There's a digital asset treasury company trading at 41% of its NAV holdings. Its name is Ripple.
Citadel and Fortress invested into Ripple at a $40B valuation.
Ripple owns 42% of $XRP supply, which is worth about $97B.
That's not even counting the value of the companies that Ripple has recently acquired or the value of their products like RLUSD or Ripplenet, which means that Ripple is trading at even signficantly lower than 41% to the value of their $XRP.
This means that Fortress and Citadel actually ascribe near zero fundamentals to Ripple's operations, but rather are just buying mega marked down cheap $XRP for Ripple to dump on retail.
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