Bitcoin Stocks Face Devaluation

Bitcoin Treasury Companies' Values Declining

KindlyMD, Strive, and Capital B, among the top 20 Bitcoin treasury companies, are trading below their mNAV values due to debt risk and weak market sentiment. This situation is negatively impacting their valuations.

Recently, share buybacks and creative treasury strategies implemented by companies like Empery Digital and Sequans Communications have not yet succeeded in pushing share prices above their NAV values. The early-stage and major player Strategy continues to trade above its Bitcoin assets, but this premium is narrowing quickly.