Phyrex|Nov 17, 2025 17:19
Recently, MSTR's price has been criticized a lot, but last week they still persisted in buying BTC, and the purchase quantity increased. Last week, they bought a total of 8,178 BTC, spending $835.6 million. As of now, MSTR holds a total of 649,870 Bitcoin, with an average cost of $74,433 per Bitcoin.
Currently, MSTR's price has dropped below $200, and the mNAV (Basic) is underwater. Meanwhile, the fully diluted mNAV (Diluted) is now at 1.038, which is also quite risky.
Overall, publicly listed companies that use cryptocurrency as a strategic reserve are not doing so well. This might be because spot ETFs are developing better at the moment, becoming the preferred choice for more investors, and DAT's value is gradually being diluted.
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