The Great Treasury Discount: Why Bitcoin's Corporate Hoarders Are Trading at a Steep Markdown
The chart spiked before the coffee cooled. But this time, it wasn't Bitcoin that
Directory
•
MaxMax
•
2026-08-28
#mnav
mnav related articles
The Fracture of the Corporate Bitcoin Treasury Narrative: Jack Mallers' Resignation and the Unraveling of mNAV
The video clip resurfaced: Jack Mallers, then CEO of Twenty One, standing at ...
Blockchain
•
CryptoCobie
•
2026-07-25
Market Prices
BTC
Bitcoin
$75,777.4
-0.87%
ETH
Ethereum
$2,393.99
-1.51%
SOL
Solana
$97.24
-2.28%
BNB
BNB Chain
$711.7
-1.07%
XRP
XRP Ledger
$1.27
-8.99%
DOGE
Dogecoin
$0.0792
-3.37%
ADA
Cardano
$0.1919
-5.19%
AVAX
Avalanche
$7.25
-2.70%
DOT
Polkadot
$0.9768
-0.95%
LINK
Chainlink
$10.73
-5.10%
Fear & Greed
51
Neutral
Market Sentiment
Event Calendar
202618
03
unlock
Sui Token Unlock
Team and early investor shares released
10
05
upgrade
Ethereum Pectra Upgrade
Raises validator limit and account abstraction
12
05
halving
BCH Halving
Block reward halving event
08
04
upgrade
Solana Firedancer
Independent validator client goes live on mainnet
30
04
upgrade
Celestia Mainnet Upgrade
Improves data availability sampling efficiency
22
03
unlock
Optimism Unlock
Circulating supply increases by about 2%
28
03
unlock
Arbitrum Token Unlock
92 million ARB released
15
04
halving
Bitcoin Halving
Block reward reduced to 3.125 BTC
Market Cap
All →
1
Bitcoin
BTC
$75,777.4
1
Ethereum
ETH
$2,393.99
1
Solana
SOL
$97.24
1
BNB Chain
BNB
$711.7
1
XRP Ledger
XRP
$1.27
1
Dogecoin
DOGE
$0.0792
1
Cardano
ADA
$0.1919
1
Avalanche
AVAX
$7.25
1
Polkadot
DOT
$0.9768
1
Chainlink
LINK
$10.73
Topic Tags
Tools
All →Altseason Index
41
Bitcoin Season
BTC Dominance
Altseason
Gas Tracker
Ethereum
28 Gwei
BNB Chain
3 Gwei
Polygon
42 Gwei
Arbitrum
0.5 Gwei
Optimism
0.3 Gwei
🐋 Whale Tracker
🔴
0x4e60...5eec
3h ago
Out
2,487 ETH
🟢
0xccfc...06ba
1h ago
In
4,163,210 USDC
🟢
0x470f...0883
2m ago
In
2,124 SOL
💡 Smart Money
0x41bf...9f39
Top DeFi Miner
-$2.8M
63%
0xd50b...809c
Market Maker
+$0.2M
85%
0xa099...221d
Institutional Custody
+$3.7M
68%