Tether's SPAC $CEP / XXI now trading at 6.35x NAV over its planned Bitcoin holdings. $703M market cap Divide by 2.7% (public float ownership of the company) Divide by 42,000 BTC Divide by $97,500 per BTC Fully diluted $CEP valuation is $26 billion, vs. $107B for $MSTR CEP / MSTR marketcap ratio: 0.24 CEP / MSTR Bitcoin holdings ratio: 0.076 On a Marketcap/BTC Holdings (MNAV) basis, $CEP is currently valued at 3.16x higher than $MSTR.
415
67.03K
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.