BMNR: correcting this chart with actual SEC filings (previously based on x posts + grok input). TLDR: Druck probably already dumped most of his $4.5 warrants, while Thiel was still holding 5% stake on Jul 25 with cca. $5-10 cost basis (up 7-14x based on yesterday's prices) 👇
In this scenario I could see ETH pullback and retest the breakout at 4k and I'd be adding positions in BMNR in the mid 40s, above the accumulation cost basis of Thiel, Wood, and Druck ($36 avg) and holding into Aug OPEX. Expecting some correction after that. NFA
11.42K
74
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.