Bitcoin Treasury Firm Valuation Crisis: Third Face Trouble as Market Values Lag Asset Holdings

The cryptocurrency world is a rollercoaster, offering both exciting opportunities and unexpected challenges. One of the latter is facing a concerning trend for Bitcoin treasury firms: approximately one-third trade below their net asset value (mNAV). This troubling situation, highlighted by Capriole Investments, raises questions about the sustainability of these firms and their potential impact on the broader crypto market. 💰