KoinlyticsMNAV news
Curated crypto headlines with the on-chain context most tools skip. Written by the team behind Koinlytics.
Strategy Sold 1,690 Bitcoin at an $18.8M Loss to Buy Back Its Own Preferred Stock
Strategy disclosed selling 1,690 BTC at an average $64,262 between August 3 and 9, roughly $11,000 below its $75,385 cost basis. All $108.6 million went to repurchasing 1,152,020 STRC preferred shares. Holdings now stand at 840,447 BTC.
Strategy Trades at 0.68 Times Its Bitcoin and That Number Breaks the Whole Model
Strategy's multiple to net asset value fell from about 3.4x in November 2024 to 0.68x by August 3, 2026. Below 1.0x, issuing shares to buy Bitcoin dilutes Bitcoin per share instead of adding it. More than 200 public companies now run the same playbook.
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