ETH Treasury Companies Facing Strain
A number of ETH treasury companies are currently trading below their mNAV, hindering their ability to accumulate further and increasing the likelihood of needing to sell.
Challenges Faced:
- Structural buyers at risk of becoming sellers
- Widening gap between market cap and NAV for various treasuries
- Decreasing buying pressure coupled with escalating supply risk
ETH urgently requires inflows to prevent the treasury bid from becoming a source of further downside.
Worth checking out: Eightco Holdings Raises $250 Million for $WLD Treasury Strategy