Corporate treasuries over market cap
The market value of disclosed corporate holdings as a share of the asset's market capitalization.
Sizes how much of an asset's market value sits on the balance sheets of listed companies. Unlike the equity-world notion of a treasury, this is not the issuer's own cash pile — a digital asset has no issuer with a balance sheet — it is the holdings of unrelated public companies.
易产生误导之处
Only listed companies that disclose are counted, so the true figure is higher by an unknown amount. It also moves with price on both sides of the ratio, which makes changes in it hard to attribute to buying or selling without checking the unit count as well.
与股权的类比，以及为何该类比不成立
It resembles nothing in equity analysis. A company's treasury is its own asset; this is a measure of who else owns the thing, which is a register question, not a balance-sheet one.
如何解读高值或低值
A higher share means more of the supply is held by entities whose own financing decisions could move it.
本站覆盖范围内的最高值
仅按数值排序。这不是质量排名，不含任何观点。
