Strategy’s enterprise mNAV fell below 1 on Friday afternoon as its common stock extended its decline and its Stretch preferred stock hit a record low.
MSTR shares fell 3.5% on Friday and reached a yearly low near $82, adding further pressure to the company’s valuation.
Enterprise mNAV stood near 0.99, with Strategy’s enterprise value estimated at $50.3 billion against Bitcoin holdings worth roughly $50.6 billion. The company holds 847,363 BTC.
STRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, fell to about $71 before recovering to $74 at press time. The preferred stock remains well below its $100 stated amount.
Bitcoin was trading near $60,000 after repeatedly slipping below that level on Thursday and Friday, adding further pressure to Strategy’s valuation.
