
Expecting another buy of around 70,000 $ETH tomorrow. With the price of $ETH falling back to $2,000 this past week, I am expecting the team to make a decent sized purchase despite them decreasing the size of their buys recently. I do not see a purpose in buying back shares if they are just going to issue more to raise the capital to buy $ETH at a later date. I understand that $BMNR is trading at a discount to their NAV, but $ETH is trading at an even bigger discount to the price targets Tom and the team have projected. In the long run, stacking and staking $ETH is the right move.
