MSTR's mNAV has dropped to 0.96 Last year it was above 2.5, and the premium logic supported the entire BTC concept stock narrative. Now it's below 1, buying the stock is cheaper than directly buying BTC. On the other hand, for ETH, BMNR has been accumulating 50k+ ETH every week for three consecutive weeks. What the foundation is selling, it's buying. The premium on BTC concept stocks has disappeared, while ETH concept stocks are bottom fishing. The tables have turned.