this post The strategy’s Bitcoin Premium turns negative as mNAV drops below 1 appeared first on Coinpedia FinTech News
Michael Saylor’s strategy is now valued at less than the market capitalization of the Bitcoin it holds, with its mNAV ratio falling below 1 for the first time in the current cycle. The company previously traded at a significant premium, which helped fund additional Bitcoin purchases through stock sales. The management said that the issuance of shares is less than…
