Crypto
Strategy's mNAV Ratio Skyrockets, Exposing Share-BTC Value Gap
Strategy, a company that holds Bitcoin reserves, has seen its mNAV ratio increase to approximately 1.14x as of September 7th.
This indicates a significant gap between the value of its shares and the value of its Bitcoin holdings.
The company's strategy allows it to generate new capital for buying Bitcoin by selling its shares at a premium price.
Metaplanet, another company with a similar strategy, has been pricing its BTC reserves at around 0.97x mNAV, which is significantly lower than Strategy's ratio.