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Here’s What Would Happen if MicroStrategy’s Bitcoin (BTC) Holdings Fell Below NAV

source-logo  coingape.com 04 June 2025 13:45, UTC
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MicroStrategy (MSTR) continues its Bitcoin (BTC) accumulation strategy, with fresh purchases nearly every month. This has seen the company emerge as the fourth-largest BTC holder. However, as Bitcoin’s price rises, the company’s BTC cost basis rises, increasing the risk that a steep price correction could push its holdings below the net asset value (NAV). If this happens, what would happen to Strategy’s BTC holdings and the company’s Bitcoin bet?

coingape.com