The founder of Strategy, Michael Saylor, in his latest statement, released a signal of continued increase in bitcoin. At the same time, Strategy ' s mNAV has collapsed, which means that the market ' s valuation of the company is lower than the book value reference for its Bitcoin hold.
The holding signal is continuing.
Strategy has continuously configured Bitcoin as a core asset over the past few years. Saylor's statement was interpreted by the market as still not changing the idea of buying. For the outside world, the focus is not on a single move, but on whether the company will continue to direct its financing and cash flows to bitcoin.
Market response when mNAV falls
mNAV is a common indicator of the relationship between the company ' s market value and its net assets in bitcoin. After falling, the market compares company stock prices more directly, the size of the currency held and the ability to finance. For companies such as Strategy, where bitcoin is at the core, this change would magnify the interest of investors in subsequent growth.
Strategy is still the currency.
Strategy remains one of the most interesting samples of bitcoin held by listed companies. Saylor's latest suggestion is that the company's long-standing position on the bitcoin has not been relaxed. Next, the market will continue to observe whether it will publish new purchase records and whether the associated financial arrangements will be synchronized.