Derived from TheMarketPeriodical, MSTR stock dropped over 4% on Monday as CEO Phong Le and Michael Saylor revealed that Strategy may sell Bitcoin if the mNAV falls below 1X. The company announced a $1.44 billion reserve to fund dividends and improve creditworthiness. Strategy’s mNAV has declined significantly amid Bitcoin’s recent price drop below $90,000, raising concerns about its sustainability. Saylor stated that selling BTC or derivatives could be in the best interest of shareholders if mNAV turns negative.
MSTR Stock Slides as Saylor Admits BTC Sales Possible Under mNAV Stress
TheMarketPeriodicalShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.