Summary
- Carlos Guzmán, Vice President of Research at GSR, stated that the net asset value premium (mNAV) indicator for certain Bitcoin (BTC) buying listed companies is declining.
- He forecasted that companies may sell BTC to repay debts incurred to acquire Bitcoin.
- He noted that among the 156 listed companies holding Bitcoin, about one-third have a market capitalization lower than the value of their Bitcoin holdings.
Carlos Guzmán, Vice President of Research at cryptocurrency investment firm GSR, said in an interview with DL News on the 22nd (local time) that "the mNAV (net asset value premium) indicator for some listed companies that have purchased Bitcoin (BTC) may continue to decline," and predicted, "Accordingly, companies may need to sell BTC in order to repay debt incurred from acquiring Bitcoin."
mNAV is an indicator showing the extent to which a company's stock price reflects a premium compared to the price of Bitcoin. Currently, about one-third of the 156 listed companies holding Bitcoin have an mNAV multiple below 1. This means these firms are valued in the market at less than their Bitcoin holdings.
Some experts estimate that the actual figure could be closer to one-seventh, rather than one-third.
As of 05:14 on the 23rd, Bitcoin was trading at $116,838.91 on the Binance Tether (USDT) market, up 4.01% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
