Strategy's mNAV ratio fell below 1.0 as its enterprise value dropped under its Bitcoin holdings. The company sold BTC for the first time in four years.

Strategy's mNAV ratio fell below 1.0 as its enterprise value dropped under its Bitcoin holdings. The company sold BTC for the first time in four years.

Strategy sold 32 Bitcoin for $2.5 million to fund preferred stock dividends, marking its first BTC sale since 2022 and authorizing up to $1.25B in future