MicroStrategy's mNAV Falls Below 1; Market Valuation Trails Bitcoin Holdings at $511B

BTC2.31%
According to BlockBeats, MicroStrategy's mNAV fell below 1 on June 27, meaning the company's market valuation is now lower than its Bitcoin holdings. The stock has plunged to around $82, down 85% from its November 2024 peak, bringing enterprise value to approximately $50.4 billion. With Bitcoin trading near $60,000, MicroStrategy's Bitcoin holdings are valued at roughly $51.1 billion, making its equity valuation lower than its crypto reserves.
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