NYDIG Calls for Bitcoin Treasury Companies to Drop 'Misleading' mNAV Metric

NYDIG has issued a statement urging companies that manage Bitcoin treasury assets to abandon the use of the 'misleading' mNAV metric, which they claim does not accurately reflect the true value and performance of Bitcoin investments. The organization believes that reliance on such metrics could distort the understanding of Bitcoin's financial health and ultimately mislead investors and stakeholders within the cryptocurrency market. source: https://www.coindesk.com/business/2025/09/27/nydig-calls-for-bitcoin-treasury-companies-to-drop-misleading-mnav-metric