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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