Data: The mainstream crypto treasury (DAT) companies' mNAV have all fallen below 1, with Bitmine's mNAV dropping to 0.83

Mainstream crypto treasury (DAT) company mNAV has all fallen below 1, among which:

Strategy (MSTR) has an mNAV (the ratio of market capitalization to the value of held BTC) currently reported at 0.937. The market capitalization of Strategy has dropped to 56 billion USD, with current holdings of 649,870 bitcoins valued at 59.9 billion USD.

Metaplanet's mNAV is currently reported at 0.912. Metaplanet's market capitalization has fallen to 2.61 billion USD, with current holdings of 30,823 bitcoins valued at 2.84 billion USD.

Bitmine (BMNR) ranks first in Ethereum institutional holdings, currently holding approximately 3.51 million ETH, valued at about 10.63 billion USD, with a market capitalization that has dropped to 8.81 billion USD, and an mNAV currently reported at 0.83.

SharpLink (SBET) ranks second in Ethereum institutional holdings, currently holding 860,000 ETH, valued at about 2.61 billion USD, with a market capitalization that has fallen to 2.02 billion USD, and an mNAV currently reported at 0.84.