What mNAV Really Tells You About Bitcoin Treasury Companies — and Where It Falls Short
NYDIG’s research head questions how mNAV is used to assess bitcoin treasuries, arguing it masks key risks tied to capital structure and equity dilution.
NYDIG’s research head questions how mNAV is used to assess bitcoin treasuries, arguing it masks key risks tied to capital structure and equity dilution.
The company adopted a bitcoin treasury plan by deploying a strategy inspired by Metaplanet, with 66% shareholder approval, to mitigate negative returns from government bonds.
The executive chairman of bitcoin treasury firm Strategy teased a switch from orange dots to green dots in what’s become his routine cheeky Sunday X post.
S&P Global last Wednesday slashed its rating on Tether’s USDT stablecoin to its weakest score.
The goal of the upgrade is to enable Ethereum to handle the large transaction throughput from the layer-2 chains that use the blockchain as their base layer.
A sharp market pullback has exposed which BTC-focused public companies can actually execute, and which were never built for volatility.
The firm’s US-listed spot bitcoin ETF IBIT, launched in January 2024, reached $70 billion in assets in record time and has generated hundreds of millions in fees.
Denis Dariotis, the youthful founder and CEO of cryptocurrency-focused trading software firm GoQuant, talks about building a billion-dollar-a-day trading startup during his formative years.
Phong Le says Strategy has no near-term debt maturity risk and plans to continue using convertibles and equity to grow its bitcoin position over time.
A new reporting system, DeCripto, will be introduced in July 2025 to track crypto transactions.