Key Takeaways Arthur Hayes says Strategy’s mNAV premium sat near 0.74x on August 27, erasing its old edge. Strategy holds 840,447 BTC but owes about $1.5 billion a year in STRK and STRC dividends. Hayes says Saylor must either issue equity, sell more bitcoin, or trim dividends going forward. The Premium Problem For years, Strategy Inc. (Nasdaq: MSTR) traded like a leveraged bet on bitcoin’s price, often commanding double or triple the value of the coins sitting on its balance sheet. That gap, known as market value to net asset value (mNAV), is what let the company sell new shares, …
Bitcoin
Crypto
The company’s public-market strategy centers on holding and actively managing XRP as a corporate treasury asset. Evernorth said on August 27 that the US …
The Office of the Comptroller of the Currency revised its bank supervision and enforcement framework on Aug. 27, directing examiners to focus on material financial …
