Ether (ETH) Digital Asset Treasury Companies Outpace Peers as Crypto Tailwinds Build: B. Riley
Crypto markets have climbed about 10% since Nov. 20, and ether-linked digital asset treasury companies (DATCOs) have been among the biggest beneficiaries, according to investment bank B. Riley.
The bank tied the gains to improving risk appetite after European Central Bank (ECB) comments reignited talk of a gradual shift away from the U.S. dollar as the dominant reserve currency, alongside expectations for interest rate cuts.
Across the 25 DATCOs the bank tracks, the group’s median mNAV rose to about 1.0x from 0.9x since the prior update, with the average also moving to roughly 1.0x from 0.9x.
mNAV compares a company’s enterprise value (EV), which is a firm’s market cap plus debt minus any cash, to the market value of its crypto…
