{"id":67029,"date":"2026-01-09T10:01:32","date_gmt":"2026-01-09T10:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=67029"},"modified":"2026-01-09T10:01:32","modified_gmt":"2026-01-09T10:01:32","slug":"mike-novogratz-tells-scaramucci-crypto-treasuries-will-trade-below-nav-without-real-strategy-not-going-to-get-shareholder-value-just-by","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=67029","title":{"rendered":"Mike Novogratz Tells Scaramucci Crypto Treasuries Will Trade Below NAV Without Real Strategy: &#8216;Not Going To Get Shareholder Value Just By&#8230;&#8217;"},"content":{"rendered":"<div>\n<p><strong>Galaxy Digital Inc.<\/strong>\u00a0(NASDAQ:\u00a0<a href=\"http:\/\/finance.yahoo.com\/q?s=GLXY\" target=\"_blank\" rel=\"noreferrer noopener\">GLXY<\/a>) CEO\u00a0<strong>Mike Novogratz<\/strong> expressed concern Wednesday about the current state of cryptocurrency treasury companies, emphasizing the importance of creating shareholder value beyond just owning the underlying asset.<\/p>\n<h2 class=\"wp-block-heading\">Novogratz Questions Current Landscape<\/h2>\n<p>Speaking to\u00a0<strong>SkyBridge Capital<\/strong>\u00a0founder\u00a0<strong>Anthony Scaramucci<\/strong>,  Novogratz said that these companies will\u00a0continue to trade below their <a href=\"https:\/\/www.benzinga.com\/Opinion\/25\/10\/48273792\/the-treasury-trap-how-crypto-backed-stocks-are-trading-below-their-own-assets\">net asset\u00a0value<\/a>, between 80% and 95%, unless the management \u201cturns them into companies.\u201d<\/p>\n<p>\u201cRemember the guys running those, the CEOs of those DATs, and the boards, their job is shareholder value. So, what I\u2019m feeling pretty comfortable about is you\u2019re not going to get shareholder value just by owning the underlying asset,\u201d he argued.<\/p>\n<p>The Galaxy CEO said that the era of hyping people into bidding up the stock and selling it at a premium, in which old investors profit from new investors, is over. <\/p>\n<p>\u201cIt worked for Michael Saylor. It worked for Tom Lee,\u201d he added. \u201cIt worked for nobody &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/01\/49806511\/mike-novogratz-tells-scaramucci-crypto-treasuries-will-trade-below-nav-without-real-strateg?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Mike\" novogratz tells scaramucci crypto treasuries will trade below nav without real strategy: going to get shareholder value just by...>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Galaxy Digital Inc.\u00a0(NASDAQ:\u00a0GLXY) CEO\u00a0Mike Novogratz expressed concern Wednesday about the current state of cryptocurrency treasury companies, emphasizing the importance of creating shareholder value beyond just owning the underlying asset. Novogratz Questions Current Landscape Speaking to\u00a0SkyBridge Capital\u00a0founder\u00a0Anthony Scaramucci, Novogratz said that these companies will\u00a0continue to trade below their net asset\u00a0value, between 80% and 95%, unless the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-67029","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/67029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67029"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/67029\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}