Love hearing the people who were buying $BMNR 20 points higher calling the bottom in Ethereum day after day. Likely to test levels before the Sharplink and Bitmine DAT products were launched.

$ASST received proceeds of ~$150M from the SATA raise, investing the proceeds in BTC at $103k but they added $200M of debt, thus diluting their NAV ~5% in the process. Thank you for your attention to this matter.

$ASST bulls have entered the chat lately but none have discussed numbers. Lets dig in. ASST trades at a ~1.60x NAV vs MSTR at 1.27x NAV but these are very different businesses. MSTR's legacy biz generates cash while ASST's legacy biz burns a lot of cash...about $25M per year on assets of $660M (4% expense ratio). ASST generated revenue of $2.5M in 1H25 and spent $16.5M on G&A/employee comp so they need to plug this hole somehow. ASST is now raising debt at 12% (hearing 15% YTM) to fund the cash burn of the business. I don't believe the bulls actually understand what they own other than the talking points of Vivek is a moneymaker, Bailey is a crypto OG, and Nakamato something or other. DYOD

1H Strive Financials:

Can they also run the CFA Institute without embezzling funds?

$ABTC's market cap is $8.2 billion dollars and they own ~$270M worth of bitcoin....There are 908M shares outstanding. The stock trades at 30x NAV. Note: MSTR trades at 1.6x NAV. Buyer beware. They have a $2.1B ATM.

$ABTC Announces $2.1 billion dollar ATM. The company owns ~$0.30/share worth of bitcoin. *Checks stock price*

$ABTC $GRYP $2.1 billion offering right after the merger: sec.gov/Archives/edgar/data/…

AIRO to Expand U.S. Manufacturing Footprint to Accelerate Advanced Drone Innovation and Strengthen Global Defense Capabilities, Building on RQ-35 Heidrun Success - businesswire.com/news/home/2…

🚨 @SintanaEnergy $SEI $SEUSF update from Namibia’s Orange Basin: ✅ Mopane-2A spud in AVO-3 ✅ Mopane-3X set for early 2025 ✅ New 3D seismic starts Dec. 2024 ✅ Mopane-1A confirms light oil & gas-condensate 🔗 Learn more: loom.ly/gLhs4_o

$NYSE and Grayscale just announced their intentions to convert $GSOL, the closed end fund currently trading at $168/share vs NAV of~$85, to an ETF. Converting to an ETF will drive the price of $GSOL down 50% instantly. I did not have that on my bingo card. nyse.com/publicdocs/nyse/mar…

Think outside the style box can create a categorization problem. Are you low beta, FI, convertible arb? @valwithcatalyst tells @opmpod why his answer is "well, yes and no..." Apple 🔊apple.co/3CqID7y Spotify 🔊spoti.fi/48Nvfqf Youtube 📺bit.ly/3Az6Ckn

Digital Currency Group (DCG), the parent co of Grayscale, has begun selling shares in the open market at massive premiums to NAV. DCG sold ~19k shares of LTCN and 75k shares of BCHG just today. Maybe they think the shares are overvalued at 2.5x the value of the assets? $LTCN $BCHG