According to @caprioleio, Semler Scientific (SMLR) trades at an mNAV of 0.9, indicating a discount to its marked net asset value, source: @caprioleio. According to @caprioleio, its Bitcoin holdings are worth more than the company’s equity market capitalization, source: @caprioleio. According to @caprioleio, the BTC yield is 0.25% and the firm is growing its Bitcoin balance by approximately 2% per week, source: @caprioleio. According to @caprioleio, Days Cover is -48 and debt-to-market-cap stands at 17%, with leverage described as conservative, source: @caprioleio. For traders, these metrics flag SMLR as a potential BTC proxy where the NAV discount and BTC balance growth rate are key variables to monitor versus spot BTC performance and peer Bitcoin treasury stocks, source: @caprioleio.

According to @MilkRoadDaily, Ryan Watkins, Co-Founder of Syncracy Capital, highlighted that the treasury flywheel for Ethereum (ETH) is gaining momentum as capital flows in, tokens are bought, and prices rise. However, there is growing concern that if ETH-related tokens or treasuries begin trading below their net asset value (NAV), it could signal market instability or a potential bubble risk. Traders should closely monitor ETH market dynamics and NAV disparities for early warning signs of volatility or a reversal in price trends. Source: @MilkRoadDaily (Twitter, July 25, 2025).

According to FarsideUK, many cryptocurrency units are created and redeemed at the official Net Asset Value (NAV), making it a reliable approximation for traders. This indicates that the NAV can be a stable reference point for assessing the value of cryptocurrency units, which is crucial for making informed trading decisions.

According to FarsideUK, many of the units in question are created and redeemed at the official Net Asset Value (NAV), making it a reliable approximation for their valuation. This suggests that traders can use the NAV as a benchmark for assessing the value of these units, which could be particularly useful for those involved in trading or investing in funds that operate on this basis.