📬 Intro: The End of Easy Premiums Over the past month, mNAVs have compressed across the board. Among the non-BTC treasury companies we track, the blended mNAV average (weighted by crypto holdings value) peaked at 4.3x on July 16, shortly after Bitmine began accumulating ETH. Since then, valuations have
📬 Intro: Why I’m Writing NAVigator If you’re reading this, you probably don’t have time to waste. Neither do I. That’s why I started NAVigator, to track the fastest-growing yet most misunderstood sector in the market: companies putting crypto on their balance sheets. Not just Bitcoin
Currently, CryptoTreasuries only tracks mNAV, a simple metric calculated by dividing the market cap of a company by the value of its crypto holdings. While useful as a benchmark, it's a crude metric for many reasons. A more advanced metric to keep track of is asset per share
This is CryptoTreasuries.com, a brand new site by Sean Kelley that's just getting started. Things will be up and running here shortly, but you can subscribe in the meantime if you'd like to stay up to date and receive emails when new content is published!