Four Crypto Treasury Giants Trade Above Holdings Value Amid Sector Weakness

Crypto treasury companies have been using a stock-funded model to raise money for additional Bitcoin purchases. This involves issuing stocks and using the proceeds to increase their holdings.

A recent analysis of the top 20 crypto treasury companies found that only four of them trade above the value of their holdings.

This is a key measure of the effectiveness of the stock-funded strategy, which relies on the relationship between a company's share price and the value of its holdings.

The fact that most of these large companies do not trade above the value of their digital assets raises concerns about the sustainability of this model.