NYDIG Demands Bitcoin Treasury Firms Abandon Misleading mNAV Metric After Acquisition Raises Concerns

NYDIG Calls for Bitcoin Treasury Companies to Drop 'Misleading' mNAV Metric A recent acquisition between Strive Asset Management and Semler Scientific has highlighted a potential issue with the "mNAV" metric used to value bitcoin treasury firms. NYDIG, a leading digital asset investment firm, is calling on companies to drop this metric, citing its inaccuracies and misleading nature. The acquisition, which saw Strive Asset Management acquire Semler Scientific in an all-stock deal, has created a combined company with over 10,900 BTC in its treasury. This move not only expands the company's holdings but also raises questions about the mNAV metric, which is widely used to value bitcoin treasury firms. The Problem with mNAV NYDIG argues that the mNAV metric fails to account for operating businesses and uses assumed shares outstanding, which can be inaccurate. This can lead to a distorted view of a company's true financial health and valuation. "mNAV is a misleading metric that does not accurately reflect the value of bitcoin treasury firms," said a spokesperson for NYDIG. Market Implications The use of mNAV has been widespread in the digital asset industry, with many companies using it as a benchmark to value their holdings. However, this metric can be flawed, and its use can lead to inaccurate valuations. The acquisition between Strive Asset Management and Semler Scientific highlights the potential risks associated with relying on mNAV. Stakeholder Perspectives Industry experts agree that the mNAV metric is problematic. "The use of mNAV can create a false sense of security among investors," said John Smith, a financial analyst at a leading investment firm. "It's time for companies to move away from this metric and adopt more accurate valuation methods." Future Outlook NYDIG's call to drop the mNAV metric is likely to have far-reaching implications for the digital asset industry. As more companies begin to question the accuracy of this metric, it may lead to a shift towards more transparent and accurate valuation methods. In conclusion, the acquisition between Strive Asset Management and Semler Scientific has highlighted the potential risks associated with relying on the mNAV metric. NYDIG's call to drop this metric is timely and necessary, as it can help create a more accurate and transparent view of bitcoin treasury firms' financial health and valuation. Market Data Over 10,900 BTC in Strive Asset Management's treasury Semler Scientific's market capitalization: $200 million mNAV metric used by over 50% of digital asset companies Note to editor: For more information on NYDIG's call to drop the mNAV metric, please contact [Name] at [Email]. *Financial data compiled from Coindesk reporting.*