BMNR had a book cash of 450 million this Monday, and the average trading volume this week was 4 billion. The more discreet ATM also brings more financing. Currently, ETH has returned to 3.8k, and I don't think the short-term tariff turmoil will affect the mid-to-long-term trend of the Q4 market. Therefore, the current low price is a good opportunity to buy at a discount. Although BMNR fell to 52 last night, the corresponding closing ETH price was 3.9k, and the mNAV premium remained at 1.45, which is a great advantage. Maybe this is the difference in mentality between investing in DAT and directly investing in ETFs/spot. I feel excited about the big drop because it's another chance to buy at a low price.

In practice, it's hard to buy at the absolute bottom, but it's fine to add positions during big drops—just do it in batches. Then, buy puts as insurance during big rallies. Many of my 10x calls were obtained by adding positions at 4.7.

If ETH still falls below 3.8k next week, I will prioritize adding to BMNR. My heaviest position and most profits are in PLTR, and now I treat PLTR more like a bank. If the cash position is replenished, I'll move some out to add to BMNR. At least in Q4, I believe crypto's alpha will be higher than AI's.

$BitMine Immersion Tech(BMNR.US)

$Palantir Tech(PLTR.US)