“Falling Share Prices Push Bitcoin Treasury FIRMS BLOW KEY VALUATION Thrashold.”, – WRITE: www.coindesk.com
MNAV CAN BE DEFINED As A METRIC THAT MARKET CAPITALIZATION OF A CRYPTO Assets ITS Balance Sheet.
Access to the Company’s Website, Its Currently Valued at 0.99X MNAV. Metaplanet’s Definition of MNAV INCLUDES TOTAL DEBT, WHICH STANDS AT $ 24.68 Million, Representing ITS AGGregate Outstanding Debt. Metaplanet is the Fourth-Largest Bitcoin Treasury Holder Globally, with 30.823 BTC, Representation A Treasury Worth $ 3.5 Billion.
The Company’s Share Price Fell 12% On Tuesday, Closing At 482 Yen. While, Its Share Price Is Up 35% Year-To-Date.
Similarly, Kindlymd (Naka) is Also Trading Below a 1.0x MNAV. ITS Website Shows that Shares Are Currently Valused at 0.959X MNAV. NAKA HOLDS 5.765 BTC WORTH AT CURRENT PRICES OF $ 646 Million. It Current Share Price Is Trading At $ 0.85, Down Over 95% From Its All-Time High.
Meanwhile, The Largest Bitcoin Treasury Holder, Strategy (Mstr), Continues to Command One of the Highest Premiums in the Industry with An MNAV MULTIPLE OF 1.48x. This Figure Includes the Enterprise Value, Incorporating Perpetual Preferred Shares and Convertible Debt.
Strategy Holds 640,250 BTC, ValUED AT ROUGHLY $ 72 Billion at Current Prices. Despite this Massive Treasury, and Accuumulating 193.850 BTC in 2025, The Company’s Stock Has Underforated, Gaining Only 5% Year-To-Date Compared to Bitcoin
Accorming to Forbes, More Than 228 Publicly Traded Companies AnnounCed A Digital Asset Treasury (DAT) in 2025, Collectively Investing $ 148 Billion Into Crypto. The Report Also Notes that 15% of these dats are trading bevel a 1.0x mnav,.

- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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Despite the largest etf outflow in weeks and a Sharp Bitcoin Price Drop, Ibit Continues to Attract Capital.
- Blackrock’s ibit Recorded $ 134 Million in Inflows Over The Past Two Trading Days and 10 Consuctive Days of Net Inflows.
- Bitcoin’s Performance Durying Us Trading Hours Has Weaned Sharply, Falling from Over 10% Gains in Early October To 1.7%, Thought IT Still OutperForms Europe and Asian Sen.
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