Data: The mNAV of mainstream crypto treasury (DAT) companies has all fallen below 1, with Bitmine's mNAV dropping to 0.83

ChainCatcher News, the mainstream crypto treasury (DAT) companies' mNAV have all fallen below 1, including:

Strategy (MSTR)'s mNAV (the ratio of enterprise market cap to the value of held BTC) is now at 0.937. Strategy's market cap has dropped to $56 billion, currently holding 649,870 bitcoins valued at $59.9 billion.

Metaplanet's mNAV is now at 0.912. Metaplanet's market cap has dropped to $2.61 billion, currently holding 30,823 bitcoins valued at $2.84 billion.

Bitmine (BMNR) ranks first among institutional holders of Ethereum, currently holding about 3.51 million ETH valued at approximately $10.63 billion. Its market cap has dropped to $8.81 billion, with mNAV now at 0.83.

SharpLink (SBET) ranks second among institutional holders of Ethereum, currently holding 860,000 ETH valued at approximately $2.61 billion. Its market cap has dropped to $2.02 billion, with mNAV now at 0.84.