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![SPACuity Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::829322157356355585.png) SPACuity [@SPACuity](/creator/twitter/SPACuity) on x 3310 followers
Created: 2025-07-21 12:43:08 UTC

$DYNX becoming an ETH treasury company. These have been hot $SBET $BMNR $BTCS etc;
Now we get to see, do  SPAC ETH treasury companies trade at a higher multiple than Bitcoin ones? Or is it the SPAC structure that is now unwilling to pay much in excess of NAV given the timelag?


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947276153753903385/c:line.svg)

**Related Topics**
[bmnr](/topic/bmnr)
[nav](/topic/nav)
[$btcs](/topic/$btcs)
[$dynx](/topic/$dynx)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)
[$sbet](/topic/$sbet)
[sharplink](/topic/sharplink)

[Post Link](https://x.com/SPACuity/status/1947276153753903385)