Bitcoin investment firm’s stock plunges below its BTC reserves’ value
A major Bitcoin investment firm is facing growing uncertainty as its share price falls below the value of its held BTC. The discount to net asset value (NAV) has sparked debate among analysts, with some viewing it as a buying chance while others warn of deeper risks. Meanwhile, index providers are now removing or reviewing the company’s place in key benchmarks.
The company’s stock currently trades at a discount to its Bitcoin reserves, a rare situation that analysts link to fading confidence. Wall Street remains split: some see the dip as an opportunity, but others urge caution. Investment firm Bernstein stands out with an optimistic forecast, setting a €535 target for the shares.
The firm’s future remains uncertain as index removals and BTC price shifts continue to sway its valuation. A forced sell-off from benchmark exclusions could deepen losses, while optimistic forecasts suggest possible recovery. For now, the stock’s performance stays tightly linked to both regulatory decisions and cryptocurrency trends.
