MicroStrategy shares dropped 3.5% to $81.81 Friday, an annual low that erased 29% of market value and pushed market cap below its Bitcoin holdings (mNAV <1). The company holds $6.75 billion of debt and $15.5 billion in preferred securities while Michael Saylor signals new Bitcoin buys.
MicroStrategy shares declined over 3.5% on the week, reaching $81.81 Friday—an annual low that erased roughly 29% of market value as a sharp bitcoin price drop extended the selloff in its Bitcoin-linked equity.
The company’s market capitalization slipped below its Bitcoin holding value (mNAV under 1), signaling investor reluctance to pay a premium, while the balance sheet shows $6.75 billion in debt and $15.5 billion in preferred securities with cash covering under a year of dividends.
Executive chairman Michael Saylor posted an updated acquisition-tracking chart hinting at fresh bitcoin purchases, even as some market participants argue the company should sell a portion of its holdings to strengthen its capital position.
