nirvan
2.4K posts

nirvan
@nirv_g99
wanna be investor, biohacker and comedian
Universe Katılım Eylül 2013
1.5K Takip Edilen198 Takipçiler

Give Ethyn Ewing the next undeafeted fighter, Farid Basharat #UFCVegas115
English

weird decision definitely had the first 2 rounds to murphy, should have been a draw #ufclondon
English
nirvan retweetledi

Strategy has acquired 168 BTC for ~$18.8 million at ~$112,051 per bitcoin and has achieved BTC Yield of 26.0% YTD 2025. As of 10/19/2025, we hodl 640,418 $BTC acquired for ~$47.40 billion at ~$74,010 per bitcoin. $MSTR $STRC $STRK $STRF $STRD strategy.com/press/strategy…
English

Its the same every week buy on Friday when it dumps then sell on Monday when the market recovers
Coin Bureau@coinbureau
🚨JUST IN: The crypto market just added $106 BILLION in the past 24hrs. #BULLS back?
English
nirvan retweetledi

nirvan retweetledi

Fellow $SBET holders, the rage is justified. The screen is spitting in our faces. $SBET sits at about 16.76 on the day, red, while $ETH is ripping around 4,462 and green, and $BMNR is cruising near 44.90 and also green. The company’s own dashboard says NAV per share about 17.90, mNAV about 0.95x, ETH per 1,000 shares 3.94, diluted shares roughly 131.6 million, ETH stack about 837,230, cash about 71.6 million, staking yield about 3.38 percent, shares bought back exactly 0.0 million. Zero.
They talked buybacks a few weeks ago, then bought nothing, and kept selling stock into a discount. That is how per share value gets bled out. It is infuriating and it is happening in plain sight.
This is not complicated. The company keeps feeding the ATM below one times NAV, the street hedges it, and the tape gets sat on. ETH goes up, our equity gets stuffed. ETH per share erodes because the denominator keeps growing, so every ETH rally adds less to each share. The discount sticks because management keeps telling the market there will always be more paper. That is not capital allocation, that is death by a thousand drips. The buyback talk reads like a cruel joke when the dashboard itself shows shares bought back, zero. If there was a real intention to support holders under NAV, prints would be posted and the discount would tighten. Instead we get press, then dilution, then silence.
Fundamentally this should be simple. No debt. A fat ETH pile. Cash in the bank. Staking yield. Instead we get the worst path imaginable for existing owners, sell stock under NAV to chase a vanity ETH total, then brag about the gross wallet while ETH per share slides. That is how a premium never forms. That is how $BMNR steals the narrative and the flow. They sprinted, this team crawled, and we eat the spread every single day.
Technically the chart is a mess. Lower highs, lower lows, constant rejections under VWAP, and heavy selling volume on red candles. The mNAV line hugs a discount and refuses to mean revert. Correlation to $ETH is broken intraday because supply trumps beta. Even the covered call band-aid is gone, premiums have bled out, IV is crushed, and selling calls now pays pennies while capping the only miracle left, a sudden halt of issuance and a snap back to NAV. That is a clown trap, not a strategy.
Everyone who is pissed is correct. The anger comes from the math. When a company issues below NAV, NAV per share goes down, and the stock trades like a cheap, leaky ETH proxy. When a company announces a buyback and executes nothing, trust vaporizes. When communication around share count stays fuzzy, the market assumes the worst and discounts the hell out of it. Holders are not crazy. Holders are getting diluted.
What needs to happen is not rocket science. Pause the ATM when price is below NAV. Publish diluted share count daily so no one has to guess. Prove buybacks with filings and reduce the count when the stock trades at a discount to the wallet. If they refuse, then stop pretending this is about creating value for owners. At that point it is a paper mill strapped to a ledger.
For anyone who wants clean performance without corporate games, consider stepping to $ETH, or if real torque is the goal and the risks are understood, $ETHU. For those staying, demand receipts, not tweets, and trade what is in front of us, not what was promised. Until management changes course, $SBET will keep acting like dead weight while $BMNR and $ETH leave it behind.
This community is not wrong. We are being diluted, the premium is gone, and the company is the one pressing the sell button. Fix the issuance, show real buybacks, and the chart will fix itself. Keep the hose on, and this stays trash.
English
nirvan retweetledi

CHARLES JOHNSON WITH THE NASTY KO! x.com/Themmaarchives…
English









