Viewpoint: MicroStrategy MSCI The risk of exclusion may already have been priced in,MSTR net mNAV if it falls below 1 it could be an opportunity

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BlockBeats reports that,October 17, crypto KOL CM published a viewpoint stating that the market may have already priced in MSCI after excluding the impact of MicroStrategy (Strategy); when actual passive selling pressure emerges,MSTR the share price may not necessarily fall significantly further.MSTR fell 9.56%.

There are different statistical approaches to valuing MSTR in the current market. Ordinary mNAV is the ratio of the company's market capitalization to the value of its BTC holdings, while net mNAV also considers factors such as preferred shares and debt, reflecting the share price relative to the net BTC value per share. Net mNAV falling below 1 is relatively uncommon and usually indicates that the market has begun to worry about the company's operating conditions or its valuation rationale.

Taking this year's June as an example, the market was concerned at the time that Strategy had tight cash reserves and that the decline in the price of BTC could render the company insolvent, putting pressure on net mNAV. Currently,Strategy has ample cash reserves, theoretically sufficient to cover approximately 3 years of dividend payments, while the price of BTC remains above its holding cost of approximately 75000 USD. Therefore, the probability of net mNAV falling again to 1 is low. If it falls below 1, it could instead become an investment opportunity.

Original link https://m.theblockbeats.info/flash/372327

Key points

BlockBeats relayed that KOL CM the market may have already priced in MSCI the impact of excluding Strategy.
MSTR fell at yesterday's close 9.56%。
Ordinary mNAV is the ratio of the company's market capitalization to its BTC holdings value, while net mNAV also considers factors such as preferred shares and debt.
Strategy The current cash reserves are theoretically sufficient to cover approximately 3 years of dividend payments.
BTC The price remains above Strategy approximately 75000 USD its holding cost.
The viewpoint states that if net mNAV falls below 1, it could become an investment opportunity.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

mNAV used to compare the market capitalization of Strategy with its BTC related value; net mNAV also incorporates preferred shares and debt. The viewpoint in the article states that the impact of excluding MSCI may already be reflected in the share price.

Why it matters to readers

Investors may monitor whether MSCI formally adjusts Strategy, as well as whether MSTR net mNAV falls below 1。

This is a market viewpoint, not a MSCI formal decision or a validated investment conclusion.

Risks and unknowns

The evidence does not show that MSCI has formally decided to exclude Strategy。
The evidence does not provide MSTR the current net mNAV specific value.
The judgment in the article comes from KOL CM, and no independently verified data was provided.

Viewpoint: MicroStrategy MSCI The risk of exclusion may already have been priced in,MSTR net mNAV if it falls below 1 it could be an opportunity

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