Tighter Premiums Put Crypto Treasuries On Risky Road, According To NYDIG

Wall Street’s appetite for companies holding Bitcoin on their balance sheets is cooling, and investors are starting to show it, according to the New York Digital Investment Group. Related Reading: MemeCore Explodes 3,800% For ATH — But Is A Collapse Around The Corner? Greg Cipolaro, the firm’s global head of research, said the disparity between share prices and net asset value (NAV) for major buyers is narrowing even as Bitcoin reached highs earlier this year. He pointed to several forces pushing those premiums down, from looming supply unlocks to increased share issuance. Premiums On The Slide Investor worry over future token unlocks is weighing on prices source: https://www.newsbtc.com/news/bitcoin/tighter-premiums-put-crypto-treasuries-on-risky-road-according-to-nydig/