$BMNR $BTBT $BTCS $ETHM $ETHZ $FGNX $GAME $SBET
Daily DAT Update (Mon 10/20/25):
$BMNR adds 203,826 ETH since last week, now holds 3.2mm ETH. Current cash up from $104mm to $219mm. My guesstimate of ATM shares issued during last week is ~18mm, implying 9% of ADTV.
$BTBT beast-mode almost back to 1.0x mNAV, after Blackrock 13G reveals they 3x’d stake from 8mm to 25mm shares since last 13G. Hits intra-day high of $4.55 and finishes up 16% at $4.21.
$FGNF initiates $200mm share re-po, seeking to buy shares below NAV ($5.10 currently).
ETH up 4% from Friday’s session and DAT’s perform mostly in-line, with the exception of $BTBT +16% after Blackrock 13G filing. Volume weakness continues, stuck near $2bn ADTV for the last week.

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