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Mainstream Crypto Treasury Companies' mNAV Fall Below 1, Bitmine mNAV Drops to 0.83
Summary: According to reports, mainstream crypto treasury companies' mNAV have all fallen below 1, with Strategy's mNAV (the ratio of enterprise market value to BTC holdings value) currently at 0.937. Strategy's market value has dropped to $56 billion, holding 649,870 BTC valued at $59.9 billion. Metaplanet's mNAV is now at 0.912, with its market value falling ...
According to reports, mainstream crypto treasury companies' mNAV have all fallen below 1, with Strategy's mNAV (the ratio of enterprise market value to BTC holdings value) currently at 0.937. Strategy's market value has dropped to $56 billion, holding 649,870 BTC valued at $59.9 billion. Metaplanet's mNAV is now at 0.912, with its market value falling to $2.61 billion, holding 30,823 BTC valued at $2.84 billion. Bitmine (BMNR) ranks first in Ethereum institutional holdings, holding approximately 3.51 million ETH valued at around $10.63 billion, with its market value dropping to $8.81 billion and mNAV now at 0.83. SharpLink (SBET) ranks second in Ethereum institutional holdings, holding 860,000 ETH valued at around $2.61 billion, with a market value dropping to $2.02 billion and mNAV now at 0.84.
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Link: Mainstream Crypto Treasury Companies' mNAV Fall Below 1, Bitmine mNAV Drops to 0.83 [Copy]
