The upside for $ETH treasury stocks $BMNR is impacted by how much ETH could rise in the future - $MSTR saw 11X in $BTC from 2020 to 2025 ETH has been rangebound since 2020... but stablecoins are creating the "chatGPT moment" for crypto @BitMNR
2/ Of the 35X rise in $MSTR price: - 11X due to $BTC Bitcoin rising from $11k to $118k - 25X due to Treasury strategy - aka increase in BTC per share Treasury strategy far more significant than token price gain @BitMNR $BMNR
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