MSTR Stock mNAV Framework Update Sends Valuation Soaring

Strategy, the Bitcoin holding firm behind MSTR stock, has updated its modified net asset value (mNAV) framework. As a result, the mNAV has surged from 1.04x to 1.07x as per the revised methodology.

The company issues shares through its at-the-market (ATM) equity program at an mNAV above 1.00x to acquire additional Bitcoin or increase its U.S. dollar reserves. This benefits MSTR stockholders.

Since adopting a Bitcoin treasury strategy, MSTR stock has delivered a 42% annualized rate of return (ARR). It has outperformed several major benchmarks, including Bitcoin's 32% ARR and the S&P 500's 14% over the same period.