[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  14Yo [@LingShuiDao](/creator/twitter/LingShuiDao) on x XXX followers Created: 2025-07-16 18:45:44 UTC So based on math, $SWC $TSWCF dry powder without any hype would worth at least $XXXX now, am I missing anything? => Fair market cap = target mNAV × treasury value, where treasury value = $BTC holdings × $BTC price = XXXXX × $XXXXXXX = $XXXXXXXXXXX. Target mNAV = XX (analyst benchmark for high-yield BTC treasuries). Fair market cap = XX × $XXXXXXXXXXX = $XXXXXXXXXXXXX. Fair price = fair market cap ÷ shares outstanding = $XXXXXXXXXXXXX ÷ XXXXXXXXXXX ≈ $XXXX. XXXXX engagements  **Related Topics** [$btc](/topic/$btc) [market cap](/topic/market-cap) [$tswcf](/topic/$tswcf) [$swc](/topic/$swc) [bitcoin](/topic/bitcoin) [coins layer 1](/topic/coins-layer-1) [coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem) [coins pow](/topic/coins-pow) [Post Link](https://x.com/LingShuiDao/status/1945555465133560149)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
14Yo @LingShuiDao on x XXX followers
Created: 2025-07-16 18:45:44 UTC
So based on math, $SWC $TSWCF dry powder without any hype would worth at least $XXXX now, am I missing anything? => Fair market cap = target mNAV × treasury value, where treasury value = $BTC holdings × $BTC price = XXXXX × $XXXXXXX = $XXXXXXXXXXX. Target mNAV = XX (analyst benchmark for high-yield BTC treasuries). Fair market cap = XX × $XXXXXXXXXXX = $XXXXXXXXXXXXX. Fair price = fair market cap ÷ shares outstanding = $XXXXXXXXXXXXX ÷ XXXXXXXXXXX ≈ $XXXX.
XXXXX engagements
Related Topics $btc market cap $tswcf $swc bitcoin coins layer 1 coins bitcoin ecosystem coins pow
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