Strategy's mNav has fallen below 1, and its BTC holdings are worth more than the company's market capitalization.

2025-11-12 16:23

According to data from Bitcointreasuries.net, as reported by Odaily Planet Daily, Strategy (MSTR)'s mNav has fallen below 1, currently trading at 0.993 (meaning the company's market capitalization is lower than its BTC holding value). Its market capitalization is currently $64.9 billion, and its BTC holding value is currently $65.32 billion.

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Strategy&#39;s mNav has fallen below 1, and its BTC holdings are worth more than the company&#39;s market capitalization.

Tether, the king of stablecoins, dreams of gold, buying more gold than central banks.

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The story of Brother Machi&#39;s &quot;zeroing out&quot;: His account peaked at nearly $60 million, vanishing in 47 days.

Strategy's mNav has fallen below 1, and its BTC holdings are worth more than the company's market capitalization.

Tom Lee's latest interview: We are in a misunderstood "supercycle"

The story of Brother Machi's "zeroing out": His account peaked at nearly $60 million, vanishing in 47 days.