Crypto DATCOs Gain, BMNR Skyrockets

Financial markets are abuzz with talk of a potential shift away from the U.S. dollar, driven by ECB comments and interest rate cut expectations. This shift is boosting investor risk appetite, leading to gains in specific sectors. Meanwhile, a new metric, mNAV, is gaining traction, helping investors evaluate companies based on their crypto holdings. DATCOs, or digital asset treasury companies, are showing strong performance, with BMNR stock surging 51% since November. Analysts are optimistic about BMNR, SBET, and other ETH DATCOs, while FG Nexus, Sequans Communications, and Kindly MD are seen as potential value opportunities.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.