Share value dilution together with key asset price falls is the worst combination to be having.
Hang on to you seats....
MSTR stock forms a death cross pattern as enterprise mNAV turns negative
MSTR stock price rose by over 1% on Boxing Day as Bitcoin and other cryptocurrencies staged a cautious rebound.MicroStrategy’s shares jumped to $160, higher than this month’s low of $157. Still, the stock may be at risk of further downside.One reason for the loss of its premium is the ongoing Bitcoin crash that has moved it from the year-to-date high of $126,200 to the current $88,800.Strategy’s stock price will likely continue to fall as sellers target the psychological threshold of $100.Data compiled by Bitcoin Treasuries showed that the mNAV dropped to 0.988. This occurred as its enterprise value fell to $59 billion, while the valuation of its Bitcoin holdings stood at $59.7 billion.The company may also remain under pressure as Bitcoin has formed bearish chart patterns, as we wrote in this prediction. It has formed a death cross and a bearish pennant on the daily chart. This means that the coin may drop to last month’s low of $80,000.SXP bulls face harsh reset as TWT rebounds over
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