A Look at Token Sale Treasuries

Every week the Mosaic research team will delve into important topics within the cryptoasset space.

Mosaic
Mosaic
Sep 5, 2018 · 9 min read

Jason Yannos and Lanre Ige

Introduction

Treasury selling and the implications for Ether (ETH)

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Source: Dapp Capitulation / Mosaic.io

Enterprise Value and cryptoasset treasuries

Enterprise value =

Common equity at market value

+ debt at market value

+ minority interest at market value

+ preferred equity at market value

+ unfunded pension liabilities and other debt-deemed provisions

- value of associate companies

- cash and cash equivalents

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Source: Returns On Negative Enterprise Value Stocks: Money For Nothing

Treasury-to-Market (TM) ratio

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Source DappCapitulation & Mosaic.io

Potential issues with investing based on the TM ratio

Mosaic Blog

Cryptoasset data and research platform.

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