$BMNR has expanded its ATM stock issuance limit to $20 billion, planning to gradually sell shares to raise funds—specifically for increasing its purchase of ETH.
📊 ATM: Slowly selling at market price, minimal impact, flexible financing, beneficial for long-term positioning.
💼 PIPE: Discounted private placement, quick access to funds, but significant stock price volatility on announcement day. #sbet
Market implications:
For BMNR's stock price → Selling pressure depends on execution speed.
For ETH → Long-term potential buying support, especially when supply is tight in the spot market.
Time vs cost, BMNR chose time, which also provides ETH with a potential slow bull logic.
ATM → Funds received → ETH spot purchases → Tightening spot supply → Price support.
ETH/BTC is already at 0.035
When it started, it was said that the exchange rate would reverse
You need to have 🈶 long-term holding confidence
The starting point of this round of market is the stablecoin legislation
The driving force is from Wall Street's micro-strategists
The US stock market's #BMNR
The crypto circle's #Ethereum #SSV #UNI #CRV
Looking at the long term
We are far from the climax
The starting point of this round of market has begun
I have been giving everyone firm confidence
It comes from the above logic.
13.03K
2
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.