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Big update from BMNR. So, you know what? As I showed you last week, MNAV was around 285%, and it's now rising a bit , as I predicted. The thing is, BMNR and Tom Lee are starting to buy back their shares, which is great. When it is this low, you don't need to start buying more ETH. You don't need to increase support.
What you need to do is increase support by buying up more BMNR, and that's exactly what he did . He has the money to do it, so he does the right thing. So, we'll look at what's happening with BMNR. We'll also look at what's happening with ETH, what's happening with MicroStrategies and BTC, because there are other players that are perhaps boosting BTC that people aren't really paying attention to.
And the amount of Bitcoin they are buying is starting to get quite large. Could we have a whole new wave of Treasury bond buyers, and why is this important for ETH and BMNR? This is huge because it could also lead to the creation of more treasury companies to buy ETH. I think S-Bend will be absolutely huge in this cycle, buying up a huge amount of ETH.
They still have a long way to go to buy all the ETH they want for their treasury company. So, for the most part, I think it's incredibly optimistic. This is what happens when you start to enter the crypto spring, when things start to move forward. This is exactly what we saw. So, let's look at the information.
So, first of all , if you look at BMNR, they are at 6,6,051,933 ETH, which is absolutely impressive. They continue to add every week. If we look here, they made a buyout in the last week, okay? Purchased 2 million shares. Do you know how crazy that is? They bought 2 million shares. We bought at the average price of 2248.
So if we look at the price now, let's look at the price right at 2123. That provides some support to the stock, which is good. After all, stocks have now fallen much more than ETH. ETH didn't fall 5% today. Bitmain conducted a share buyback last week, purchasing 2 million shares, repurchased at an average price of 22.48.
Now the price has actually dropped since they were bought out. Uh, it fell 5% today, and ETH didn't fall 5% today, which doesn't really make sense, but sometimes you get parts of the market where things are kind of disconnected . And if you look at MNAV, remember, last week we were at 0.85, we are at 0.88 even taking into account the drop.
So now we should be looking at a price of around $24 a share, and instead we have around 21.18, 21.20. So we have about 12% for growth, and it's good that they're doing these buybacks. This is absolutely necessary. When you are about 15% below MNAV, there is no reason not to do it. So, uh, they also said, “ When management believes that Bitmain shares are relatively undervalued , the company intends to repurchase shares subject to market conditions and in accordance with existing repurchase authorization.” Optimizing shareholder value remains our goal.” So, these are all great things they said.
And they said that in 2026, Bitmain repurchased nearly 23 million common shares at an average price of 17.48 and for a total of nearly $400 million. This is truly a monstrous ransom. 400 million dollars. You don't realize that they are carrying out these ransoms, how many over time, how large they are.
But $400 million. That means they could hit $500 million by the end of the year , because I suspect they're doing more buybacks. So actually, you know, Bitmain is a very interesting company that, um, with these buybacks, they create a mechanism where if you fall too far below MNAV, they step in. I don't know of two other companies that do this, but we'll show more data in a second.
They have purchased another 10,000 ETH in the last week. So they still added ETH even during the buyback, which is actually quite impressive. So they keep buying ETH, they keep buying stocks. I think for the most part they do everything right and then they talk about how much they bet, which we've already looked at.
In general, that's all they could do. Now let's look at some other data that I want to show you guys. This is MSTR. MSTR, remember when he fell, uh, a week or two ago? For example, the MNAV I was showing you fell to 0.07. It went back to 0.14, and it fell because it had to be removed from the index.
Remember, from that one big index, um, and now it's at 1.13. Now it has grown again. So, this tells me that MSTR always wants to be between 0.15 and 0.120 in such cryptocurrency spring scenarios . But BMNR don't even remember, we went up to, uh, MNAV one, then we went a little bit above, and then we went down again.
So, I think BMNR needs to continue buying back shares. I would say that share buybacks are likely to become more important for BMNR. Why? There is no demand . There is demand for MSTR. Michael Saylor and MSTR are much bigger. He has many more, many more funds buying him. The thing is that these funds are constantly buying MSTR.
For BMNR to reach this level, Tom Lee needs to start doing, and he does, by the way , well, he needs to do all these road shows. It should convince more people you should buy BMNR as your proxy for ETH, which is exactly what MSTR does. That's why Michael Saylor is so successful. So, to get the MNAV up, I conclude that they're going to have to be included in more of these indexes, they're going to have to get the index up, they're going to have to ...
