$BMNR JUST RELEASED ITS 10-Q. The filing states Bitmine had 537,628,819 shares outstanding as of April 13. That matters because this is the denominator for the updated mNAV. Using the latest reported treasury figures and the new 10-Q share count: 🔹 ETH: $2,325.65 🔹 BMNR: $21.63 🔹 NAV per share: ~$22.98 🔹 mNAV: ~0.94x That means Bitmine is trading below the value of its underlying holdings based on the updated 10-Q share count. $BMNR $ETH See Bitmine's 10-Q below https://t.co/tEt3aAQRy5
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