NYDIG Demands Bitcoin Treasury Firms Abandon ’Misleading’ mNAV Metric

Wall Street's crypto arm just declared war on corporate accounting voodoo.

The mNAV Fallacy

NYDIG slammed the modified net asset value metric as financial fiction—a number that lets companies pretend their bitcoin holdings perform better than they actually do. The firm argues mNAV creates distorted valuations that would make even Enron-era accountants blush.

Truth in Treasury Reporting

With institutional adoption accelerating, transparent metrics become non-negotiable. NYDIG's push forces public companies to report bitcoin reserves using standardized methodologies rather than creative math that inflates perceived value.

Because nothing says 'robust financial system' like needing special rules to prevent companies from fooling investors about their flagship asset—classic finance meets crypto innovation.