DWF: Just Four of 20 Crypto Treasury Firms Trade Above Holdings Value
A DWF Ventures report found that only four of the 20 largest crypto treasury companies in its sample had market valuations exceeding their digital asset holdings.
Most major crypto treasury companies in a DWF Ventures sample are trading without a premium to their digital asset holdings, according to a Sept. 24 report cited by The Defiant.
Of the 20 largest companies examined, just four had equity valuations above the value of the crypto they held. The finding applies to DWF’s sample rather than the entire crypto treasury sector.
The results highlight a challenge for companies that fund token purchases by issuing shares. When their stock does not command a premium to their crypto holdings, further share sales to expand those holdings become harder to justify.
Source: The Defiant
