最新报道:According to Coinnet, Greg Cipolaro, global head of research at NYDIG, stated that the crypto industry should stop using the popular "market-to-net-asset value" (mNAV) metric because it is both inaccurate and misleading to investors. Cipolaro wrote in a report on Friday: "The industry's definition of 'mNAV' needs to be erased and forgotten. 'Market capitalization to Bitcoin/digital asset value,' the original definition of mNAV, is not a useful metric for any purpose." He added that mNAV fails to account for treasury firms that engage in other businesses besides purchasing and holding large amounts of crypto assets and also fails to properly account for a company's convertible debt. Traders and investors sometimes use mNAV (also known as the net asset value multiple) to judge a company's value and decide when to buy or sell its stock by comparing its crypto holdings to its market capitalization. Companies whose crypto holdings exceed their market capitalization are considered trading at a discount, while companies whose market capitalization is greater than the value of their crypto assets are considered trading at a premium.