Digital Asset Treasury companies and mNAV premiums (part 2: why these shouldn't trade at a premium)
Last week, I posted Digital Asset Treasury companies and mNAV premiums (part 1: overview + bull thesis). I'd obviously encourage you to read that post for background, as in today's post I want to build on that post and dive into why I don't think these companies should trade for a premium. And, if you missed part 1, I'd encourage you to sign up to not miss any more posts going forward:Finance