BUSINESSTHE BLOCK
Strategy loses its bitcoin premium as enterprise mNAV dips below 1
Strategy's STRC shares fell to a record low of $71.40, causing the preferred shares to trade about 25% below par. The decline coincides with the enterprise mNAV dropping below 1.
Related Signal
Adjacent reporting
- XRP falls 4% below $1.30 as bitcoin-led market weakness pulls down majors
- Strategy's STRC preferred stock hits a record low below par
- Strategy Shares Fall to 4-Month Low as STRC Dips and Bitcoin Sinks Under $60K
- Robinhood dips as Q1 earnings miss and crypto revenue, volume fall nearly 50%
- Strategy posts $12.54 billion Q1 loss on declining bitcoin price