Post #7563

🪙ETH treasury strain A number of ETH treasury companies are now trading below their mNAV. That cuts off their ability to keep accumulating and raises the risk some may need to sell. ➡️ Structural buyers risk flipping into sellers ➡️ Market cap vs NAV gap is widening across multiple treasuries ➡️ Buying pressure is thinning at the same time supply risk grows ETH needs inflows here. Without them, the treasury bid could turn into another source of downside. 🫡Powered by Venture Capital