It seems the previous view was correct, the stock price is already close to
$BitMine Immersion Tech(BMNR.US)$T-REX 2X Long BMNR Daily Target ETF(BMNU.US)
Yesterday, there were clearly 5 ATM transactions, totaling 2.18 million shares
If sold at an average price of 28, the total would be $60 million. With such a large ATM, the stock price wasn't affected but instead rose with an uncomfortable recent increase, not to mention other small, more hidden ATM transactions.
Currently, there must be at least $800 million to $1 billion in cash on hand? The premium has risen from 0.9X to almost 1.1X. If interest rates are cut later and liquidity flows into crypto, ETH rises, and the premium increases, wouldn't it be reasonable to see BMNR at 40-50 in the short term?
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