Mainstream Cryptocurrency Treasury (DAT) company mNAV across 1: Strategy drops to 0.937, Bitmine drops to 0.83

2025.11.18 08:32:18

On November 18th, the mainstream crypto treasury (DAT) company mNAV all dropped below 1. These include: The Strategy (MSTR) has an mNAV (Enterprise Value to Bitcoin Holdings Value ratio) which is currently at 0.937. The market value of Strategy has decreased to $56 billion, and its current holdings of 649,870 BTC are valued at $59.9 billion. The mNAV of Metaplanet is currently at 0.912. The market value of Metaplanet has fallen to $2.61 billion, and its current holdings of 30,823 BTC are valued at $2.84 billion. Bitmine (BMNR) ranks first in Ethereum institutional holdings and is currently holding about 3.51 million ETH, which is approximately valued at $10.63 billion. Its market value has dropped to $8.81 billion, and the mNAV is currently at 0.83. SharpLink (SBET) ranks second in Ethereum institutional holdings and is currently holding 860,000 ETH, which is approximately valued at $2.61 billion. Its market value is $2.02 billion. The mNAV is currently at 0.84.

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