They're already on the New York Stock Exchange versus the NASDAQ , which is a great move. They will have to continue to interest other funds, wealth funds, everyone, because that is what will take us out of MNAV control. Yes , the beginning of the crypto spring will also help, but in the long term, I would like to see Tom Lee take a few more steps, attract more indices.
But he also understands that he needs to do something and attract more such institutions. And I'm sure he's meeting them, but they're not buying . They're not buying into his story yet. His story, his narrative are good. They just didn't buy into it the way they bought into MSTR. MSTR, people bought into the narrative.
They are all involved. You know, at some point BM and R have to have this narrative where people are turning to , we need to have access to that. So I think it's necessary at this point. So we need to look at a few things that are happening behind the scenes. Uh, retail flows . What is happening now that is putting pressure on the price of both Bitcoin and ETH is retail selling.
But what isn't happening is retailers sending their bitcoins to exchanges. These are whales who send their bitcoins to the exchange. There are not very many of them. There are always more whales, I would say, they have a higher tolerance for risk. They are calmer. They, you know, the people who are selling, these are the people who were like when Bitcoin was at 65,000, they started panicking, and it went up to 80,000, went up to 85,000, now it's down again, and they just panicked.
These retail investors don't really understand. They are very ...very sensitive. They are very emotional. What you want to be in this market is not emotional. Understand what happens over the next 6 months, over the next year, over the next 2 years as you enter a bull trend with a 4-year cycle. Understanding the 4- year cycle is absolutely essential .
Know that over the next 2.5 years we may have an upward trend. Yes, that would be a step up. You will be climbing up the stairs, you will be moving from side to side, there will be volatility, you may fall and then come back up. This is what happens during every bull trend, but not all are created equal.
So understand what's happening, focus on the prize, not the emotions . Take your emotions out of these things. Retail is working. Every time we grow, they sell. Do you think they regret it later? Of course, they regret it. Because we only go higher. So you have a long-term vision of where we're going, put that goal there.
If you think ETH will go up to 10,000, don't sell when the price reaches 2,800, and don't panic sell, you understand? Oh my God, I made a couple of dollars. But who cares? It is at the moment when the price drops, like now, that you should replenish your wallet. That's when, especially when you look at the BM and R price.
These are times when you add, not sell. So, I would say, don't be emotional. Don't be retailers. Be whales. The whales are just resting. I am a whale. I'm just resting. I don't even care about price that often. Besides, I'm into liquidity farming, so it does n't really bother me. I earn my rewards every month, right?
Strive purchased 6,182 Bitcoins for $511 million at an average price of 82,732. Do you think they care that Bitcoin is now down to 80,000? Do you think they care? No , they don't. OK? They currently hold 43,000 bitcoins. Cash and marketable securities increased from 187 million to 554 million. I mean, guys, this is another company that could start buying billions of dollars worth of Bitcoin.
I mean, that number is huge. And the reason they can do that is because they issue preferred stock where they pay something like an annual interest rate, like 15%. So they keep doing that, and, you know, 43,000. I wouldn't be surprised if these guys keep adding, and all of a sudden they hit 50,000, 60,000, 70,000.
A bullish trend comes in and they get even more access to more capital. 100,000, 120,000. They're basically trying to become MSTR because I'm fully employed. So, it's a kind of mini-MSTR. So, eventually, this will happen. Well, you don't think people look at it from a different perspective, do you? ETH, ETH treasury companies?
Of course, they are watching. JP Morgan has come out and said that it expects BTC to outperform all major asset classes over the next 10 years. And the guys from B M and R came out and said, "Oh, that's too low." Is that so? Yes, probably. I mean, I don't know. I mean, you know, Nvidia was the only stock that actually outperformed Bitcoin, you could say, for a period of time.
But other than Nvidia, picking the right stocks, I think, and being able to buy those stocks at the bottom, you know, buying one asset, like a big asset relative to other big assets, that's probably the right thing to do. I think Bitcoin, and then I would bet ETH. I think a lot of people think ETH will break out on this next, what do you call it?
At the next, um, market. Well , something else is happening . It's actually really interesting that B M and R, as well as Tom Lee, keep talking about it. I remind you that stocks of large companies have the highest correlation with cryptocurrency. Ethereum is B M and R, Bitcoin is MSTR, the cryptocurrency bull market continues.
So, they keep mentioning correlations. They are very highly correlated. Strive is apparently also present now. Which is really interesting to me because I'm still waiting for B M and R to come out on Max Fi because I'm already farming a pair of MSTRs in a correlated pair. I mean, is that what he's talking about?
I do n't really understand. He says he keeps mentioning the correlation. Well, of course it correlates. But I already have it in a correlated pair with ETH, which, by the way, I have n't had any rebalancing, which means going outside the range, and I get this profitability. And by the way, we've added some new things to Max Fi.
