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Strategy's valuation dips below Bitcoin holdings as sentiment sours
Strategy Inc.'s enterprise value has fallen below its Bitcoin holdings for the first time in years, with shares down 85% from their 2024 peak as crypto
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cryptobriefing.com
Strategy's market value falls below Bitcoin holdings for seven months
Strategy Inc. has traded below the value of its 847,363 BTC holdings for seven months, with its mNAV ratio near 1.0 since November 2025.
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theblock.co
Strategy loses its bitcoin premium as enterprise mNAV dips below 1
Strategy's STRC briefly fell to a record low of $71.40 on Friday, leaving the preferred shares about 25% below par.
