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The Weekly Take

The Weekly Take: Only Four of Twenty Crypto Treasuries Trade Above Their Coins. Metaplanet Shows How the Premium Gets Eaten.

Only four of the twenty largest crypto treasury companies trade above the value of their coins. Metaplanet, at 0.86x enterprise-value mNAV, shows the arithmetic of how an auto-expanding…

By Jason Jones· September 25, 2026· 21 min read

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