So , yes, you can turn your MSTR into an interest-bearing asset, which I have already done, which is essentially... It will actually grow significantly. It was higher at some point, but it will rise as the bullish trend continues. So, I'll probably make about 100%. This means I will earn more MSTR, more ETH as the market goes up.
Same thing , I have Coinbase and ETH together. So I earned this return for 52 days. So if I had just held my Coinbase or ETH shares for the past 52 days, I would have gone down. So, I'm down here on the principal of my position, but I earned this return. So, wow, I have $299 unclaimed. And if you get it, it will be 50%ETH, 50%ETH in a wrapper.
That's what's so cool about this. You can reduce the risks associated with these assets as you go. So, you're thinking, "Well, how do I do that?" First, there are a bunch of tutorials, but we also added that you can go to the "Where is this?" section. Video. Go to the video section and watch the video.
But basically, if you guys go here, you can click on stocks and see where all the annual percentage rates of the leading stocks are. And where do these commissions come from? Well, these fees are simply earned on Uniswap, Aave, or PancakeSwap. That's all. So, people who trade these stocks and these cryptocurrencies, you can do cryptocurrencies, whatever, altcoins or blue chips, and people just trade them and you just earn commissions.
It becomes a market maker, like Jane Street, like Goldman Sachs. This is a very profitable business. So finally, in cryptocurrency, we allowed people, and then Robinhood changed that, which is amazing, because MRNA is Moderna, LMT, I think it's Lockheed Martin? Wow, Lockheed Martin pays 400% and you get here, full metrics.
This is wild. I may not even know anything about Lockheed Martin, and you can go here as soon as you click on it and you'll be shown the settings. If you click aggressive , moderate or conservative. You're trading stocks, you're going to want to be conservative because you want your stock price to go up, and you...Stocks are pretty stable, so you want to just make some extra income.
You don't necessarily have to worry about an aggressive approach that could lead to permanent losses, etc. But I can't believe some of these stocks pay such amounts. The only stocks you can enter data into that have correlated pairs are MSTR, Coinbase. I'm waiting for BMNR so I can put this on ETH. I'm going to buy a whole bunch of BMNR, add ETH to them, and hopefully make 2-300%.
This way, I will earn more BMNR and more ETH. So, now I can't believe Alibaba is paying at that rate. Moderna pays. Wow, Moderna has gone crazy. I'll have to buy some Moderna stock after such a big drop. I think that fall was funny. It was Moderna. I mean, being able to buy Moderna for less than $200 and then farm it out and get income from more Moderna shares is crazy.
This is absolute madness. Reddit has become a money printing press for me. Lululemon, you have Bloom Energy, which I'll probably buy a little bit, just because I'm just researching Bloom Energy, and then Meta pays great, and the reason probably went up, you see, the rate actually went up. These are all the pools together.
Uh, they just announced they're raising $95 million billion to dive deeper into AI. I don't know how much deeper they want to go, and yes, that's my example with Coinbase. Come in. There are a lot of videos. Check out the website. Uh, I'm waiting for BMNR. ETH didn't actually fall that much. They are up 1.4%, while BMNR is down 5%.
This is funny. I hope they do more buyouts. I'm sure they'll do more buyouts today. Uh, looking at the ETH chart, it's mostly just volatile. This is a side-to-side movement. I do n't...I don't know why people sell, worry, and get so emotional. I...I don't know. This is why retail doesn't make as much money as people who don't have emotions as institutions.
These institutions are choosing a 5-10 year path forward . They look very far into the future. So if you take the same approach and look far into the future, 5 years, 3 years, 2 even 2 and a half years, go through that 4-year cycle. We have just started a 4-year cycle. This is a new crypto spring. Why do you even buy and sell for 10-20% profit?
People always try to trade on these ups and downs. Listen, you can invest some of your ETH and try to trade it, but honestly, you'll end up earning more liquidity in the end. I don't even care where the price of ETH goes. I accumulate more of it every day through my liquidity farms and just add more to the pile of ETH I have.
I take my rewards from my Coinbase and ETH shares because I know they will grow. Yes, prices will be volatile. Oil, the war in Iran–all of these will have an impact at times. But for the most part, we will always revert to the mean. And we will always start moving upwards. That's what will eventually happen.
So if we look at what's happening here, as you can see, we're just oscillating back and forth . It's a little weak, but for the most part we're at support levels. This is not the end of the world. We're just sitting there. If it breaks, yes, it could fail. But, honestly, it's just a buying opportunity.
