Only 4 of Top 20 Crypto-Holding Companies Trade Above Asset Value: DWF Research
DWF Ventures reports that only 4 of the top 20 crypto-holding companies trade above their asset value. Bit Digital (BTBT), Strive (ASST), Hyperliquid Strategies (PURR), and BitMine (BMNR) have mNAV above 1x. Strategy (STRC), the largest, trades below its Bitcoin holdings' value. The report suggests these companies' valuations are shifting towards revenue and management capability.




