BitMine @BitMNR will distribute up to $20 billion in stock to the secondary market for fundraising, essentially diluting the value of the stocks held by users through the issuance of new shares to buy Ethereum.
For value investors, the normal operation should be to buy Ethereum instead of buying $bmnr. I have sold the remaining principal of my $bmnr, and currently hold the coins at zero cost, letting the profits soar. Ethereum $ETH spot still held.
