Strategy Shares Plunge 9.35% to $92 as mNAV Hits 0.72 Low
MSTR•China’s top Bitcoin miner Jiang Zhuoer notes Strategy’s mNAV at 0.72—its lowest since May 2022—forecasting a BTC bottom near $42,000–$44,000 in late 2026. Strategy’s common stock plunged 9.35% to an intraday low of $92.28 on June 24, marking a 52-week low.
1. mNAV Indicator Suggests Undervaluation
Jiang Zhuoer highlights Strategy’s mNAV ratio at 0.72—its lowest level since May 2022—indicating the company is valued below its Bitcoin holdings per share. He uses this discount cycle to project a Bitcoin price bottom between $42,000 and $44,000 in late 2026, mirroring prior mNAV-driven signals.
2. Shares Plummet to New Lows
On June 24, Strategy’s common stock fell 9.35% to an intraday low of $92.28, a fresh 52-week low, as investors questioned the sustainability of Michael Saylor’s Bitcoin acquisition funding model. Preferred shares (STRC) also declined 7.41% to $80.84, trading below par value and raising concerns over future capital-raising capacity.
