저자: 미상 · 외국인
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BMR(Tom Lee 관련 ETH 트레저리 기업)이 급등하며 $86M 규모 자사주 매입을 실시했고, 스테이킹 수익(연 약 $2.5억~2.7억)과 ETH 보유량(약 577만 개, 공급량의 4.8%)을 강조. 진행자는 BMR 일봉 매수 신호에 진입해 15%·13.4% 수익 실현 후 청산했다고 밝힘. MSTR은 비트코인 대비 프리미엄이 사라져 $100 부근이며, 진행자는 $98.70대에 진입했다고 언급. BTC 약 $65,000대, ETH 약 $1,920대.
다듬은 글
So, BMR is rising sharply today, approaching the $18.30 mark. then falls to $17.30 and rises again to $17.70. So BMR is literally screaming and soaring upwards. Not quite the case with MSTR yet . Uh, the stock is currently worth about $100. So today we will dive into this topic. We will talk about both of these actions.
This is not tax, financial, or legal advice. We will discuss the movements taking place today. and consider the share buyback by BMR that Tom Lee talked about. So, in my opinion, most people are not following what is worth following. People look at the prices of Bitcoin and Ethereum, but the more important signal is what the public market instruments around them are doing.
So today it's not just a story about coins. This is the story of BMR and MSTR, as you know. And in case you didn't know, BMR is becoming an Ethereum capital creation machine for Tom Lee. and MSTR is a Bitcoin capital creation machine for Michael Saylor. And both show us where institutional capital can go next, which always makes it very interesting.
So, let's see what we're going to talk about today. Why buying back BMR shares could be as important as buying ETH, because they just bought back their shares. Why MSTR's market premium is now under scrutiny. and what this means for BMR, MSTR, ETH and Bitcoin. So, the main point: BMR and MSTR are not just proxy tools for crypto.
Now these are machines for distributing capital. And the real question is not whether ETH or Bitcoin will grow, but whether these companies can create more value than just owning coins—which is what we will dive into today. If you look at the current data, BMR owns approximately 5,770,000 ETH. They own 4.8% of the total supply .
If you look at the strategy, they have 843,000 Bitcoin, and the price of Bitcoin is 65,000. About 65,600. And ETH was around 1930. That's about where it is now . But capital inflows into BTC ETFs have been high. We had about $23 million in inflows. So funds continue to flow into ETFs, which is one of the reasons these stocks are rising.
So, BMR is definitely a story about Ethereum treasury. We know this. They have 5.78 million ETH. They are now the largest corporate holder of ETH in the world. This is close to their target of 5%, and if you look at Ethereum's supply of 120 million tokens, they have 4.8% of that. So, they are 96% closer to their target goal of 5%.
And this could be seen by looking at the price today, as it skyrocketed. The question is, will it hold up tomorrow? In a moment, we'll look at the charts and see what's happening with BMR in the market. As you can see, the daily charts are rapidly going up. OK. Here's what's happening with BMR right now.
They also repurchased 5.5 million common shares, with the average repurchase price being about $15.62. That was the price at which they returned the shares. The buyback cost was about $86 million, and if you remember, they previously announced a $4 billion buyback program, and they're starting to use it right now.
This changes the BMR story. Tom Lee not only accumulates Ethereum, he also manages the value of BMR shares themselves . So, essentially, if BMR shares are trading lower than their management values them to be, a share buyback might make more sense for them than simply buying more Ethereum. That's why you saw the recent buyout.
This is a kind of capital allocation decision that such companies have, as they have the flexibility of being BMR with Ethereum on their balance sheet. They have many options. And that's one of the reasons why people hold stocks and not just Ethereum. OK. But again , it's extremely volatile, and as you can see, BMR stock is skyrocketing right now .
BMR is not just about the rise in the price of ETH. You have a treasury strategy in ETH that is obviously accumulating a lot of ETH. They have 4.8% of the total supply. You also have staking revenue, which is currently around $270 million. In addition, there is the number of their shares on the market.
And there is a market premium or discount— the shares are trading at a premium, or more precisely, the price of the shares is higher than the value of ETH on their balance sheet. So there you have it, and also the story of Tom Lee as a kind of anchor for Ethereum. There are many different factors that determine whether BMR will increase, and they are right here on the screen as I show you.
BMR has an operational layer and reportedly has around 4.92 million ETH staked, which is 85% of their assets. So, when they do staking, they actually make a profit on the Ethereum they staked. Um, and the claimed 7-day annualized staking return was about 2.67%. So the projected staking revenue they will receive is around $247 million.
It could potentially grow to $290 million if they fully place their Ethereum. Why this matters: This isn't just a company that has Ethereum on its balance sheet. This is a company that also generates revenue through staking, and that's one of the things that makes BMR valuable. OK. So, um, that makes BMR something more than just a passive owner.
