According to Coinglass data, Strategy Inc. (Nasdaq: MSTR) was trading at $227.385 intraday, down 1.71%, with a market capitalization of approximately $65.34 billion. This falls below the estimated market value of its 641,692 bitcoin holdings, which stands at roughly $66.59 billion. MSTR briefly traded at a discount to its bitcoin holdings, reflecting a temporary negative premium.
MSTR's discount to BTC holdings at $65.34B cap vs $66.59B in 641,692 coins marks a rare dip below NAV – down 1.71% intraday on Nasdaq. Recent $49.9M purchase pushed holdings to this level, but stock lags BTC's surge
Interesting to see MSTR dipping below its BTC holdings value—market's pricing in some risk around that heavy exposure. Reminds me of how leveraged plays can swing wildly in volatile times. Temporary blip or signal?