IA HODL MODEL update (Patreon)

NAV Premiums keep on dropping.

MARA down to 37% - it assumes all their rigs, infra, IP, real estate etc are only worth 1.6BN

This is not the case.

MSTR down to 1.72 (pure BTC bag over market cap - simpler calculation than the ARB Model)

We are seeing some profit taking/ tax selling into the close.