Bitcoin
DWF Ventures Puts Strategy's Bitcoin (BTC) mNAV Below Par at 0.97x
COINOTAG·September 25, 2026·1 min read
DWF Ventures' September 24 report shows only 4 of 20 crypto treasury stocks trade above their Bitcoin holdings, with Strategy, the largest BTC holder, at 0.97x mNAV. This below-par valuation reflects market sentiment toward companies holding Bitcoin as treasury assets.
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