Bitcoin hit $126,000, but BTC treasury companies including Strategy, ASST and MPJPY made no new purchases, according to Adam Livingston. With mNAV unchanged, he

Bitcoin hit $126,000, but BTC treasury companies including Strategy, ASST and MPJPY made no new purchases, according to Adam Livingston. With mNAV unchanged, he says the market is being pushed back to basic arithmetic and valuation discipline.