🚀THIS IS WHY INVESTING IN BITCOIN TREASURY COMPANIES IS AWESOME🚀 $ASST trades at 1.3921x CEBE mNAV. That means investors are paying $11.14 for $8.00 of current senior claims-adjusted Bitcoin NAV per share. A 39.2% premium. Now here's the question everyone asks... why would anyone pay that instead of buying Bitcoin directly? Because the gross Bitcoin pile may be static while the common shareholder’s residual claim on that pile is growing. Consider this stripped-down scenario: 1. No additional preferred issuance 2. No additional Bitcoin purchases 3. Common shares issued only to fund the 13% preferred dividend 4. Zero mNAV expansion 5. Bitcoin rises from $62,904 to $200,000 over 24 months Yes, paying a premium can make sense EVEN IF the management team does NOTHING from here on out
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