There is a pretty good chance tom lee is about to pull the options trade of the decade here

gm. Some positive developments for $ETH to start the new year: (1) The Staking Exit Queue just emptied. (2) @BitMNR mNAV is back to 1x after slipping to 0.9x. See: @BMNRTracker (3) ETH ETF flows flipped positive Friday. We’ll see if this holds up. See: @FarsideUK

US equities staking ETH: As of today, @Grayscale’s ETH ETFs are staking! 🎉 @vaneck_us filed for a stETH ETF citing benefits vs. ETH ETFs. 👇 ETH DATs like $SBET already stake 100% of their ETH and folks from other leaders (e.g. Keys at $ETHM) discuss participating in DeFi.

Pls check my math: @BitMNR sold ~5.4% of vol ATM. Lower, WoW, allowing mNAV expansion? 🤔 💎12.4b $BMNR vol 9/22 - 9/26 💎2.42m ETH & $345m cash 9/22 💎$365m from warrants 💎2.65m ETH & $436m cash 9/29 ~ $0.94b ETH inc. (est. ~$4k price) & ~$0.27b cash dec. 👉 0.67/12.4 = 5.4

With @BitMNR ( $BMNR ) trading at a 1.4x premium to mNAV, @fundstrat can sell shares ATM and effectively buy ETH at ~$2,800. gg

Shoutout to @OtherGamesXYZ & @OthersideMeta for this event. Hundreds online... games loading in just a few minutes... seamless even with 100 players/game. Impressive! Feeling good about 23rd out of 100. Anyone seeing this score more than 86k pts? --🌈🦧

Ryan2Ryan, @fabdarice’s @SERdotxyz is great research resource: @BitMNR won’t “soon own more ETH than the EF,” since they already own ~10x more! ETH is sufficiently decentralized to survive companies accumulating > 1% of the supply. BTC was w $MSTR! I think SOL will be too.

🌈🦧 back in the @OthersideMeta. 👇 Listening to apes like @TheeHustleHouse, @pm07211, & @NGBxShpend is a good way to get back up to speed on things @ApeChainHUB. ~3,000 listening on X and ~100 in-world... wen flip? P.S. The new Outbreak game is addicting.

Interesting interview yesterday from @AK_EtherMachine at @TheEtherMachine covering: (1) Staking, Restaking, & DeFi (2) Why $ETHM is best-positioned to raise via convertible debt. (3) Plans to acquire other ETH DATs that are trading < 1x mNAV. LINK 👉 https://t.co/g8ZdkU8Dxy

It’s becoming a 3-DAT race, as @TheEtherMachine announced a huge haul this week. Congrats to @AK_EtherMachine & Co.👇 @BitMNR & @SharpLinkGaming also posted their weekly updates: $BMNR: 1.87M ETH (+153K) & $635M $SBET: 837K ETH (+40K) & $72M $ETHM: 495K ETH (+150K) & $367M

Since Monday, @BitMNR has purchased ~$350m ETH and increased their cash position by ~$225m, so they’re still selling 8 - 10% of volume ATM to raise. 👇 Note: Yesterday’s $BMNR performance may be due to final PIPE shares unlocking. See: @David_Grid’s thread for details.

Last week, @SharpLinkGaming & @BitMNR purchased ~$0.9B ETH and now have ~$0.8B cash (combined). Racing to stack ETH, $SBET & $BMNR are down 2% & 9% WoW while ETH is up 4%. This may be because they’ve increased their ATM sales relative to volume: Now at 8% - 10%. Priority: ETH.

Today, @SharpLinkGaming reported 3.95 ETH / 1K shares: 🔊🦇 0.00395 ETH / Share 🔊🦇 $4,450 / ETH 🔊🦇 $17.58 / Share 👈 NAV $SBET @ $20.11 👉 1.14x mNAV w/ @BitMNR & @MicroStrategy trading @ 1.5 - 2x range, where will $SBET be in Q4? Comment why this is/isn’t a steal. 🙏👇

Big news from @SharpLinkGaming ($SBET) and @BitMNR ($BMNR), but BMNR is pulling farther ahead with ~$1b in purchases vs. $300m for SBET. 👇 SBET has $600m in cash and a much higher remaining ATM limit, but we should expect BMNR to raise their limit or otherwise raise more s00n.

Still looking good for Ethereum👇 🦇🔈 ETH DAT purchases remain high (e.g. @SharpLinkGaming w/ ~$300m/week). 🦇🔈 mNAVs across $SBET, $BMNR, & $DYNX are 1.2x - 1.5x w/ room to match or exceed $MSTR given ETH staking yield. Credit @maxxtfsa & @NonFungibleChad for these charts.

Wow, @BitMNR ($BMNR) is increasing their ETH-purchase limit by $2.5B. So far, they’ve bought ~$114M ETH per day over 16 days. 👇 @SharpLinkGaming ($SBET) is voting to approve their $5B increase today. The race between @fundstrat & @ethereumJoseph is on! There’s not enough ETH.

It’s looking good for Ethereum 👇 @SharpLinkGaming w/ $5B @BitMNR w/ $2B @TheEtherMachine w/ $1.5B & @ethereum ETFs w/ $7.5B (net)

It’s been my privilege to work with so many great people at DG over these last few years, including but not limited to @leorofe, @matthewbarby, Joker, Courtney, mGuy, Saus, Spicy, & Miles. Spicy has runway to build. If I have more to give as a part of the DAO, I’ll give it. 🫡

With tens of thousands of stakeholders, the DAO allocated resources across multiple areas and the team shipped quickly, but, since the project was not able to re-achieve profitability, reducing costs this year and narrowing the focus under new leadership is the right decision.

However, as interest in the metaverse and NFTs dropped off in late ‘22/‘23, the DG DAO focused on: (1) ease of onboarding; (2) adding sinks/burn to make the games more sustainable; and, (3) new business models: Arcade, Free Play Mode, a 2D casino under a new brand, and BAG City.