You know, we know we're going through a crypto spring. And each time we've seen it happen before. If you look back, we've seen this happen over and over again. You saw it: it rose, it fell. Everyone is like, "Oh, it's over." And then boom, boom, boom, boom, boom. It rises again . This happens every time.
So you go up and then it drips. Everyone is like, "Oh my God, it's over." And then boom. Every time. And every time, retail doesn't know what it's doing. You guys, panic. Stop panicking . You don't know how to day trade. You cannot trade in this market. Most people can't . 99% of traders lose money, okay?
This is not a market for traders. Do you know who will make all the money here? Market makers . Here's who will earn. These volatile markets here are in the range of 3000, that is, 2300 to 2700. You know who made money? Market makers made money. That's all. This is who makes money. Point. I earn money.
I don't even care if this thing goes up or down. I just want to add more ETH and more Bitcoin as long as the price is below 3000. So this is a very typical chart that we have seen in the past. This is what I expected. It is what it is . I think the decline will continue, as I said. And now the midterm elections.
The midterm elections in America will be held on November 3. Remember this day. In 80-90% of cases, in midterm elections, the government in America will be divided, you know what? Stock market markets. Absolute ricks . I think we'll start to see the same thing here . This is exactly the situation I expect.
I'll wait, if I'm going to make any big purchases, I'll probably wait until the end of the week. If I wanted to buy more ETH, I already have a bunch of ETH , but if I were going to buy more, and I buy more every day, by the way...So I have a strategic strategy, I buy on dips almost every day. So basically what I'm going to do is, uh, do some LP farming.
Often I earn a lot on another LP and convert it to ETH. So I always make money on staking ETH. For me, it will be five dollars at 1,000, probably in early 2027, and I'm looking at over $10,000 in 2028. So I can't find another asset that I can confidently say I'm going to double and then quadruple by 2028.
This is a huge amount. I want to own as much of it as possible . And I think BMNR will play a big role. I think BMNR has the potential to rise even higher than these numbers, and that's why I own it too. That's why I'm trying to get BMNR in tokenized version so I can earn more through liquidity pools.
But for the most part, we've seen it. We have seen this game played out. So it's the same old game. Don't worry. Don't worry. We know where this is going. All metrics on the blockchain show that ETH is reaching record highs . ETH has more RWA than any other. More stablecoins. The numbers are simply huge, what is happening.
And if we start looking at the inflow of ETFs, it looks like a bear market. Remember we went through a bull market for ETH? It looks like a bear market right now. But the price, honestly, for what it's selling for, isn't that bad. And if you're still looking at 90 days, that's a positive. 30 days finally negative.
7 days is minus $290 million in sales. This is not a mass sale. These are small retail guys. Big boys , big boys, they don't sell this, okay? In fact, if you look at the last 30 days for Bitcoin, Bitcoin has had an uptrend. Can you believe this? Bitcoin didn't move that much. If you look at the last 7 days for Bitcoin, it has increased by 218 million.
So when I see this happening, I see an inflow for Bitcoin, but for ETH I see a negative inflow. I see the ebb and flow. I think to myself: well, this won't last very long. These are people, most likely retail, fixing profits. Smart people are whales, they accumulate. They are taking positions. Bitcoin has n't really fallen that much, and it's doing incredibly well , and the surge continues.
The outflow to it is very minimal. I mean, the graphs look completely different. These are tide-outflow graphs. Look at this. Actually, we will do a 30-day analysis for ETH , I mean Bitcoin. Look. OK? Nothing crazy. You think it's the end of the world for ETH. This should not be the case . The online metrics for ETH are absolutely amazing.
So there is a gap, right ? And these gaps are mended at some point . Here's what you need to understand. Again, have a long-term vision, not a short-term one. Short-term, like what I need to sell. Oh my God, I'm going to lose all my money. No, you won't lose. These are opportunities. Start defining it.
Start to understand how these things work. So anyway, guys, here's what's happening for the most part. Another typical week. Let's see what happens. Midterm elections, November 3. And I think after that, I would say within a few days after that or within this week, we should start moving up. I think the market will calm down a bit.
Another thing you should pay attention to is probably oil. I hope oil prices don't affect us too much. Previously, oil prices were rising and ETH was rising . So I'm not as worried about oil as some people are, but it can certainly shake the market here and there. But, let's see what happens. Overall , guys, I'm happy with what's happening.
This is part of the market. This is a part of the market that I have always been used to. So hopefully you'll hear from someone who has experience like me, who's been in these markets, they've seen it. This is very typical. In any case, take care of yourself. Good luck.
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