The market really needs to decide whether BMR is simply an ETH balance, which I don't think is the case, or whether it is an active Ethereum treasury and staking business. And that's exactly what it looks like to me. This is a staking business. This is an active Ethereum treasury that will make smart capital allocations with the Ethereum on its balance sheet.
Whether it's staking, using cash to invest in new companies supporting blockchain infrastructure, or buying back their own shares when they believe the asset base is undervalued. Um, so there are actually a lot of things they can do to increase the value of this company. And they also have cash and other assets on hand.
They reportedly have $385 million in cash on hand and marketable securities, as well as some bitcoin. They also have stakes in Beast Industries and ACO. Um, that's what BMR is all about. The market is definitely paying attention to this right now. Looking at BMR, the 5-day average daily trading volume in dollars was around 579 million.
So it is one of the most actively traded US stocks on the market. The volume is quite large for a company of this size, which is small but holds high positions. But most importantly, BMR is trying to prove whether it deserves a premium, that is, whether it deserves a valuation above the net asset value of its bitcoins.
And that's the story of treasury companies like BMR and MSTR. The argument is that the accumulation of ETH plus the staking income I just talked about—that's about $250-$270 million right now—plus the buybacks that Tom Lee does when stocks go down—he has moments where he buys them back, like he just did recently.
So, putting it all together, BMR is more than just a company that has ETH on its balance sheet. Now, if you want to get my new book "Money Game " and my daily trading strategy, you can follow the link below, click and get it for free. I'm going to show you my daily trading strategy using the charts you see on the screen.
And this is how Ethereum, no, not Ethereum, this is how BMR looks like now. Of course? So, if you look at the daily chart, those who watch my show know that I predicted this for BMR back at $14.72 when I bought my shares. And you see that he flew up rapidly. That's right. So, the daily schedule has changed.
It changed here from red to green. And when it turned green, I decided to enter the position. Since then, the daily schedule has improved significantly . I already recorded a profit of 15%, and then another 13.4%. So, I'm out of the deal now. Perhaps the price will go even higher. It looks like it has real potential as it is currently growing rapidly.
If the price falls, I will probably buy BMR stock again if it rolls back further. That's it. On the daily chart, things are looking very, very good, and it has made a significant leap. If you also want to take a look at ETH and what it has been doing on the daily timeframe, ETH is looking pretty crazy as well.
But ETH started moving earlier than BMR, and that's actually the whole story. If you want to see how I do this every day, follow the link below, grab my video and book for free. The book contains a lot of useful information and also describes how I trade and invest every day. This is below in the video for more information.
But if you look at it, these are my trading indicators that I created. And these indicators show that on July 2, Ethereum became “bullish” at around $1,645. Then they turned green and remained so until $1923. This is a huge movement. So ETH is still incredibly bullish when you look at it right now. We'll see if it continues to grow and if BMR follows suit.
So, you see, green means good, green means growth. When the price drops and turns red , it means I'm exiting the trade. So, that's how I work with it. So, again , if you want to access below, you can purchase my book, The Money Game, which is dedicated to BMR, Ethereum, MSTR, and Bitcoin. Um, and she talks about traditional finance versus digital finance.
This is a very, very good read, detailed but simple. And then you can also get a video at the link below that talks about my trading strategy and how I analyze investments using the indicators I just showed on the screen. So people ask me, how do we get more access to these materials? Well, watch the detailed video at the link below.
And if you would like to book a call with my team to learn more about indicators, you can click below. Once you download the book, you will have the option to book a call with my team. Okay. OK. So let's get back to what's happening in the markets. Now we'll talk about MSTR. MSTR is a benchmark for Bitcoin reserves, but the premium is currently being tested.
They are not currently trading at a large premium to the net asset value of their Bitcoins. Remember , at one time they were trading at a multiple of about 4x the net value of Bitcoins. The stock price skyrocketed in 2024, and now it's at the bottom, but holding around $100. Um , and we'll see what happens next.
You know, maybe she's lagging behind and has some chance of recovering. We'll look at the screen, but she's definitely behind on BMR. BMR is showing growth , while MSTR has not yet shown its result, but may do so. And if you look here at the daily charts, um, here it just turned green on the daily timeframe.
So if you look at the daily charts, the color has changed from red to green. And if you look at the symbolism of this, I mean, this is no joke. When this happens, it's because it's been red for so damn long. Um, if you watched my show, I don't know, months ago, right? I was showing that there was an exit signal on MSTR around $170, and you see this first red signal here, which shows an exit near $170.
That's it. This extends all the way down, and signals for a return to MSTR according to these indicators. When it turns green, there is an opportunity to potentially do something about it. This is simply educational information for you and not financial advice. Personally, I, um, think MSTR might have something to show.
