The recent weakness in the crypto market has caused the market capitalization of major DAT companies to fall below the net worth of crypto assets held, i.e. mNAV fell below 1.
BTC DAT: Strategy has a market capitalization of $59.60 billion, holds 641,700 BTC worth $62.275 billion, mNAV is 0.962;
MARA Holdings has a market capitalization of $4.51 billion, holds 53,250 BTC worth $5.168 billion, mNAV is 0.873;
Metaplanet's market capitalization is $2.738 billion, holding 30,000 BTC worth $2.99 billion, mNAV is 0.915;
ETH DAT company: BitMine has a market value of 10.41 billion dollars, holds 3.513 million ETH worth 11.23 billion dollars, and mNAV is 0.93;
Sharplink has a market capitalization of $2.16 billion and holds 859,000 ETH worth $2.75 billion, with mNAV at 0.85.
The mNAV of major DAT companies fell below 1.
2025-11-14 09:57:25
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