Digital Asset Stock Diversification: Circle Rises, MicroStrategy Stagnates
Source: CoinWorld
Time: 2025-09-13 21:37:45
This week, digital asset stock trends diverged, and spot prices remained stable. 10x Research notes that there is a differentiation between existing companies and new winners. MicroStrategy's NAV multiple fell from 1.75 to 1.24 times, while Metaplanet fell 66% on tax concerns. Circle rebounded 19.6% due to the popularity of USDC. Implicit volatility in BTC and ETH has declined, but premium compression has exacerbated the risk of liquidity shifts leading to more drastic price volatility.