The valuation of companies specializing in Bitcoin treasuries has decreased significantly, as their market values fall below their Bitcoin asset holdings. This decline, which began accelerating from mid-2024, is primarily attributed to a waning interest from investors and a simultaneous drop in stock prices, affecting the market value to net asset value (mNAV) ratio.
Continue Reading:Bitcoin-Based Firms Face Valuation Challenges
Source: https://en.bitcoinhaber.net/bitcoin-based-firms-face-valuation-challenges