MicroStrategy Shares Drop 3.5% to $81.81 as Market Cap Breaches NAV
MSTR•MicroStrategy shares dropped over 3.5% to an annual low of $81.81, pushing market cap below net asset value and revealing $6.75B debt plus $15.5B preferred obligations. Michael Saylor flagged further Bitcoin buys despite cash covering under twelve months of dividend obligations.
1. Share Price Decline and NAV Breach
MicroStrategy shares fell over 3.5% to an annual low of $81.81 last Friday, pushing market capitalization below the company’s net asset value for the first time and extending an eight-session selloff that erased roughly 29% of equity last week.
2. Balance Sheet Pressures
The company now carries $6.75 billion in debt and $15.5 billion in preferred securities, while cash reserves cover under twelve months of dividend obligations, raising concerns about its ability to sustain payouts without asset sales or new financing.
3. Management Response and Outlook
Executive chairman Michael Saylor posted a Bitcoin acquisition-tracking chart signaling plans for further purchases, even as some investors advocate selling digital assets to shore up liquidity; retail sentiment remains in bullish territory despite the selloff.
