7/29/25 :: VROCKSTAR :: 
SBET
What r u guys doing...?
- feels like i'm always in early, out early
- but here we are, buying
BMNR in the 30s post market, halving that in the run this AM... adding it back
- you all realize thatSBET's mnav is pretty close to 1 right?
- i just don't get it, perhaps it's all these call options, negative gamma
- "yes" eth is expensive, could pullback got it
- but as a treasury vehicle, esp of this size, you'll likely see 2...3...4x mnav at end of cycle as borrow are in MSD rates and yield here ("ROE") in bank terms based on underlying CAGR is minimally DDs... but realistically in the 20s...30s...40s... e.g. justifying this 2+ x mnav
- so you do you
- but i'm back and buying all the way back to $15 and below where in my estimation you'd be buying eth at a discount? lol
V
SBETWhat r u guys doing...?
- feels like i'm always in early, out early
- but here we are, buying
BMNR in the 30s post market, halving that in the run this AM... adding it back- you all realize that
SBET's mnav is pretty close to 1 right?- i just don't get it, perhaps it's all these call options, negative gamma
- "yes" eth is expensive, could pullback got it
- but as a treasury vehicle, esp of this size, you'll likely see 2...3...4x mnav at end of cycle as borrow are in MSD rates and yield here ("ROE") in bank terms based on underlying CAGR is minimally DDs... but realistically in the 20s...30s...40s... e.g. justifying this 2+ x mnav
- so you do you
- but i'm back and buying all the way back to $15 and below where in my estimation you'd be buying eth at a discount? lol
V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.