I get Tom Lee is talking his book, but if everything does go on-chain, ETH does appear to be the leading blockchain right now, which would add to the value…
Tom said BMNR will focus on having low debt & increasing ETH/per share, which would make it a more leverage ETH play, so thoughts on it being a impactful trade/investment?
Posted by LFC-23
8 Comments
Why would you not just buy ETH? Treasury companies make no sense. Especially when you have highly compensated people running it.
I own the US and CAD banks. They stand to make a lot of money from this transition. Everyone is overthinking it imo.
Im in at $44 , probably trim my initial soon and let the rest ride
IDK about a 50X but Tom Lee seems to have the golden touch so I bought some shares. Nothing crazy but enough to care!
Treasury companies are pointless for most investors (in some cases ETFs are not available). It’s just betting on company management instead of the currency, which creates all sorts of new risks. MSTR was the gold standard for treasury companies and YTD is underperforming IBIT by ~11%. Now that every unprofitable company is trying to start a treasury company, there is not really any edge compared to just buying IBIT/ETHA.
It’s a winner
Give it time!
Given I know BMNR well and how it functions, it has made me realize how people commenting so far think they know what they are talking about but they are actually clueless. There is a load of content that comes linked via Tom Lees socials and Bankless if anyone wants some reasoned education. To me BMNR has the second best reward to risk ratio for an obvious opportunity I have ever seen. The best being LSE: RPS at 30p in COVID before it was later acquired at 222p. Here’s a warning for when people moan in 10 years time saying if only I had bought x in 2025.