The market capitalization of listed companies holding crypto surged to 160 billion USD.

The total market capitalization of listed companies holding cryptocurrency has risen to the sky to 160 billion USD, compared to about 90 billion USD at the beginning of 2024. This trend reflects a shift in treasury management strategies, as many businesses begin to view digital assets as a legitimate part of the balance sheet.

Many stocks of these companies have risen double digits after announcing their holdings in crypto. The mNAV (net asset value ratio) is an important measure for assessing crypto treasury companies, but a high premium does not necessarily reflect actual leverage, but is often due to market sentiment and confidence in the ability to manage digital assets professionally.

In addition, such companies also provide a strategic exit for "whales" who want to withdraw from the market without causing the token price to drop. They can transfer tokens to the treasury company in exchange for shares, then sell them through traditional financial markets, creating more stable liquidity and maintaining the image of a "diversified treasury."

This trend is creating a bridge between traditional finance and the cryptocurrency market, while addressing core issues related to token liquidity. However, the ability to maintain the current high valuation will depend on the execution quality and performance of the underlying assets.