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![hardart__ Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::45987833.png) HARDART TRΞASURY [@hardart__](/creator/twitter/hardart__) on x 5068 followers
Created: 2025-07-17 13:05:36 UTC

@glxyresearch @SharpLinkGaming @Charles_BTCS @narrenschiffe2 @econoar MY TAKE

- mNAV heady. $MSTR mNAV peaked 3.3x. Many SER 4+
- mNAV reporting inaccuracies
- Expect dilution: Raise targets ≠ Raised
Target|Raised
$GAME: $100M|$8M (8%)
$BMNR: $2B|$250M* (12.5%) [*bought $500M ETH]
$BTCS: $225M|$62.4M (~28%)
- $SBET outlier $425M|$954M (225%!!!)


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945832255043039241/c:line.svg)

**Related Topics**
[market cap](/topic/market-cap)
[$bmnras](/topic/$bmnras)
[$eth](/topic/$eth)
[$954m](/topic/$954m)
[$425m](/topic/$425m)
[$624m](/topic/$624m)
[$225m](/topic/$225m)
[$btcs](/topic/$btcs)

[Post Link](https://x.com/hardart__/status/1945832255043039241)