Crypto Treasuries in for “Bumpy Ride” as NAV Premiums Drop

The New York Digital Investment Group (NYDIG) says that the premiums of digital cabinets (DAT) is deteriorating and will be worse in the near future unless it takes action.

The gap between the price of stock and net asset values (NAV) for the main Bitcoin (BTC) companies such as Metaplanet and Strategy “continues to press” even with BTC to new levels.

“The forces behind this pressure seem to be diverse,” he added. “Invested anxiety to cancel the next lock, change companies’ goals from DAT management teams, concrete increases in shares, achieve investor profits, and limited differentiation through treasury strategies.”

*The strategy premium has narrowed to NAV (blue) over the past few weeks with the rise of Bitcoin (Orange). source:* *Nydig*

Crypto Treasury companies have become the latest heresy in Wall Street and got billions of dollars last year. Investors usually compare stock prices to the value of assets they keep as a measure to assess their health.

Sharing the purchase programs needed to promote health

“The riding may be an introduction” to the encrypted treasury companies, as many are waiting for mergers or financing deals for the public, which may see a “large wave of sale” from the current shareholders.

He added that many treasury companies, including BidlyMd and Twenty One Capital, are trading at or less than the value of modern donations collection, and a decrease in the share price “may exacerbate the sale as soon as the shares are freely trading.”

“If the shares are traded at the Ministry of Treasury under NAV, the most direct procedures will be the shares of shares,” which aims to increase stock prices by reducing the supply.

“If we will give one advice to Dats, it is to save some of the money that has been collected aside to support the shares through re -purchases.”

Bitcoin Holdings has achieved peak, but purchasing slowdown

Bitcoin purchase companies have reached the highest peak level this year, with 840,000 BTC, with the strategy 76 %, or 637,000, from the total, with the rest on 32 other companies, according to the Cryptoquant report on Friday.

Related to: Public companies reach 1m Bitcoin, reaching 5.1 % of the BTC offer

The number of purchases increased per month as well, but Cryptoquant said that the total amount of Bitcoin bought by companies that slowed in August to less than the monthly average of this year, and companies in bitcoin are swept away for each treatment.

*Bitcoin monthly purchases by strategy (Orange) and other Treasury companies (Blue). source:* *Cryptoquant*

For example, the average purchase of the strategy decreased to 1200 BTC in August compared to the peak of 2025 from 14000 BTC, while other companies bought 86 % of bitcoin compared to the highest level in 2025 BTC in March.

This led to a sudden slowdown in the growth of treasury possessions in Bitcoin, as the monthly growth rate of the strategy decreased to 5 % last month, compared to 44 % at the end of 2024, while other companies saw 8 % growth in August compared to 163 % in March.

Bitcoin has been traded flat over the past 24 hours by about $ 111200, and decreased by 10.5 % of its peaks, which is more than $ 124,000 in mid -August, according to Coingecko.

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