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10x Research Says Crypto Treasury Companies Trade Below NAV, Creating Investment Opportunity

10x Research Says Crypto Treasury Companies Trade Below NAV, Creating Investment Opportunity

  • 10x Research said the gap between the market capitalization and net asset value (NAV) of Bitcoin and Ether treasury companies could present an investment opportunity.
  • The report said that when the Grayscale Bitcoin Trust traded at a 47%% discount to NAV, investors could gain indirect exposure to Bitcoin at less than $10,000 per coin.
  • 10x Research said some companies are now trading at levels below NAV, meaning the price gap could offer a new opportunity and that a single announcement could potentially double returns.

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Companies holding reserves of cryptocurrencies such as Bitcoin and Ether are trading at market capitalizations below their net…

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