Mpost Media Group(@mpost_io):📉 @MicroStrategy's enterprise mNAV has fallen below 1. With the stock declining to around $82, roughly 85% below its November 2024 all-time high, the company's enterprise value has dropped to $50.4B. Meanwhile, its $BTC holdings are worth about $51.1B at a #Bitcoin price of $60,000. In other words, the market is now valuing the entire enterprise at less than the value of the $BTC it holds. At these levels, issuing new shares would become dilutive, as the company would effectively be selling equity at a valuation below the value of its underlying assets, analysts note.

2026.06.29 15:00

📉 @MicroStrategy's enterprise mNAV has fallen below 1. With the stock declining to around $82, roughly 85% below its November 2024 all-time high, the company's enterprise value has dropped to $50.4B. Meanwhile, its $BTC holdings are worth about $51.1B at a #Bitcoin# price of $60,000. In other words, the market is now valuing the entire enterprise at less than the value of the $BTC it holds. At these levels, issuing new shares would become dilutive, as the company would effectively be selling equity at a valuation below the value of its underlying assets, analysts note.