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.
By: The Defiant Team •
Markets
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.
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