MicroStrategy’s mNAV is officially below 1, a scenario in which the company said it would start DUMPING even more Bitcoin, but this time on a much larger scale. This will trigger a selling spiral. They’ll be forced to sell Bitcoin, putting further pressure on both Bitcoin and their stock price. As the stock declines, they’ll need to sell even more Bitcoin to cover losses, creating a vicious cycle that cannot be stopped. The Ponzi is unravelling in real-time.(Jacob King)