
Protos|Aug 14, 2025 21:48
.@Strategy’s premium has collapsed to a 17-month low.
MSTR is trading at just 1.42x basic mNAV - its lowest since February 2024.
Even Saylor’s self-reported enterprise value mNAV is only 1.62x.
The world’s largest BTC treasury company is losing its magic premium… 🧵(Protos)
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