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Curated crypto headlines with the on-chain context most tools skip. Written by the team behind Koinlytics.
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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.

BTCtreasury-companiesmnavAug 6, 2026

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