Will MicroStrategy potentially crash?
In simple terms, the CEO of MicroStrategy indicated that if the mNAV falls below 1, they will consider selling Bitcoin. This is actually a foreseeable situation that could happen; previously, everyone discussed under what circumstances these cryptocurrency stock companies might encounter problems, such as a crash or a sell-off.
Currently, the mNAV is approximately 1.13. If the situation deteriorates, it is very likely that both cryptocurrencies and stocks will suffer simultaneously, leading to a spiral decline. The amount held by MicroStrategy could indeed trigger this crash.
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