Behind Strategy’s mNAV Debate: Leverage, Risk, and Bitcoin

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 Leverage, Risk, and BitcoinStrategy, formerly Microstrategy, faces aggravated scrutiny aft investors assertion it abandoned a cardinal safeguard against stock dilution, reigniting debates implicit the premium valuation of its bitcoin-heavy treasury. MSTR’s mNAV Policy Reversal Draws Scrutiny Strategy, known until precocious arsenic Microstrategy (Nasdaq: MSTR), has fundamentally transformed since 2020 from a concern quality bundle steadfast into a firm […]
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