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
$80,565.8
+3.78%
ETH
Ethereum
$2,426.58
+6.00%
SOL
Solana
$96.15
+3.70%
BNB
BNB Chain
$714.53
+2.36%
XRP
XRP Ledger
$1.31
+2.98%
DOGE
Dogecoin
$0.0767
+3.05%
ADA
Cardano
$0.1975
+4.17%
AVAX
Avalanche
$8.77
+2.61%
DOT
Polkadot
$0.9467
+0.93%
LINK
Chainlink
$11.56
+5.14%
Fear & Greed
50
Neutral
Market Sentiment
Event Calendar
202630
04
upgrade
Celestia Mainnet Upgrade
Improves data availability sampling efficiency
15
04
halving
Bitcoin Halving
Block reward reduced to 3.125 BTC
12
05
halving
BCH Halving
Block reward halving event
18
03
unlock
Sui Token Unlock
Team and early investor shares released
22
03
unlock
Optimism Unlock
Circulating supply increases by about 2%
08
04
upgrade
Solana Firedancer
Independent validator client goes live on mainnet
10
05
upgrade
Ethereum Pectra Upgrade
Raises validator limit and account abstraction
28
03
unlock
Arbitrum Token Unlock
92 million ARB released
Market Cap
All →
1
Bitcoin
BTC
$80,565.8
1
Ethereum
ETH
$2,426.58
1
Solana
SOL
$96.15
1
BNB Chain
BNB
$714.53
1
XRP Ledger
XRP
$1.31
1
Dogecoin
DOGE
$0.0767
1
Cardano
ADA
$0.1975
1
Avalanche
AVAX
$8.77
1
Polkadot
DOT
$0.9467
1
Chainlink
LINK
$11.56
Topic Tags
Tools
All →Altseason Index
40
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
🔵
0x685e...89b4
6h ago
Stake
3,761.75 BTC
🟢
0x3828...7f5b
12h ago
In
3,175.50 BTC
🔴
0xd758...6387
2m ago
Out
1,531,482 USDC
💡 Smart Money
0x2512...5dd7
Market Maker
-$1.2M
70%
0xafeb...c48b
Institutional Custody
+$2.7M
87%
0x2032...6eeb
Top DeFi Miner
+$1.4M
79%