Only Four of 20 Largest Crypto Treasury Companies Trade Above Holdings Value
The gap weakens the financing model these companies use to raise funds through stock issuance and increase their Bitcoin holdings.
Only four of the 20 largest crypto treasury companies trade above the value of their crypto holdings, weakening the stock-funded model used to raise money for additional Bitcoin purchases.
The comparison covers the 20 largest companies in the crypto treasury sector. Most of them do not trade above the value of the digital assets they hold.
Crypto treasury companies typically issue stock to raise funds and use the proceeds to increase their Bitcoin holdings. The relationship between a company’s share price and the value of its holdings is a key measure of that financing model.
With only four companies trading above their holdings value, the stock-funded strategy is weaker across most of the largest companies in the sector.
