head of research….
yet doesnt know that bmnr already owns 10x the amt of eth that the ef does
2.15m eth vs 225k eth
sbet also already owns 3.75x the amt of eth
This is the correct framing but it is not always bullish, especially in Ethereum land.
For example, BMNR will soon own more ETH than the EF. When conflict arises, who will be calling the shots, Tom Lee or Wang?
The former cares about ETH price & has a fiduciary responsibility to BMNR shareholders.
The latter has repeatedly said she does not care about ETH price, & has no fiduciary responsibility to ETH token holders.