I opened a position at 19.90, somewhere around $98, $98.70. It is now worth $100. Let's see what happens next. Let's see if it really goes up and makes a leap. We'll see if there's a pullback tomorrow and then a rally for the rest of the week, or maybe MSTR is just , uh, not keeping up with BMR. Who knows?
This can also happen. So we'll see what the outcome will be. OK. But that's what I use to make decisions, just so you know. Um, I was very, very right about the recent BMR movement, and we'll see how I handle my own choices. Again, this is what I do to make my own decisions. I just love sharing data with you , and, uh, this is not a recommendation at all.
Okay, let's get back to the MSTR theory, because it's still an interesting story. 843,000 bitcoins. The future of this action is not over yet. Uh , you know, I think if we look back in four years, we'll be very surprised by where she ends up. Um, but this is the largest Bitcoin vault in the world, and Sailor created the original roadmap that BMR is now following.
Raising capital, buying bitcoins, increasing his exposure to bitcoin, and he turned the company into a beast. So for many years the market rewarded this model. Uh, they were n't just trading like Bitcoin, and now, basically, they're almost not trading at a premium. So this premium is really being tested right now, and, um, you know, people are watching closely to see if they're going to trade above the net asset value of their bitcoins.
So when you look at their bitcoin after deducting debt and, um, subtracting all that , you look at the stock price, um, are they trading at a premium or not? Um, and now they seem to be hovering around the zero mark. OK. Uh, the exact premium depends on the calculations. So you look at their market capitalization, enterprise value, debt on, uh, balance sheets, cash, senior debt , and we know senior debt is a complex topic.
This has been the main story of the market recently. Uh, sellers are selling Bitcoin to increase their cash reserves. Their cash reserves are about $3.2 billion . They need these funds to fund future dividend payments on the products he created: Stretch, Stride, and Strife. which yield, you know, 9 to 11%, and sometimes more.
So, they must fulfill their future obligations. With $3.2 billion available, this does n't seem like it will be a problem at all. Sometimes people think we hit rock bottom when Bitcoin dropped to 57,000. But let's not forget that we had a mild rally in 2022. At that time, the price increased throughout the entire period.
Bitcoin rose 40% from 17,000 to 20,000, before falling back to 15,500. So, is the 57,000 mark a low for Bitcoin? Maybe in 2026, maybe not. OK. Well, let's see what happens. These are the things. The market asks one question. Does MSTR deserve a premium compared to simply owning Bitcoin? This is a real debate.
Good. But the premium may increase again. We are in a "bear" market. Let's not forget about this. OK. But MSTR should manage more than just Bitcoin. They have regular shares. They have preferred shares. Common stocks are shares of MSTR. Preferred stocks are Strife, Stride, Strike. Convertible debt is what they used before: borrowing money to buy bitcoin.
Additionally, they have dividend payment obligations for Stretch, Strife, and Stride. They have cash reserves and bitcoin on their balance sheet . Well, let's see what happens next. Their cash reserves are $3.2 billion. They still have 843,000 Bitcoins, and the market is watching not only the price of Bitcoin, but also how they are creating value for shareholders, which I believe Sailor will continue to do as he continues to succeed.
So, actually, this is the game . BMR and MSTR are two different treasury strategies when compared. BMR is a company with treasury in ETH. MSTR is a treasury in bitcoins. BMR is Tom Lee. MSTR is Michael Saylor. BMR's staking income means they stake their Ethereum and get a quarter of a billion dollars in revenue per year from it, which is a lot.
And MSTR is a capital market machine. Um, they actively launch these products into the market, expand, tighten up, and then take that money and buy bitcoins. So, they are certainly of a completely different type, but they operate according to a similar scenario. OK. So, here it is. These are assets worth keeping an eye on.
I still believe they have a great future ahead of them. And this is what it looks like. Well, let's see what happens tomorrow. And that will be the main story of what will happen. Will MSTR move higher on this daily chart and continue its moderately bullish move now? And will BMR continue its massive parabolic movement that it is currently demonstrating?
Remember, the minimum for BMR was $12.80. And this little one flew very high. And the daily charts still look optimistic. And if we look at the price overnight, we can see the price of ETH now. Where is the ETH price? Because it seems to me that today it was about 1950 or so . It dropped to 1920. And now I can look at ETH on the 2- hour chart.
I hope this is showing on your screen. And I see ETH getting a little bearish on the 2- hour chart, because it's at $19.20, because again, there's a little bit of red here, but don't worry too much . OK. That's all. If you would like to purchase my book “Money Game,” follow the link below. If you want more content like this, subscribe to the channel.
And if you want to see how I trade and invest every day, there are free videos below. Click on the link and pick it up. Okay, it's time for me to go. I'm going to have dinner, but I wanted to stop by and show you what's going on in the markets. I hope you enjoy the growth if you are in BMR and I hope it works for you. Okay, bye.
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