1/ Why buy crypto direct when you can buy crypto treasuries (DATCOs) at a discount? These public vehicles hold BTC, ETH, TON, etc.—but trade below NAV. #DATCO #BTC #ETH #TON
2/ $SQNS (BTC) ~35% below BV + solid wireless patent IP. Optionality on a sale / licensing adds hidden value.
6/ $ORBX (ORBS) ~55% below liquid NAV. Treasury heavy in ORBS + staking yield. Board under pressure for buybacks/dividends.
7/ $NEARL (NEAR) ~0.52× NAV. Validator operations + major NEAR holdings. Cleanest structure of the group.
8/ The punchline: Why pay par for BTC or ETH… when you can buy DATCOs trading at 0.5–0.8× NAV? Discounted exposure + governance + potential activism. #CryptoValueArb #DATCO #BTC #ETH #TON #NEAR #ORB
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