Glider in DL News: Bitcoin treasury slump deepens as 40% trade at discount: ‘It’s an abomination’
Bitcoin treasury slump deepens as 40% trade at discount: ‘It’s an abomination’
At least 37 of the top 100 Bitcoin treasury companies trade below their net asset value. Macro analyst Alex Kruger calls the model “an abomination” comparable to the Grayscale Bitcoin Trust collapse. Companies trading below NAV cannot raise capital without destroying shareholder value.
Pedro Solimano
