I was quite angry to see people attacking StockPro in the comments. Why is everyone in the comments so angry? I've compiled some key data on BMNR, as shown in Figure 1. Indeed, MNAV is relatively low, currently at a discount, and further dragging down the SMA30 value (Figure 2). If you check Figure 3, you'll notice that the ETH content per K shares has been slightly diluted over the past few weeks (Figure 3).

But if we zoom out on the timeline, we can see that since July, the ETH held per 1K shares of BMNR has been steadily increasing. Its ATM (purple line) hasn't affected the ETH density in the stock, which currently stands at 9.18 ETH per 1K shares.

Additionally, looking at the MNAV over the entire timeline (Figure 5), we can see that MNAV rarely falls below 1, and there's a clear bottom boundary.

Moreover, it has staked a significant amount of ETH, accounting for 30% of the total (Figure 6). Since most of it is still in the staking queue and unable to generate returns, this has further lowered MNAV. But don't worry—some staking has already started yielding returns (Figure 7).

So, everyone, instead of attacking the StockPro who guided you in, take some time to do your own research. Buy when no one is paying attention, and I wish you all profitable trades.

$BitMine Immersion Tech(BMNR.US)