Strategy’s bitcoin premium vanishes as mNAV crashes to 1x

The colloquial metric of investor confidence in Strategy, its multiple-to-Net Asset Value or mNAV, has fallen to 1x its BTC holdings.

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This episode is 4 minutes long.

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This episode was published on January 7, 2026.

What is this episode about?

The colloquial metric of investor confidence in Strategy, its multiple-to-Net Asset Value or mNAV, has fallen to 1x its BTC holdings.

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