$MSTR After not being delisted, everyone seems to have become bored again. Let me throw a brick to attract jade and suggest some news that might be worth炒作.
On the evening of January 14th, BMNR's authorization to issue an additional 50 billion shares for voting will end, followed by a shareholders' meeting on the 15th. Based on the current $BMNR price, Tom Lee only needs to issue about 200 million more shares to buy enough 5% of ETH, but he has applied for an issuance of 50 billion shares. The old authorization was only for 500 million shares, which is nearly used up and still not enough for him to buy the full 5% of $ETH .
Conservatively speaking, he is preparing for a 1:100 split when ETH rises to 250,000 per coin. More aggressively, he might also easily buy the remaining 1.5% target within a week after the 15th, or even raise the target ratio.
Retail investors, during the bear market, have no time to rest as Tom Lee is constantly finding money to buy more ETH. Looking to eat BMNR's corpse is definitely not an opportunity in this cycle because he is really good at making money. It might also be difficult to see other DAT companies selling ETH, because Tom Lee has also suggested that this money could be used for mergers and acquisitions. That is, if other DATs are discounted, they might be directly eaten by BMNR, avoiding the need to sell ETH to extend life.
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$MSTR After not being delisted, everyone seems to have become bored again. Let me throw a brick to attract jade and suggest some news that might be worth炒作.
On the evening of January 14th, BMNR's authorization to issue an additional 50 billion shares for voting will end, followed by a shareholders' meeting on the 15th. Based on the current $BMNR price, Tom Lee only needs to issue about 200 million more shares to buy enough 5% of ETH, but he has applied for an issuance of 50 billion shares. The old authorization was only for 500 million shares, which is nearly used up and still not enough for him to buy the full 5% of $ETH .
Conservatively speaking, he is preparing for a 1:100 split when ETH rises to 250,000 per coin. More aggressively, he might also easily buy the remaining 1.5% target within a week after the 15th, or even raise the target ratio.
Retail investors, during the bear market, have no time to rest as Tom Lee is constantly finding money to buy more ETH. Looking to eat BMNR's corpse is definitely not an opportunity in this cycle because he is really good at making money. It might also be difficult to see other DAT companies selling ETH, because Tom Lee has also suggested that this money could be used for mergers and acquisitions. That is, if other DATs are discounted, they might be directly eaten by BMNR, avoiding the need to sell ETH to extend life.