Ethereum Volatility and Spot ETFs May Squeeze DAT Companies’ mNAVs, Threatening Q4 Capital Raises
Ethereum Volatility and Spot ETFs May Squeeze DAT Companies’ mNAVs, Threatening Q4 Capital Raises
CoinOtag 2025-09-05 16:07:42
mNAV crisis for digital asset treasury companies (DATs) occurs when market-to-net asset value approaches or falls below 1, eroding their ability to raise capital via equity without diluting shareholders. Ethereum