What Is MNAV? The Investor’s Guide To Valuing Bitcoin Treasuries
mNAV, or market net asset value, is a valuation metric that expresses the real-time economic value of a company’s bitcoin reserves. It adjusts the company’s holdings to the current market price of bitcoin, accounts for liquid cash and debt, and factors in share dilution. mNAV provides a clearer picture of a bitcoin treasury company’s true...
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