Golden Finance reported that as the price of Bitcoin fell to $98,000, Strategy (MSTR) dropped another 6.6% on Thursday, bringing its year-to-date decline to 30%, with its stock price returning to levels seen before Trump was elected in November last year.
Despite the company holding 641,700 Bitcoins (worth approximately $63.2 billion), its enterprise value (including preferred stock and debt) has reached $75.4 billion, representing a premium of nearly 20% over the value of its Bitcoin holdings. According to the company's dashboard, its mNAV ratio currently stands at 1.19.
Analysis shows that although some investors believe MSTR has entered the buy zone, considering the company's debt and preferred stock equity, its common stock trading price is still higher than the actual value of Bitcoin holdings.
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Strategy's stock price fell to a 13-month low, still at a premium of nearly 20% over its Bitcoin holdings.
Golden Finance reported that as the price of Bitcoin fell to $98,000, Strategy (MSTR) dropped another 6.6% on Thursday, bringing its year-to-date decline to 30%, with its stock price returning to levels seen before Trump was elected in November last year. Despite the company holding 641,700 Bitcoins (worth approximately $63.2 billion), its enterprise value (including preferred stock and debt) has reached $75.4 billion, representing a premium of nearly 20% over the value of its Bitcoin holdings. According to the company's dashboard, its mNAV ratio currently stands at 1.19. Analysis shows that although some investors believe MSTR has entered the buy zone, considering the company's debt and preferred stock equity, its common stock trading price is still higher than the actual value of Bitcoin holdings.