as Bitcoin Treasury companies are proliferating in the United States, with engineers building Treasury dashboards on the other side of the world every day and cashing in on the industry’s latest fads.
For a while, mNAV was called MicroStrategist, but Australia-based co-founder and company director Marty Kendall said the recent rebranding reflects a new focus and growing number of dozens of bitcoin-buying companies.
“During the gold rush, let’s sell shovels,” he said. decryption. “Every company needs clarity and transparency, and you have to actually build dashboards to make them work.”
The company’s new name stands for Multiple to Net Asset Value, an unofficial but common standard for valuing Bitcoin treasury companies. Although it weighs a company’s market capitalization against the value of its digital asset holdings, it is only one metric provided by mNAV.
this year, cannabis grower, distilleryhealthcare equipment companies and others are emerging as new buyers of digital assets and looking to imitate. strategythe world’s largest corporate holder of Bitcoin. They are often focused on increasing their cryptocurrency holdings per share.
Some analysts highlighted Although a sign of investor fatigue, Kendall sees corporations as a key vehicle for Bitcoin adoption (beyond products such as exchange-traded funds).
“I fundamentally believe in what Bitcoin can bring to the world,” he said. “I want to see Bitcoin transform into its final form, and treasury companies are part of that story.”
first dashboard mNAV created it for Capital B. Investors can toggle between metrics reflected in USD and EUR, allowing them to go beyond mNAV (Indicators) to measure Capital B Shares’ performance relative to Bitcoin, progress toward accumulation goals, and more.
“Everyone loved it,” he said, adding that this led to opportunities with other organizations and with Bitcoin for Enterprises, which calls itself Executive Network.
The Bitcoin for Corporations website displays a dashboard powered by the mNAV of 17 companies buying Bitcoin, from Strategy’s $79 billion stockpile to Locate Technologies’ $1.5 million stash. Kendall noted that mNAV has several agreements with individual companies.
Strategy is a leading member of Bitcoin for Enterprise. dashboard The website does not mention mNAV (the company) and gets its data from Polygon.io.
Ultimately, Kendall said mNAV could provide investors with analysis on Bitcoin financial companies. He added that the company was heading in that direction before Capital B’s dashboard “exploded.”
Instead of sifting through SEC filings or creating your own spreadsheets, Kendall said mNAV has the potential to serve both bitcoin-buying companies and individual investors.
“Twitter’s analytical depth is very shallow,” he says. “There’s a lot of hopium, so it can be dangerous, but there’s also a lot of opportunity if you know how to play.”
Kendall said he personally spends “too much time” researching strategies, and while he owns shares in a company that buys Bitcoin, he has “dabbled in a few other companies as well.”
“It’s a personal interest,” he said. “Engineers get excited about topics that solve new problems, so that’s basically the core of what we do, and that’s what we try to share with people.”
