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Enterprise Mnav

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Strategy’s Bitcoin Premium Vanishes as Enterprise mNAV Falls Below 1
NEWSJUN 27, 2026
Strategy’s Bitcoin Premium Vanishes as Enterprise mNAV Falls Below 1
Strategy’s enterprise mNAV has slipped below 1, a milestone that suggests the market is now valuing the company at less than the bitcoin it holds. The shift raises fresh questions about how investors assess the firm’s leverage, treasury strategy, and future financing flexibility.