Digital Asset Treasuries

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NYDIG Calls for Bitcoin Treasury Companies to Drop 'Misleading' mNAV Metric
Yahoo Finance· 2025-09-27 19:00
Strive Asset Management (ASST) has acquired Semler Scientific (SMLR) in an all-stock deal. While historic, the move also drew attention to what may be a problem for investors valuing bitcoin treasury firms. The acquisition was the first-ever merger between two Digital Asset Treasuries (DATs) holding bitcoin, giving the combined company control of more than 10,900 BTC and increases net asset value (NAV) per share, which DAT investors view as a measure of “yield.” In a note this week commenting on the acqu ...