Data: More than 10 crypto assets reserve companies have a market capitalization lower than the value of their held assets.

Golden Finance reported that since the beginning of this year, the number of listed Crypto Assets reserve companies has doubled, but many of these companies have failed to achieve the goal of attracting a premium from Wall Street. According to data from several stock tracking platforms, more than ten listed companies have a market capitalization lower than the value of their held Crypto Assets. All Crypto Assets reserve companies hope that their multiple-to-Net Asset Value (mNAV) is greater than 1. However, unfortunately, some companies have failed to reach this level. It should be noted that mNAV does not take into account debts and burdens, but simply divides the company's market capitalization by the value of its held assets. Although this calculation method is relatively simplified, this convenient valuation indicator is still very popular. Of course, when evaluating more than 160 companies, some rational investors may consider debt, burdens, or other risks, thus deeming it reasonable for mNAV to be below 1.