---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40618966.md"
description: "The first principle of BMNR is:Are you bullish on ETH's long-term role as the settlement and collateral layer for stablecoin / RWA / tokenization / DeFi / agent commerce?If the answer is no, BMNR should not be bought.BMNR is not "because Tom Lee bought it," nor is it "because it might be like MSTR." It is: if the ETH thesis holds, BMNR can represent the ETH thesis better than an ETH ETF.If you are not bullish on ETH but buy BMNR, you are just buying a high-volatility story stock, and the investment premise itself is wrong."
datetime: "2026-05-11T08:12:29.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40618966.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40618966.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40618966.md)
author: "[lyhalfway](https://longbridge.com/en/profiles/3372973.md)"
---

# The first principle of BMNR is:Are you bullish on …


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## Comments (28)

- **吾悦敬畏的生 · 2026-05-11T18:51:22.000Z**: Soon
- **粉红色菠萝 · 2026-05-11T16:01:01.000Z**: I agree with Uncle Yaren's words. It doesn't make much sense to cut losses now when BTC was over 60k, and from a technical perspective, the current bottom-building phase could even be considered a good entry point.
- **屹哥小迷弟 · 2026-05-11T14:38:21.000Z · 👍 5**: I've lost over a hundred thousand on this stock, but I'm not panicking at all. It's not self-consolation; this stock reaching above a hundred is just a matter of time. In the short term, it feels like I've missed the whole world, but in the long term, we're still in this world. So, nothing at the mo
  - **lyhalfway** (2026-05-11T15:19:18.000Z): Yes, I think so too.
  - **M21** (2026-05-11T15:56:17.000Z): Currently, the drawdown is also about a hundred, but I'm not worried about the underlying stock at all.
  - **kelvinaaa** (2026-05-12T02:19:40.000Z): I think this thing can reach the price range of 200-600, but hoarding coins and the bear market cycle are really against human nature. Personally, I think most people's temperament finds it hard to to
- **投资学习 · 2026-05-11T13:24:38.000Z · 👍 1**: The biggest holding is BMNR, which not only wiped out all the profits from other stocks, but the account has been in a losing state😂
  - **lyhalfway** (2026-05-11T13:38:44.000Z): Hmm, most people are currently holding this stock at a loss.
  - **投资学习** (2026-05-11T15:34:15.000Z): Fortunately, the options expired worthless. It would have been better to just hold the underlying stock all along. I still have confidence in ETH💪
- **有耐心+幸运 · 2026-05-11T09:56:47.000Z**: Ride through bull and bear markets
- **Devin丶 · 2026-05-11T09:39:08.000Z · 👍 2**: There's no reason to choose it for short-term trading; if you choose it, plan to hold it for 5-10 years or more.
- ***烟火声* · 2026-05-11T09:26:22.000Z · 👍 1**: I bought it because of StockPro (5 cents have been credited)
  - **lyhalfway** (2026-05-11T09:54:16.000Z): I underestimated the volatility of crypto in the early stages🤦
  - ***烟火声*** (2026-05-11T09:56:00.000Z): 🤭No problem, sunshine always comes after the storm.
- **半山外賣仔 · 2026-05-11T09:22:52.000Z · 👍 2**: The main point is, there's no need to sell anymore, so all reasons for selling become far-fetched.
  - **lyhalfway** (2026-05-11T09:34:29.000Z): Yes
- **灵魂狙击手 · 2026-05-11T09:18:54.000Z**: Check out today's news, keywords: a16z, canton
  - **lyhalfway** (2026-05-11T09:34:20.000Z): Some clients have already staked Canton on BMNR's MAVAN platform as well.
  - **pocoyo** (2026-05-12T14:17:26.000Z): May I ask where I can look this up?
  - **lyhalfway** (2026-05-12T14:38:59.000Z): As mentioned in the latest chairman's message, the SEC can refer to the transcript.
- **blablabla · 2026-05-11T08:28:07.000Z**: I'd like to ask Uncle Yaren for his insights. Regarding the point of agent commerce, CRCL has already gone up a wave and then come back down. Stablecoins indeed feel like they have a shorter chain than direct virtual currencies. So, what's the advantage of ETH then..
  - **lyhalfway** (2026-05-11T08:30:05.000Z): This layer of Crcl is directly beneficial, while eth, as the infrastructure layer, is indirectly beneficial.
- **可樂只喝無糖 · 2026-05-11T08:22:22.000Z · 👍 4**: I opened the position last year, and it became my biggest loss among all holdings, dragging my returns down from 35% to 92% (pre-Longbridge). I closed the position in April, but after thinking about it, it didn't seem right—this is an on-chain operating system. I bought it back this morning.
  - **lyhalfway** (2026-05-11T08:26:59.000Z): My view is that the February lows of BTC at 60k / ETH at 1.7k were the bottom of this bear market. If you didn't sell then, there's even less reason to sell now.
  - **桓台红莲湖** (2026-05-11T09:43:56.000Z): I've endured going from a 100% profit to a 70% loss. Next time, I'll wait for bmnr's premium to reach over 2% before selling in batches.
  - **可樂只喝無糖** (2026-05-11T09:52:31.000Z): Found that the fans of bmnr StockPro are of particularly high quality 😁