Shares outstanding for $BMNR Bloomberg: 173.5M SeekingAlpha: 109.53M ChatGPT: 121.7M mNAVs: Blockworks: 1.88x CryptoTreasuries: 1.03x ETHStrategicReserve: 1.8x Analyst estimated mNAV: 1.3x Estimates vary by ~80% at extremes Real answer: no one knows Until the FDSO (fully diluted shares outstanding) are disclosed by $BMNR or other DAT's all figures are incorrect Unless it is material; companies don't have to report until quarter end What is "material" is arbitrary and at the discretion of the board. CT will endlessly debate discount/premium without knowing this can change with 1 filing