Digital asset treasuries have become crypto’s hottest trade, with over 200 companies now holding billions in tokens on their balance sheets. But investors are calculating the same metric called mNAV in such different ways that this has created a hall of mirrors where the same stock can look like a 90% discount or a 500% premium. The problem isn’t trivial since investors are making million-dollar-bets based on data that’s off by multiples. The article below written by pseudonymous DefiLlama analyst Meta ex ...

公司动态与战略 - CEA Industries Inc (纳斯达克 BNC) 宣布额外购买30,000枚BNB 价值2600万美元 使公司总持有量达到418,888枚BNB 价值3.68亿美元 巩固了其作为全球最大企业BNB库的地位 [1] - 公司公开目标为在2025年底前持有BNB总供应量的1% 若实现将使BNB成为全球数字资产市场最具影响力的参与者之一 [2] - 若全额执行国库计划 包括可能行使权证获得额外7.5亿美元收益 公司BNB持有量可能超过12.5亿美元 成为全球最大和最显眼的数字资产国库之一 [5] 行业趋势与市场地位 - BNB在9月开局强劲 创下历史最高月均价格 交易价格接近历史高点2%以内 表明BNB链生态系统活跃度较高 [3] - BNB链已成为日活跃用户和去中心化交易量第一的区块链 总锁仓价值超过120亿美元 具有通缩供应模型和深度DeFi集成 [3] - 行业正面临1000亿至2000亿美元资本向数字资产国库转移的趋势 BNB预计将成为这波浪潮的赢家 [3] 公司竞争优势 - 公司通过单一资产专注和纪律性资本部署区别于多元化数字资产国库 专注于BNB可捕获网络效应 参与链上收益策略 并与BNB生态系统长期增长直接对齐 [4] - 公司定位为以透明度、纪律性和规模引领机构投资者进入BNB生态系统 [3] - 公司通过构建和管理全球最大的Binance Coin (BNB) 企业国库 为投资者提供机构级别的BNB敞口 [6]

Bitcoin (BTC) hovered around $111,500 on Monday, keeping a tight range as traders weigh macro catalysts for cues on positioning. Ether (ETH) traded near $4,312, XRP (XRP) held $2.96, BNB (BNB) at $880, and Solana's SOL (SOL) climbed to $218. Dogecoin (DOGE) extended its 11.6% weekly gain to 24 cents, outpacing most major cryptocurrencies as the first-ever memecoin ETF looks set to go live for trading in the U.S. on Thursday. The market tone stayed tentative. “Crypto prices treaded water much of the past ...