By coinspy Key Points: The mNAV metric—comparing MSTR’s market valuation to the value of its Bitcoin holdings—has collapsed from 3.4x to nearly parity, weakening the original bearish case tied to overvaluation. Other major short sellers, including Kerrisdale Capital, built similar positions against MSTR and Ethereum-focused treasury firms, arguing that ETF competition and inflated valuations justified […]
Tag: ETF
By coinspy Key Points: U.S.-based institutional players, including major asset managers, have significantly offloaded BTC, with BlackRock alone selling over 6,800 BTC—roughly $700 million—prior to a key Federal Reserve announcement. The Coinbase Bitcoin Premium Index has remained negative since October 30, signaling persistent domestic outflows. After six straight days of net outflows, Bitcoin ETFs recorded […]
By Marco Piccolo Key highlights: Ark Invest acquired 240,507 shares of BitMine Immersion (BMNR), valued at approximately $9 million, across three ETFs. The move follows a broader strategic shift by Cathie Wood toward Ethereum-focused assets despite recent cuts to Bitcoin projections. BitMine remains the largest Ethereum treasury holder, with nearly 3.4 million ETH, and aims […]