Strategy’s enterprise mNAV briefly fell below 1 on Friday, indicating that investors valued the company’s capital structure below its bitcoin treasury.
According to NS3.AI, CryptoQuant said the company’s preferred-share dividend obligations are about $1.2 billion annually, while its cash reserves are about $1.4 billion.
Strategy’s Enterprise mNAV Briefly Falls Below 1 as Dividend Obligations Near Cash Reserves
2026-06-26 21:27:29
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