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Birdie_OKX
A crypto treasury company compounds only while its stock trades above the value of its coins. Below that line, it loses the premium needed to issue equity and may have to sell assets, get acquired or add leverage. ETHZilla funding buybacks with $40M of ETH and Metaplanet near 0.99 mNAV show the structural risk. NFA. #CryptoTreasuryDurability
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