Crypto Treasuries in for “Bumpy Ride” as NAV Premiums Drop

Crypto Treasuries in for “Bumpy Ride” as NAV Premiums Drop

08 Sep Crypto News

The premiums of digital asset treasury (DAT) firms are falling and it’s likely to worsen in the near future unless they take action, says New York Digital Investment Group (NYDIG).

NYDIG global head of research Greg Cipolaro said on Friday that the gap between stock price and net asset values (NAV) of major Bitcoin (BTC) buying firms such as Metaplanet and Strategy “continue to compress” even as BTC has reached new highs.

“The forces behind this compression appear to be varied,” Cipolaro added. “Investor anxiety over forthcoming supply unlocks, changing corporate objectives from DAT management teams, tangible increases in share issuance, investor profit-taking, and limited differentiation across treasury strategies.”

Source link

Tags: