Tom Lee sets the tone for BMNR: no selling ETH, and even staking rewards won’t be converted to dollars.
This is completely opposite to what the market was betting on—“selling to pay off debts.” BMNR has been buying ETH for 60 straight weeks. Tom Lee says preferred share dividends can be covered by staking rewards first.
Retail traders on the Binance Plaza are cursing the needles, but institutions are instead playing with Thursday closing-price predictions.
Key take: the market is still treating it like a mining-stock, but the narrative has shifted to an “ETH staking cash-flow company.”
The question is: if ETH breaks through a certain price level, will staking rewards still be enough to cover the dividends?
This is completely opposite to what the market was betting on—“selling to pay off debts.” BMNR has been buying ETH for 60 straight weeks. Tom Lee says preferred share dividends can be covered by staking rewards first.
Retail traders on the Binance Plaza are cursing the needles, but institutions are instead playing with Thursday closing-price predictions.
Key take: the market is still treating it like a mining-stock, but the narrative has shifted to an “ETH staking cash-flow company.”
The question is: if ETH breaks through a certain price level, will staking rewards still be enough to cover the dividends?