Source trace. Via News points to the documents behind its reporting and shows what we drew from each — so you can check any claim. How we source

Source document· December 9, 2025

Why Bitcoin Treasuries Are Trading at a Discount

View original at finance.yahoo.com

Why Bitcoin Treasuries Are Trading at a Discount TL;DR: Net capital inflows into Bitcoin totaled $661B since January 2024, with US spot ETFs acquiring approximately 5.2% of that flow, while FASB fair value accounting (effective 2025) eliminated impairment-only treatment that distorted corporate Bitcoin holdings on bala…

Opening lines of the source · short snapshot — read the full document at the original

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

Net capital inflows into Bitcoin totaled $661B since January 2024, with US spot ETFs acquiring approximately 5.2% of that flow
80% confidence
December 2025 Fed rate cut has 80% odds
80% confidence
The industry has likely passed peak treasury issuance
80% confidence
Most treasury companies now trade below NAV, with Strategy mNAV at 0.856
80% confidence