MicroStrategy’s mNAV Falls Below 1 as Shares Slide 29% on Bitcoin Drop
MSTR•Strategy shares plunged 29% last week, including a 3.5% drop Friday, as Bitcoin’s decline drove mNAV below 1 for the first time on 847,363 BTC holdings. The company holds $6.75B debt, $15.5B preferred securities and cash for under one year of dividends, while Michael Saylor hints at more Bitcoin purchases.
1. Weekly Share Performance
Strategy shares fell 29% over the past week, including a 3.5% drop on Friday, as Bitcoin’s recent decline drove the company’s market capitalization below the value of its 847,363 BTC holdings and pushed its mNAV below 1 for the first time.
2. Financial Obligations
The company now carries $6.75 billion in debt and $15.5 billion in preferred securities, with cash reserves sufficient for under one year of dividend payments, raising concerns over liquidity and funding needs.
3. Executive Bitcoin Strategy
Executive chairman Michael Saylor signaled plans for further Bitcoin acquisitions by sharing an acquisition-tracking chart, even as market participants suggest selling BTC to cover obligations and retail sentiment remains bullish on the stock.
