$BitMine Immersion Tech(BMNR.US) announced the latest ETH holdings today. Currently, due to the significant drop in ETH, the mnav has returned to its fair value. The recent trend of mnav can be seen in Figure 1.

Due to the inability to conduct ATM financing, the ETH content per 1,000 shares has increased, now at 9.4207 ETH, with unrealized gains and losses at -39.62%🫠, -$6.64 billion. (Figures 2 and 3)

Currently, the power-law indicator shows no signs of buying, and there is a 5.1% premium. Additionally, there were large-volume buy orders today, further driving up the premium. The beta momentum is currently at a high level (Figure 4).

If ETH enters a sideways trend at low levels again, it may lead to a decrease in mnav. It's still unclear whether this is the bottom. I've already started dollar-cost averaging, buying small amounts bit by bit, and I hope to ride through the bull and bear markets with everyone. Stay steady!