Following its recent purchase, @BitMNR now holds about 0.7% the ETH supply. It’s now the largest ETH treasury company 1.5% of total ETH supply is held in treasury companies

UPDATE: Now tracking Sequans Communications (SQNS) on our Treasury Companies Dashboard. This includes: - BTC holdings and NAV - Share of BTC supply held - Trading volume/market cap - mNAV

UPDATE: Now tracking Twenty One Capital (CEP) on our Treasury Companies Dashboard. This includes: - BTC holdings and NAV - Share of BTC supply held - Trading volume/market cap - mNAV Note this is a pending merger, so valuation metrics are subject to change.

UPDATE: Now tracking @TheEtherMachine (DYNX) on our Treasury Companies Dashboard. This includes: - ETH holdings and NAV - Share of ETH supply held - Trading volume/market cap - mNAV Note this is a pending merger, so valuation metrics are subject to change.

UPDATE: Now tracking @solstrategies_ under its OTC listed ticker (CYFRF) on our Treasury Companies Dashboard. This includes: - SOL holdings and NAV - Share of SOL supply held - Trading volume Once listed on Nasdaq, we will add market cap and track the company's mNAV.

The man who owns the most ETH in the world uses a FCF multiple to justify his price target Interesting

Interesting methodology there Tom

Aggregate trading volume on Bitcoin treasury companies (ex MSTR) is down 96% from the announcement peak to $55m per day CEP (Twenty One Capital) and CEPO (Bitcoin Standard) have yet to finalize their mergers, which will likely catalyze more trading activity + BTC purchases

MSTR was responsible for roughly 80% of total volume across treasury companies on Friday following its earnings report and a -9% move on the day

Still strong momentum on Zora coins activity, with new posts and creator coin mints maintaining growth Watching trading volume closely though, which has pulled back into the single digit millions per day