
Joy Lou|Aug 12, 2025 10:34
The statement that BMNR is Luna, which has been making a lot of noise today, mainly comes from Snow and Twitter. On July 18th, the 8-k file disclosed that 60000 ETH was held through profitable options with $200 million in cash support. They did use leverage at that time, but the file disclosed equivalent of ETH, and the rest were holding of ETH. In theory, they should have filled the rights with ATM money.
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