Michael Saylor posted a Twitter update hinting at a further Bitcoin purchase by Strategy after the company’s Bitcoin‑linked net asset value (mNAV) dropped below 1 for the first ...
Michael Saylor posted a Twitter update hinting at a further Bitcoin purchase by Strategy after the company’s Bitcoin‑linked net asset value (mNAV) dropped below 1 for the first time this cycle. The mNAV decline reflects a valuation where the company’s stock price now trades below the market value of its Bitcoin holdings, raising concerns about the sustainability of its equity‑funded acquisition model. Strategy previously disclosed a purchase of 520 Bitcoin on June 22 at an average price of about $67,068 per coin, bringing its total holdings to 847,363 Bitcoin. Saylor’s recent tweet, “We’re gonna need more charts,” follows a pattern in which similar tracker posts have preceded announced Bitcoin acquisitions. The current mNAV of roughly 0.80 coincides with Bitcoin’s price falling below $60,000, weakening the premium that historically funded share issuances and Bitcoin buys. Strategy’s financing includes common equity and preferred shares such as STRC, which have traded at significant discounts, increasing the cost of additional capital raising. Investors are debating whether the firm should continue accumulating Bitcoin or prioritize restoring a valuation premium to avoid dilutive equity issuance below about 1.22 times mNAV. Supporters argue that buying at lower prices aligns with the long‑term thesis and leverages the company’s large Bitcoin reserve, while critics warn that funding the purchases with discounted equity or preferred stock could be value‑destructive for shareholders. The market awaits Strategy’s next official disclosure to confirm whether a new Bitcoin purchase will occur and how the firm will address the valuation pressure.
- Publisher
- cryptonews
- Reliability
- high
- Published
- 6/29/2026, 10:00:36 AM
- Retrieved
- 6/29/2026, 10:00:36 AM
- Relevance
- 80%
- Confidence
- 85%

