Strategy’s Market Value Drops Below Its Bitcoin Backing

[kevin1]

For the first time ever, Strategy’s market value has fallen below the net asset value of its Bitcoin holdings.
With BTC sliding under $100K — trading near $95,562 — analysts warn the company’s heavy leverage could turn into a structural threat.
If bearish momentum continues, Strategy may face what traders fear most: a potential “death spiral” as its debt now outweighs the value of its BTC collateral.

[Rimon Khan]

Trading below BTC value signals market doubt or short-term fear.

[EmTeam]

If fundamentals remain intact, this could become an undervalued opportunity.