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MicroStrategy’s Bitcoin Holdings Surpass Its Market Capitalization

MicroStrategy’s mNAV fell below parity as its $65 billion market cap slightly lags the $65.16 billion value of its Bitcoin holdings, highlighting strong asset-price correlation.

BTC

Summary

MicroStrategy’s latest data from Bitcointreasuries show its market capitalization at $65 billion, marginally less than the $65.16 billion valuation of its 641,692 BTC holdings. This results in a market net asset value (mNAV) ratio of 0.989, down from 0.993 previously. The company’s Bitcoin reserves closely track its equity valuation, emphasizing the tight correlation between MSTR share performance and Bitcoin’s price movements.

Terms & Concepts
  • Market Capitalization: The total value of a company's shares, calculated by multiplying share price by total outstanding shares.
  • Bitcoin Holdings: The total amount of Bitcoin owned or controlled by an individual, company, or institution.
  • mNAV: Market Net Asset Value ratio, comparing a company’s market capitalization to the market value of its underlying assets.