It's time to burn down Strategy's premium, like my last pizza, because enterprise mNAV dips below 1. According to The Block, Strategy's STRC price briefly fell to a record low of $71.40 on Friday, leaving preferred shares about 25% below par, and my portfolio's potential returns in a world of hurt.
#StrategyPremium #EnterpriseMNAV #CryptoPain
This means investors may be more cautious about adding funds to Strategy, and I wouldn't blame them since it's basically trading like my grandma's 401k. The price drop also shows how risk appetite can quickly shift in the market, which I learned from getting FOMO'd out of Luna - not that I'm bitter.
Now, it's your turn - what are you going to do about Strategy's premium plummet?