Web Analytics
Coin Edition
2025-08-14 10:08:00

“Heads You Win, Tails You Don’t Lose”: The Alarming Model Behind Crypto Treasury Stocks

NASDAQ-listed crypto treasury firms are trading at steep premiums to their underlying crypto They are offering big short-term gains for PIPE investors. High advisory fees could erode value for years, with many firms eventually becoming “zombies” trading below mNAV. The 2025 crypto market is witnessing a new speculative wave, with NASDAQ-listed crypto treasury companies emerging as this cycle’s equivalent of the 2017 ICO craze and the 2021 NFT boom. According to a detailed August 12 report by BitMEX Research, the model offers lucrative short-term gains for early insiders but could drain long-term investors through high fees and collapsing premiums to net asset value (mNAV). How the “Treasury Company” Model Works These companies often launch through a reverse takeover of a small, debt-free NASDAQ “zombie” firm or via a SPAC. Early backers, known as PIPE investors, buy in at or near the value of the cryptocurrency to be purchased. Once listed, the stock often trades at a premium, sometimes 2x to 5x its underlying mNAV. That premium allows the company to issue even more shares at a high price, use the cash to buy more crypto, and push both the… The post “Heads You Win, Tails You Don’t Lose”: The Alarming Model Behind Crypto Treasury Stocks appeared first on Coin Edition .

Hankige Crypto uudiskiri
Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine