2026-01-13 03:32:58

A major asset holder currently sits on roughly $62 billion in Bitcoin holdings, translating to about $10 billion in unrealized gains. Interestingly, their market valuation clocks in at just $46 billion—creating an intriguing disconnect.

The math here gets interesting. If Bitcoin sustains around $90k and potentially moves toward $100k territory, you're looking at a significant repricing event. The gap between the company's market cap and its Bitcoin reserves alone suggests the market might be undervaluing this position considerably.

It's one of those situations where the underlying asset holdings don't align neatly with equity valuation. Whether this represents genuine mispricing or reflects other business considerations is the key question traders and investors are wrestling with.

BTC-1,16%

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BTCRetirementFund

· 18h ago

The gap between market capitalization and BTC reserves is really starting to be hard to sustain --- Wait, you say this is undervalued? To me, it looks like they are just waiting for the main players to take over --- Alright, same old story—just that narrative that once BTC reaches a certain price, arbitrage is possible. But will they actually be able to sell at that time? --- Got it, it's just that asset allocation is not transparent, the data looks good but what about the risks? --- These "contradictions" happen every year, and every time they get caught in a trap. It's a bit exhausting --- Over sixty billion in BTC holdings, and they say revaluation just revalues? Feels like a trap for retail investors --- True wealth on paper, but when it comes to actual selling, you'll see how liquidity really is

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AirdropGrandpa

· 01-14 07:19

Wait, the company's market cap is only 4.6 billion, and Bitcoin reserves are 6.2 billion? Isn't that just giving it away for free? Is the market out of its mind? --- If BTC hits 100k, this stock will take off. With such a huge price difference, it can't stay like this forever. Rebalancing will happen sooner or later. --- I just want to ask, why is no one doing this kind of arbitrage? Luckily, there must be some hidden traps. --- Haha, this is the legendary discounted asset, undervalued to an unbelievable degree. --- Damn, a 1.6 billion gap. If it's really a pricing error, I might bet on it. --- It feels like the market really hasn't seen this clearly, or are investors having doubts about this holding? --- If the price hits 100k, I think the spread will shrink by half. That's just too crazy.

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DuckFluff

· 01-13 19:57

Damn, the price difference is really outrageous... Wait, the market cap is only 4.6 billion, and the coin value is 6.2 billion? Isn't this just an arbitrage feast? I'm stunned, how can there still be such a discount... Isn't this just pure undervaluation? Just waiting for it to rise. If 100k really comes, it'll be a huge profit...

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MEVVictimAlliance

· 01-13 04:01

Wow, a market cap of 6.2 billion BTC is only 4.6 billion? That's a huge gap. Just waiting for BTC to break 100,000.

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token_therapist

· 01-13 04:00

Wow, this arbitrage opportunity, with a market cap of only 46B and holdings of 62B? Isn't this just giving it away?

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0xLostKey

· 01-13 03:53

Is this price difference outrageous? Has the market really fallen asleep? --- When BTC hits 100k, this guy will be laughing to death, as paper wealth skyrockets. --- Wait, with a market cap of only 46b and holdings of 62b? Isn't this just giving it away... --- I just want to know when the market will react; this gap will be filled sooner or later. --- Undervalued? Or is there some other trick? This is what I really want to figure out.

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