Popular cryptocurrency analyst Michaël van de Poppe flagged on Sunday a "great opportunity" to buy into Strategy Inc.
(NASDAQ:MSTR) and Bitcoin (CRYPTO: BTC), likening the setup to the 2022 bear market bottom.
What Does mNAV Reading Say?
Van De Poppe quoted an X post by On-chain Mind showing how Strategy's Market Net Asset Value, or mNAV, is at depressed levels similar to the 2022 bear market bottom.
Market Net Asset Value is calculated by dividing the Strategy's Enterprise Value by the total market value of the Bitcoin it holds.
