For Michael Saylor and his treasury company Strategy, the transition from 2025 to 2026 was a test of their conviction.
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MicroStrategy’s mNAV premium has vanished. Can capital markets keep funding its Bitcoin strategy without valuation cushion?
Strategy (MSTR) is back in focus after disclosing an unrealized loss of about US$17.4b on its bitcoin holdings, while simultaneously lifting its preferred dividend rate to 11% and adding more bitcoin ...