2026-01-15 23:39:42

Bitcoin trading near the 500k milestone while major institutions hold substantial BTC treasuries creates an interesting valuation puzzle. Consider this: when a company maintains 1M BTC in reserves and its common stock trades at roughly 2.5x NAV relative to that crypto holding, you're looking at a market cap approach 1T. The numbers suggest the broader market hasn't fully priced in the strategic importance of these accumulation plays. Most investors remain surprisingly conservative on the upside potential here.

BTC0,41%

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AlwaysAnon

· 01-18 19:21

It's not even 500k yet, and you're already starting to calculate the accounts of publicly listed companies. To be honest, I'm tired of this NAV premium logic; every time it's said that the market underestimates institutional holdings, but what happens next?

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WhaleStalker

· 01-18 06:48

Wait, a company with 1M BTC has a stock price only 2.5x NAV? Isn't that a total giveaway? Conservatives really need to wake up.

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Anon4461

· 01-16 00:09

ngl, this logic makes some sense... If institutions are hoarding coins so aggressively, why are retail investors still hesitating?

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CryptoTarotReader

· 01-16 00:07

Institutional accumulation is a game of chess, ordinary retail investors just can't see through it --- 500k is really coming, big funds have already laid out their plans, and we're still debating the rise and fall --- A company valuation of 1M BTC is just approaching 1T, the price difference... just thinking about it is exciting --- Honestly, investors who are still bearish now are really being overly conservative --- The accumulation game of institutions, small investors are always a step behind, haha --- Looking back at last year's predictions, now they are all damn jokes --- According to this logic, how much more imagination does BTC have? --- Big players have already placed their bets, just waiting for the retail investors to react --- Conservatives will regret it, this cycle is different

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GasWrangler

· 01-16 00:06

nah tbh the valuation math here is demonstrably flawed... if you actually analyze the data, these 2.5x NAV multiples don't account for custody risk and liquidity inefficiencies on the balance sheet. technically speaking, most retail just extrapolates without running proper mempool analysis on institutional accumulation patterns. sub-optimal reasoning fr

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UncommonNPC

· 01-16 00:02

Yeah, indeed. Institutions hold millions of BTC in one hand and manipulate the market with the other, while retail investors are still debating whether 500k is the top...

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NotFinancialAdvice

· 01-15 23:51

These institutions are really treating coins like gold, not even daring to move 500k BTC?

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