Data: Over 10 cryptocurrency reserve companies have market values lower than the value of their held assets According to a report by Golden Finance, the number of cryptocurrency reserve companies listed has doubled since the beginning of this year, but many of these companies have failed to achieve their goal of attracting a premium from Wall Street. According to data from multiple stock tracking platforms, more than ten listed companies have a market value lower than the value of their held cryptocurrency assets. All cryptocurrency reserve companies hope that their multiple to Net Asset Value (mNAV) is greater than 1. Unfortunately, some companies have not been able to reach this level. It should be noted that mNAV does not consider debt and burden, but simply divides the company's market value by the value of its held assets. Although this calculation method is relatively simplified, this simple valuation indicator is still highly popular. Of course, when evaluating over 160 companies, some rational investors may consider debt, burden, or other risks, and therefore believe that an mNAV below 1 is reasonable.