When Crypto Startups Inflow $25 Billion, Stockpiling Companies Will Flow $47 Billion, Need To Strategy To Respond To A Decline In mNAV
“Crypto Venture Capital (VC) funds, which used to flow mainly to crypto native companies, have been going into stockpiles.”
At the ‘DATCON 2025’ hosted by Disfred on the 22nd, Ye Jun-nyeong, CEO of Disfred, said this.
Of the crypto VC funds this year, $25 billion was spent on crypto startups, and $47 billion flowed into stockpiles, he said. “As crypto VCs draw money along with traditional finance (TradFi) sectors, investment in stockpiles has increased.”
CEO Ye analyzed that stockpiles are emerging as the center of the virtual asset industry.
“Recently, the most notable thing in the cryptocurrency sector is the stockpiling strategy,” he said. “There are also stockpiling companies that collect altcoins such as Ethereum and Solana beyond Bitcoin.”
CEO Ye then added, “In particular, in the case of Altcoin, unlike Bitcoin, you can get an on-chain lead,” adding, “Based on this, it is characterized by stable and diverse strategies.”
CEO Ye explained that investment in stockpiling companies is actually creating a leverage effect.
“Compared to direct holdings of coins, stockpiling companies are leverage positions,” he said, “which means they are advantageous in strong markets and disadvantageous in weak markets.”
CEO Ye advised that the use of various strategies is essential for stockpiling companies to survive and grow.
“mNAV, the ratio of market value divided by net asset value (NAV), has been falling recently,” he said. “If mNAV falls below a factor of 1, there is a possibility that some stockpiles may collapse or M&A to large places.”
CEO Ye added, “If mNAV falls and you have to buy back your own shares to defend your stock price, but if you don’t have cash, you can even end up selling your assets.”
