'Days to Cover mNAV,' Emerges as The New Standard for Evaluating Bitcoin Equities

coindesk.com/markets/2025/05/21/days-to-cover-mnav-the-new-standard-for-evaluating-bitcoin-equities

continues to mature as an institutional asset, a growing number of public companies are integrating BTC into their treasuries, sparking renewed investor interest in so-called leveraged bitcoin equities (LBEs).
But with valuations soaring, the key question remains: which companies are…

This story appeared on coindesk.com, 2025-05-21 09:10:43.
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