Bitcoin24h $94,175.60-0.44%

Ethereum24h $1,797.93-1.72%

XRP24h $2.09-4.01%

BNB24h $598.13+1.04%

Solana24h $144.36-1.66%

Dogecoin24h $0.1678-3.51%

TRON24h $0.2453-0.95%

Cardano24h $0.6574-4.36%

Sui24h $3.30-4.48%

Chainlink24h $13.43-4.62%

MicroStrategy wannabes and the return of mNAV mania

Crypto traders invented the term ‘mNAV,’ a simplistic ratio to explain how much they overpay for crypto holdings. It can exceed 8X.

Tether thinks Jack Mallers will keep focus on Twenty One’s BTC, not USDT

Jack Mallers will serve as the dual CEO of Strike and Twenty One. His new venture already has a post-merger valuation above $9B.

Tether-backed Twenty One’s plan to acquire over 42,000 BTC sounds not unlike Michael Saylor’s leveraged BTC acquisition strategy.

As centralized entities continue to amass bitcoin (BTC), just two corporations now hold more than Satoshi Nakamoto.

Looking at a chart of BTC when MicroStrategy was buying last week, skeptics think Michael Saylor paid nearly the worst price possible.