ETH DAT valuations way overheated last few weeks.
Does that mean they won't work?
Nah, nothing's changed.
In fact fundamentals behind them are now stronger.
And now we have way better entries.
$SBET at 1.49 mNAV, down from a high of 2.75
$BMNR at 1.62 mNAV, down from a high of 5
$BTCS at 0.93 mNAV, down from a high of 2.25-2.5
Multiple reasons for these to rally in price:
1⃣ ETH price goes up
2⃣ DAT buys/stakes more ETH with staking yield
3⃣ DAT sells more shares + buys/stakes more ETH
4⃣ mNAV premium goes back up as demand for ETH + yield exposure grows in public markets
Track real-time data at:
If you've been looking for an entry to stack any of these ETH treasury companies like me, @Nomaticcap just published a new post in The Edge Newsletter on flows into ETH ETFs + ETH DATs. (All FREE to subscribe)
@Nomaticcap One of the my favorite stats is comparing the amount of ETH bought by @SharpLinkGaming, @BitMNR, @NasdaqBTCS and others compared to the amount of ETH issued by the network.
@sassal0x has been killing it framing up these numbers.
Note: I am long $SBET and ofc ETH.
19.65K
91
The content on this page is provided by third parties. Unless otherwise stated, OKX TR 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 TR. 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 TR 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.