MSTR stock price may crash to $100 as dilution rises, mNAV nears negative — TradingView News
The MSTR stock price continued its downward trend as Bitcoin and other coins plunged on Monday. Strategy dropped by 8.15% on Monday, reaching a low of $162, which was slightly above the year-to-date low of $155.
Strategy is at risk of mNAV crashing below 1
The MSTR share price crashed by nearly 10% on the same day that the company announced a big Bitcoin purchase. In a statement, the company said that it acquired 10,645 coins worth $980.3 million last week.
That was the second week in a row that the company made such a big purchase. Before that, the firm bought 10,624 coins valued at $962 million. These purchases have brought its total holdings to 671,68 coins currently worth over $57 billion.
The purchases are a sign that the company is…
