đ° MSTRâs mNAV Drops Below 1 â Stock Plunges as Bitcoin Slips
đťStrategy (formerly MicroStrategy) is facing heavy pressure after its stock dropped more than 60% from its all-time high, closely tracking Bitcoinâs downturn.
đťA key metric, Basic mNAV, has fallen to 0.94, meaning the companyâs market value is now lower than the value of the Bitcoin it holds â a flashing warning sign for structural risk.
đťThe firm currently holds 641,692 BTC with an average cost of $74,079 per BTC. The ongoing market weakness puts direct stress on the companyâs balance sheet.
đťAnalysts note this highlights the fragility of a business model overwhelmingly dependent on Bitcoinâs price trajectory.
#MSTR #Bitcoin #mNAV #MicroStrategy
đ What do you think â bargain opportunity or a red flag for the broader market? đ