH purchased, avg: $3,755
August 4: Position increased to 833K ETH, avg cost $3,492
Was the new 208K ETH purchased at an average price of $2,702?
❗️Yet, spot ETH never fell below $3,380 during this period.
So how did BMNR buy at such a low price?
Answer: Could be forward agreements or structured derivatives contracts.
ETH was around $2,500 during the "big bang" announcement at the end of June. Call rights were likely created at that time and are now being activated.
This may be the reason for the recent surge in the stock: Investors are waking up to this strategic buying.
If ETH additions continue at this rate, BMNR will be one of the few companies collecting below the spot price.
Tommy L and his team may be making a very smart play.
#ETH #Ethereum #BMNR #CryptoStocks #Blockchain #InvestmentStrategy #SmartMoney
🧠 $BMNR | The art of Ethereum accumulation, or a strategy lesson?
🔹 July 29: 625K $ETH purchased, avg: $3,755
🔹 August 4: Position increased to 833K ETH, avg cost $3,492
🔹 Was the new 208K ETH purchased at an average price of $2,702?
❗️Yet, spot ETH never fell below $3,380 during this period.
➡️So how did BMNR buy at such a low price?
Answer: Could be forward agreements or structured derivatives contracts.
ETH was around $2,500 during the "big bang" announcement at the end of June. Call rights were likely created at that time and are now being activated.
This may be the reason for the recent surge in the stock: Investors are waking up to this strategic buying.
If ETH additions continue at this rate, BMNR will be one of the few companies collecting below the spot price.
Tommy L and his team may be making a very smart play.
#ETH #Ethereum #BMNR #CryptoStocks #Blockchain #InvestmentStrategy #SmartMoney
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