mNAV has become the go-to valuation shorthand for bitcoin treasury stocks — but a growing number of analysts are warning it oversimplifies the story. The rise of mNAV in bitcoin finance Over the past few years, a class of publicly traded companies has emerged whose… Read More
For the past twelve months, Strategy (MSTR) Executive Chairman Michael Saylor has maintained a consistent pattern, making a playful X post nearly every Sunday using a chart with orange dots to suggest a Monday announcement of additional bitcoin BTC$91,425.49 purchases. The pattern appeared to break… Read More
Strategy CEO Phong Le says the company now has “more flexibility than ever” to continue accumulating bitcoin, citing a capital structure built on long-dated debt, opportunistic equity access, and no short-term refinancing pressure. Speaking on the most recent episode of the “What Bitcoin Did” podcast,… Read More
BlackRock’s bitcoin exchange-traded funds (ETFs) have become the firm’s most profitable product line, according to Cristiano Castro, director of business development at BlackRock Brazil. The figure is notable given that the firm manages over 1,400 ETFs globally and is the world’s largest asset manager with… Read More
Denis Dariotis, the 22-year-old founder and CEO of cryptocurrency-focused trading software firm GoQuant, remembers the constraints and pressures of maximizing his trading portfolio while he was still in the third grade at school. “I remember telling my teachers I had to take 10 minutes out… Read More
The premium — which tracks the price spread between Coinbase and the global market — acts as a read on U.S. capital flows in previous cycles.
