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mNAV Flash News List | Blockchain.News
Flash News List

List of Flash News about mNAV

Time Details
2025-09-03
05:08
BTC, ETH Proxy Stocks mNAV Update: Top 10 BTCTCs Average 1.67 vs ETHTCs 1.23, Excluding Coinbase and Yunfeng Financial

According to @Andre_Dragosch, the average mNAV of the top 10 BTCTCs is 1.67 and the average mNAV of the top 10 ETHTCs is 1.23, excluding outliers such as Coinbase and Yunfeng Financial, source: @Andre_Dragosch on X, September 3, 2025. This shows BTCTCs in the measured group have a higher mNAV than ETHTCs by 0.44 under the same methodology, source: @Andre_Dragosch on X, September 3, 2025. The calculation explicitly removes Coinbase and Yunfeng Financial from the sample as outliers, source: @Andre_Dragosch on X, September 3, 2025.

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2025-09-01
01:54
BTC Valuation Signal: 20% of Bitcoin Treasury Companies Have mNAV Enterprise < 1, Below All-Time High

According to @caprioleio, when accounting for enterprise value including debt, 20% of Bitcoin Treasury Companies currently show mNAV Enterprise below 1, source: Charles Edwards (@caprioleio) on X, September 1, 2025. He adds that this percentage has not reached a new all-time high, source: Charles Edwards (@caprioleio) on X, September 1, 2025. He characterizes this as good news, indicating the breadth of this condition is not at an extreme relative to history, source: Charles Edwards (@caprioleio) on X, September 1, 2025.

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2025-08-16
07:51
MSTR, SBET Dilution Tests mNAV Narrative — Treasury-Company Trade Underperforms Underlying, Pressuring BTC Proxy Plays

According to @adriannewman21, market confidence in the mNAV narrative is being questioned as MSTR and SBET issue equity and underperform their underlying assets, raising doubt about the treasury-company approach to crypto exposure (source: @adriannewman21). According to @adriannewman21, this dilution-driven underperformance challenges the appeal of equity-based crypto proxies and may shift focus to tracking mNAV premiums/discounts versus underlying and the pace of new share issuance (source: @adriannewman21). According to @adriannewman21, traders are reacting to widening performance gaps relative to underlying assets, which can compress valuation multiples for treasury companies and impact BTC proxy trades that rely on tight mNAV alignment (source: @adriannewman21).

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2025-06-04
00:34
Months to mNAV Cover Explained: Impact on Bitcoin Treasury Stocks and Yield Metrics for Crypto Investors

According to Adam Back on Twitter, the thread provides a clear breakdown of the 'Months to mNAV Cover,' analyzing how this metric relates to the mNAV (multiple of market cap versus BTC treasury net asset value) and the yield, which is the rate of increase in BTC per share (source: Adam Back Twitter, June 4, 2025). For traders, understanding these metrics is crucial as they directly affect the valuation and trading strategies of crypto treasury stocks like MicroStrategy. A lower Months to mNAV Cover suggests faster alignment between market cap and Bitcoin NAV, signaling potential undervaluation or overvaluation opportunities. The yield metric, reflecting BTC/share growth, helps investors identify treasury stocks with strong Bitcoin accumulation rates, which may outperform during bullish BTC cycles. These insights are especially relevant for portfolio allocation and risk management in the crypto equity market.

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