
Protos|Oct 08, 2025 12:00
💨 PREMIUM EVAPORATES
Strategy's MSTR premium over its BTC holdings has collapsed to a 19-month low.
The multiple-to-net-asset-value mNAV is just 1.21x, a drastic drop from 3.4x last November, signaling waning investor optimism in @saylor’s playbook… 🧵 (Protos)
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