Doubled down on $CREDITSTR by
@token_works.
Market cap is $900k. Treasury holds $850k in ETH + $98k in Credit NFTs. Total value is $948k.
$CREDITSTR is trading at 0.95x NAV.
Can't help but feel this is underpriced. All Credits are now circulating. There is no more overhang. Floor price is ranging around a healthy $60.
CreditStrategy is actively cornering supply and is already the largest holder with 1.25% of all Credits.
Even if the floor drops, 89.6% of CreditStrategy's ETH remains to bid it. ETH runway is currently 7.2 days and should last until burning for Statements goes live next week.
Only a matter of time before floor price bottoms and the flywheel begins.