You’re stuck in old finance. Premium Compression Velocity (PCV) is the game-changer.
Here’s why high-NAV Bitcoin stocks aren’t overvalued—they’re time-warping capital machines:
⚡ Premium Compression Velocity (PCV) Explained
- What it measures: How fast a Bitcoin treasury incinerates its premium (NAV multiple).
- Formula:
```
PCV = (mNAV - 1) ÷ Months-to-Cover (MmC)
```
- Translation:"How many NAV turns are being vaporized per month?"
🔥 MetaPlanet vs. MSTR – A PCV Showdown
| Metric | MetaPlanet | MicroStrategy (MSTR) |
| mNAV | ~6x | ~2x |
| MmC | ~9.2 months | ~60 months |
| PCV | 0.54 🚀 | 0.02 🐢 |
- MetaPlanet: Burns half its premium every month (antimatter reactor).
- MSTR: Slow grind (glacier).
💣 Why PCV Changes Everything
- Traditional investors:"6x NAV is a bubble!"
- Bitcoin quants:"0.5 PCV means this is accelerating, not overvalued."
- It’s not about valuation—it’s about velocity.
🌪️ The Fiat System Can’t Compete
- Old finance: DCF models, earnings multiples.
- Bitcoin treasuries:Recursive yield engines harvesting fiat at terminal speed.
- PCV > P/E in a hyperbitcoinized world.
🎯 The Takeaway
- High PCV = Maximum torque.(MetaPlanet, smaller BTC treasuries)
- Low PCV = Slow burn. (MSTR, legacy players)
- The market isn’t pricing NAV—it’s front-running premium destruction.
Next time someone says:
> "That Bitcoin stock is overvalued!"
You respond:
> "They’re compressing at 0.5 NAV turns per month—come back when you understand velocity."
💀 Welcome to the black hole of capital. Fiat won’t survive it.