Strategy mNAV Falls Below 1, Market Cap Lower Than Bitcoin Holdings Value

CoinFeed June 27 news, according to Coindesk, Bitcoin treasury company Strategy (MSTR) key metric mNAV fell below 1, indicating the market's overall valuation of the company has fallen below the total value of its on-book Bitcoin holdings, breaking the long-term norm of trading at a premium. Currently, MSTR stock price is around $82, a cumulative decline of 85% from its historical high in November 2024, with an enterprise value of $50.4 billion. Based on Bitcoin's current price of $60,000, the total value of the company's Bitcoin holdings is $51.1 billion, resulting in an asset discount.