The main mNAVs of DAT companies have all fallen below 1.
Jinse Finance reported that the recent weakness in the crypto market has caused the market capitalization of major DAT companies to fall below the net value of their held crypto assets, meaning the mNAV has dropped below 1. BTC DAT companies: Strategy has a market capitalization of $59.6 billion, holding 641,700 BTC valued at $62.275 billion, with an mNAV of 0.962; MARA Holdings has a market capitalization of $4.51 billion, holding 53,250 BTC valued at $5.168 billion, with an mNAV of 0.873; Metaplanet has a market capitalization of $2.738 billion, holding 30,000 BTC valued at $2.99 billion, with an mNAV of 0.915. ETH DAT companies: BitMine has a market capitalization of $10.41 billion, holding 3.513 million ETH valued at $11.23 billion, with an mNAV of 0.93; Sharplink has a market capitalization of $2.16 billion, holding 859,000 ETH valued at $2.75 billion, with an mNAV of 0.85.
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