$BMNR · InvestAnswers · 2026-10-26
BMNR 负债沉重：其约 245 亿美元买入的以太坊目前价值约 139 亿美元，估计亏损接近 64.2 亿美元；ETH 买入已放缓，仿佛停滞，距离 5% 供应目标仍需再买入 55,000–58,000 枚 ETH。说话者认为过度买入是损害账户的风险。
逐段跳播
现在，Bitmain，这家告诉我的公司，是个骗局。他们已经接近5%的目标。他们持有以太坊总供应量的4.95%，在上周增持1万枚以太坊之后，这大约相当于605万枚以太坊。讽刺的是，据我所知，他们是唯一在买入以太坊的人。
但我认为他们还需要再买入5.5万到5.8万枚以太坊才能达到5%的目标。买入进程又一次放缓，仿佛完全停了下来。但现在正是买入的合适时机，而不是以后。尤其是关于 Bitmain，当我做简单计算时，发现他们负债很重。
他们在以太坊上花了大约245亿美元。他们的以太坊钱包价值超过600万枚以太坊。他们花掉的价值是205亿美元。他们目前持有的以太坊价值约为139亿美元。这意味着他们正在承受估计约64.2亿美元的亏损。
如果他们今天能把这笔亏损转换成以太坊，那将价值280万枚以太坊。因此，正如我们之前提到的，风险在于过度买入，这可能会严重损害你的账户。无论如何，我认为他们的净资产价值溢价大约在0.92，这接近这类公司通常的区间，也就是0.95和0.92，而且非常接近 MicroStrategy 的净资产价值溢价。
Now, Bitmain, this company that's telling me, is a scam. They have come close to their 5% target. They own 4.95% of the total Ethereum supply, which is equivalent to approximately 6.05 million Ethereum after the addition of 10,000 Ethereum last week.
Ironically, they are the only ones buying Ethereum, as far as I know. But I think they need to buy between 55,000 and 58,000 additional Ethereum to reach their 5% target. Once again, the buying process slows down, as if it has stopped completely.
But now is the right time to buy, not later. Especially with regard to Bitmain, when I did my simple calculations, I found that they were heavily indebted . They have spent approximately $24.5 billion on Ethereum.
Their Ethereum wallet is worth more than 6 million Ethereum. The value of what they spent was $20.5 billion . The value of the Ethereum they currently own is approximately $13.9 billion.
This means they are incurring a loss estimated at approximately $6.42 billion. If they were able to convert this loss into Ethereum today, it would be worth 2.8 million Ethereum.
Therefore , as we mentioned earlier, the risk lies in excessive purchases that could severely damage your account. In any case, I think their net asset value premium is around 0.92, which is close to the usual range for these companies, where it is 0.95 and 0.92, and very close to MicroStrategy 's net asset value premium .