They also aren't sending their brightest for the BTC treasury cos, and this is before unlocks at $1.12

The main reason I've focused my posts on $ETH treasury cos even though I own $BTC $ETH $SOL is because they are the most diverse and impactful to market cap. BTC is owned by Saylor now treasury wise, the coin does as he says and there's not a lot of room for variation when a gigantic whale is in the room. He sets the price and multiple. He decides when he wants to effect price. ETH had lagged and now there is multiple competitors trying to be the largest, the ETH treasuries are the same size if not bigger than the new startup BTC treasury companies even though ETH is a fifth the size. The competition is forcing them to buy ETH to beat each other while on BTC Saylor can just watch the tiny competitors. So you have a BTC treasury company be happy they announced a $500M PIPE while Tom Lee and Lubin bank $200-300M in a single day on the ATM and ETH is a fifth the size so Lee/Lubin have won by 2-3x. And they are doing this every single day.

Kind of crazy to look at if $BMNR ATM was 7.5% of their volume then they raised $200M just today. Was a record volume day ex-announcement day. $SBET volume creeping up too, at 7.5% they would be at $91M raised today. That's a lot of $ETH to buy

$FGF Files for a $5B offering with $4B of that being an ATM offering with proceeds to be used in their recently announced $ETH treasury strategy that included a $200M PIPE

$BTBT - an $ETH treasury company with 120K ETH ($460M) is doing a carve out IPO of their White Fiber AI data center biz. Selling 20% of shares and maintaining 80%. $WYFI IPO was 9x oversubscribed and indicating to open up 100%

$NAKA merger happening soon on the $BTC treasury side of things Shares that unlock after the merger closes- Nakamoto shareholders - 22.3M PIPE from $1.12 - 455.4M PIPE from $5 - 10.3M The company will look to register the resale of PIPE shares within 30 days of merger close

$BMNR is now +50% from its PIPE unlock low of $27.61 in after hours of 7/28, sticking to the plan of buying the PIPE unlock has worked well

$SBET raises $200M from 4 institutional investors at $19.50. Expected to close 8/8 and push the treasury over $2B

That volume surge in $BMNR after Tom Lee went on CNBC had it close up 15.5% on near record volume (post ATM). Largest green day since the ATM offering began

$ATNF - ETHZilla closes its $425M private placement to begin its $ETH treasury strategy