As digital asset treasury mNAVs decline, only the resilient will endure — Standard Chartered

Digital asset treasury companies, notably holding Bitcoin, Ethereum, and Solana, are facing a valuation crunch as their market net asset values (mNAVs) decline. Standard Chartered points to market saturation and unpredictable business models as key factors behind this downturn.

According to analysts, the decline in mNAVs may lead to consolidation in the industry, benefiting strong players. Investment caution and rapid growth of treasury strategies in Ethereum and Solana further complicate the landscape, suggesting only the strongest DATs will endure.