Bitcoin24h $68,260.47-3.05%

Ethereum24h $2,055.08-4.43%

BNB24h $627.33-2.24%

XRP24h $1.38-3.82%

Solana24h $86.68-3.52%

TRON24h $0.3181+2.38%

Dogecoin24h $0.0903-3.99%

Hyperliquid24h $37.99-5.80%

Bitcoin Cash24h $466.28-0.52%

Cardano24h $0.2511-5.06%

CHART: mNAV down across bitcoin treasury companies

The premium that investors are paying for BTC treasury companies continues to decline. In other words, mNAV compression is real.

Strategy hasn’t sold any STRC through ATM since July

Michael Saylor has been particularly optimistic about expanding STRC domestically and abroad, yet his STRC ATM sales to date are $0.

The IRS said that Strategy can disregard unrealized gains and losses on digital asset holdings when computing income subject to the 15% CAMT.

Options are trading for every type of share at Michael Saylor’s Strategy, except for the company’s first and most bullish preferred share.

MSTR investors have grown accustomed to outperforming BTC, but they’ve actually underperformed it for 90% of the past year.