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![FloodCapital Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1386391678278422537.png) Duncan [@FloodCapital](/creator/twitter/FloodCapital) on x 28.7K followers
Created: 2025-07-15 17:55:12 UTC

I try to address that in the post, the business is quite complex and difficult to understand unless you dive deep - there is also a narrative split between the balance sheet (treasury companies trading at a premium to NAV) vs all the crypto business lines (a one of one unique "crypto bank") vs their data center business (playing AI).

I believe this will change once a big firm like Goldman or Morgan Stanley writes a report on them as I think they are undervalued based on a sum of the parts valuation.


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945180360880406714/c:line.svg)

**Related Topics**
[data center](/topic/data-center)
[all the](/topic/all-the)
[coins ai](/topic/coins-ai)
[playing](/topic/playing)
[nav](/topic/nav)
[balance sheet](/topic/balance-sheet)

[Post Link](https://x.com/FloodCapital/status/1945180360880406714)