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Crypto Treasury Stocks: How mNAV and Dilution Affect Value

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Crypto Treasury Stocks: How mNAV and Dilution Affect Value

A bigger bitcoin or ether treasury need not mean more crypto per share—or a positive stock return. Strategy’s disclosures show why the valuation formula matters.

A bigger bitcoin or ether treasury need not mean more crypto per share—or a positive stock return. Strategy’s disclosures show why the valuation formula matters.

svg]:px-3 text-sm font-normal text-accent-foreground border rounded-lg px-4 py-2 hover:bg-cta-primary-background" data-slot="button" href="/tag/digital-asset-treasuries">Digital Asset Treasuries svg]:px-3 text-sm font-normal text-accent-foreground border rounded-lg px-4 py-2 hover:bg-cta-primary-background" data-slot="button" href="/tag/microstrategy">Microstrategy svg]:px-3 text-sm font-normal text-accent-foreground border rounded-lg px-4 py-2 hover:bg-cta-primary-background" data-slot="button" href="/tag/crypto-treasury">Crypto treasury

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