Published 10/15/2025

Video: https://youtu.be/LyccqtFOTiI

One day I suddenly remembered that FAZE used to be a public company and I wondered what happened to it. Well, this is the company that bought it and I couldn’t be any happier I had that thought because this stock is crazy undervalued.

What do they do?

There are two components to this company and BOTH are undervalued respectively, now imagine if the fair value of both was combined 🤔

Treasury Strategy

We all know about Microstrategy and BMNR but they have nothing on this treasury strategy and here's why...

1. They trade at 0.7x mNAV compared to BMNR's 1.0x and MSTR 1.5x making them undervalued on a straight crypto basis. They have over 10 mil in unrealized gains so far.
2. They partnered with Dialetic (a Swedish crypto firm) and target a 8-14% annualized yield on their ETH (first two months results are published on their site) this is better than BMNR (5% APY) and Coinbase (2% APY).
3. They don’t raise capital through preferred shares and debt (like strategy) or try and trick their investors into thinking they sold equity at a premium (BMNR).

They currently hold around 90 million dollars in cash and on-chain assets with no debt which means their treasury strategy is worth more than their mkt cap! Most other companies trade at higher mNAV around 1-1.5x which means their is significant short-term potential in this stock.