Strategy's Bitcoin Holdings Drop to Two-Year Lows
Strategy's Bitcoin Holdings Drop to Two-Year Lows
Strategy's market net asset value (mNAV) relative to its Bitcoin (BTC) holdings plummeted to 1.174 on Oct. 10, marking its lowest level in nearly two years. This decline coincided with a 3% drop in the company's shares and broader weakness observed across the cryptocurrency market.
Strategy’s market net asset value (mNAV) compared to Bitcoin (BTC) its holdings dropped to 1.174 on Oct. 10, the lowest level in almost two years. The company’s shares fell 3% to $307.95 amid broader weakness in the crypto market, translating to a market cap of $88.4 billion. Strategy is the 121st-largest US public company, holding […]
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