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![yappr_ Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1797106441116868608.png) yappr [@yappr_](/creator/twitter/yappr_) on x XXX followers
Created: 2025-07-24 23:18:35 UTC

@5toads_eth so this is from their filing today showing they have 112m shares

makes sense too they have 2.x billion in eth 

and all the treasuries have been trading 2x nav 

so being 4-5b MCAP would be right in line with expectations

![](https://pbs.twimg.com/media/GwqLjRkXMAAw37Z.jpg)

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