Bitcoin24h $105,280.17-0.74%

Ethereum24h $3,568.42-1.23%

XRP24h $2.47-3.26%

BNB24h $980.99-1.88%

Solana24h $164.41-2.35%

TRON24h $0.2986+1.47%

Dogecoin24h $0.1785-2.53%

Cardano24h $0.5824-2.40%

Hyperliquid24h $40.24-4.51%

Chainlink24h $16.18-2.24%

BTC from 2011 moves after ‘Salomon Brothers’ repossession notice

A 2011 BTC wallet moved over $400M after a supposed deadline of “constructive possession” relating to the Salomon Brothers brand elapsed.

CHART: mNAV down across bitcoin treasury companies

The premium that investors are paying for BTC treasury companies continues to decline. In other words, mNAV compression is real.

Yet again, Bitcoin was the target of fake news about a non-existent quantum computer cracking SHA-256 cryptography.

Strategy has been adding BTC to its treasury at its slowest rate in five years. Worse, its mNAV is also falling.

Donald Trump has embraced BTC, but despite that, it’s seen a much smaller relative appreciation under his leadership than it did under Biden.