STRC once fell to an all-time low of $71.40, and the corporate mNAV touched a low of 0.98.

Jinse Finance reported that on June 27, the premium on Strategy's (formerly MicroStrategy) bitcoin holdings briefly disappeared on Friday, with its enterprise mNAV (enterprise value to bitcoin holdings market value ratio) falling below the 1.0 threshold, hitting a low of approximately 0.98. A drop below 1 indicates that the market's valuation of its overall capital structure is lower than its bitcoin reserve value.
Strategy common stock fell to a low of $82.16 on Friday, and continued to drop to $81.80 in after-hours trading. Its preferred stock STRC hit an all-time low of $71.40 during the session, a discount of approximately 26% from its $100 par value.
Analysts pointed out that Strategy's annual preferred stock dividend obligation of approximately $1.2 billion is putting pressure on its cash flow, with the company's cash reserves having fallen to around $1.4 billion. In addition, the enterprise mNAV of Metaplanet and Nakamoto has also fallen to around 0.9 and 0.92 respectively, with only Strive still maintaining a premium level of 1.24. Meanwhile, bitcoin was trading around $59,560.
STRC-0.38%
BTC1.39%
ASST2.58%
SATA0.38%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned