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What mNAV Really Tells You About Bitcoin Treasury Companies — and Where It Falls Short
30.11.2025
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
Texas Buys $5M in BTC ETF as States Edge Toward First Government Crypto Reserves
25.11.2025
The effort is starting small, but Texas made an opening foray into a state-based crypto reserve — getting closer to the first government stockpile in the U.S
Bitcoin's Plunge Brings Strategy's Holdings to Near Breakeven, but Key Test Lies 18 Months Ahead
22.11.2025
Michael Saylor's company's balance sheet isn't at imminent risk of collapse, but further capital-raising efforts could surely be hindered unless conditions improve
As DATs Face Pressure, Institutions Could Soon Look to BTCFi for Their Next Strategic Shift
22.11.2025
Institutional BTC investors may explore whether bitcoin-native yield, collateral and liquidity opportunities could offer the next stage of strategic deployment
Bitcoin Treasuries to Move Beyond HODL to Yield, Hedging and Share Buybacks as NAV Discount Bites
22.11.2025
As the bitcoin treasury frenzy fades, the HODL pitch isn't completely dead, but firm should consider active reserve management to stand out, analysts say
Japanese Bitcoin Treasury Firms Keep Beating BTC. Tax Policy Makes Outperforming U.S. Peers the Easy Part
21.11.2025
While U.S.-listed bitcoin treasury firms struggle to outperform ETFs, Japan’s harsh crypto tax code sends investors into DAT stocks, making outperformance easy
Exactly One Year After Strategy’s All Time High, the Bitcoin-Linked Slide Intensifies
21.11.2025
Strategy's stock price has fallen sharply alongside bitcoin, marking one of its worst drawdowns since it adopted a bitcoin treasury strategy in 2020
The Rise of Crypto Treasuries: How One Bet Sparked a Corporate Shift
20.11.2025
Michael Saylor’s 2020 move turned idle cash into crypto. Now, firms from healthcare to tech are following the playbook, with mixed results
Is This the Indicator That Bitcoin Treasury Companies Have Hit a Bottom?
10.11.2025
Jim Chanos closed his 11-month short on Strategy as multiple to net asset value compressed sharply
Trump's American Bitcoin and Saylor's Strategy Add to Bitcoin Holdings
27.10.2025
American Bitcoin acquired 1,414 BTC while Michael Saylor’s Strategy added 390 BTC
David Beckham-Backed Prenetics Raises $46.8M to Advance Bitcoin Treasury
27.10.2025
The health tech firm’s raise, backed by Kraken and Exodus, could bring proceeds to $212 million as it targets $1 billion in annual revenue and BTC holdings
Bitcoin Treasury Firms Now Valued at Less Than Their BTC Holdings Amid Crumbled Sentiment
25.10.2025
Sector giant Strategy (MSTR) still trades at a premium to its bitcoin stack, but maybe not for long if the trend continues
Digital Asset Treasuries: Bitcoin’s Institutional Test Case
23.10.2025
Digital Asset Treasuries (DATs) are the first laboratories testing how a decentralised asset can operate as productive capital within the architecture of corporate finance, argues Sygnum Bank CIO Fabian Dori
APAC's Biggest Stock Exchanges Push Back Against Digital Asset Treasury Strategies: Bloomberg
22.10.2025
Hong Kong Exchanges and Clearing has challenged at least five companies over plans to buy and hoard large amounts of cryptoassets
Bitcoin Treasury Companies, Wither Thence
21.10.2025
The next phase for bitcoin treasury companies is about building the financial architecture to keep mNAV above one, cycle after cycle, argues Greengage CEO Sean Kiernan. Those that crack the code won’t just be proxies for Bitcoin – they could be the equity layer of a new monetary system