
IREN Gain Hunter
Traded Value$BitMine Immersion Tech(BMNR.US) is lamentable. The crypto market is in turmoil. IREN uses the company's net income to buy back shares to stabilize the stock price, MSTR has just fallen below the cost line, and late entrants like DAT have almost no way out. SBET and BMNR need ETH to rise by 50% just to break even. Good companies and good management are definitely not just dilution machines that blindly issue more shares. Failing to manage market capitalization properly and blindly believing that ETH will skyrocket will ultimately lead to a mess. They can't maintain a premium nor can they influence ETH. No matter how much money is spent on promotion, it's not as attractive as real growth. Seeing the crypto market crash, how many people will still enter the crypto market to get hurt?
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