DWF Ventures: Only 4 out of the 20 largest crypto treasury companies have stock prices higher than their holdings' value

Cointelegraph cites a report from DWF Ventures stating that among the 20 largest crypto treasury companies, only 4 have trading prices higher than the value of their holdings.

The report points out that this situation undermines the model these companies previously used for financing and continuing to buy crypto assets. Crypto treasury companies typically raise funds through methods such as issuing stocks, and then use the funds to increase their holdings of crypto assets like Bitcoin. The relationship between their stock prices and net asset value is a key indicator of whether this model can be sustained.