According to @MilkRoadDaily, ETH treasury companies have become the leading focus for crypto traders, overtaking memecoins in popularity. While many investors traditionally rank these companies by the sheer amount of ETH they hold, @MilkRoadDaily emphasizes that a more sophisticated trading strategy involves ranking them by their premium, calculated as Market Cap divided by ETH treasury value. This approach highlights which companies, like $BTCS, are trading at a premium relative to their underlying ETH reserves, offering traders new angles for identifying value and potential arbitrage opportunities in the crypto market (source: @MilkRoadDaily).