{"id":11798,"date":"2025-09-25T18:59:03","date_gmt":"2025-09-25T18:59:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/mstr-stock-plot-thickens-as-strategys-mnav-and-bitcoin-price-crash\/"},"modified":"2025-09-25T18:59:06","modified_gmt":"2025-09-25T18:59:06","slug":"mstr-stock-plot-thickens-as-strategys-mnav-and-bitcoin-price-crash","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/mstr-stock-plot-thickens-as-strategys-mnav-and-bitcoin-price-crash\/","title":{"rendered":"MSTR stock plot thickens as Strategy\u2019s mNAV and Bitcoin price crash"},"content":{"rendered":"
\n

Strategy stock price crashed below an important support level as Bitcoin fell below $110,000 and as its mNAV multiple reached its year-to-date low.\u00a0<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • MSTR stock price has crashed below an important support level.<\/li>\n
  • There is a risk that it will form a death cross pattern soon.<\/li>\n
  • Bitcoin price has formed a head-and-shoulders on the daily chart and a rising wedge on the weekly.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Strategy stock price traded $297 on Thursday, its lowest level since April, and 35% below its all time high. This crash has brought its market capitalization from the year-to-date high of $129 billion to now $84 billion.<\/p>\n

    MSTR stock plunged amid the ongoing crypto market crash. <\/strong>Bitcoin (BTC) fell below $110,000 for the first time since Sep. 1. Worse, as the chart below shows, it has formed a head-and-shoulders pattern, pointing to more downside in the near term.<\/p>\n

    BTC price has formed a head-and-shoulders pattern | Source: <\/em>crypto.news\u00a0<\/em><\/figcaption><\/figure>\n

    Bitcoin has also formed a giant rising wedge on the weekly chart, meaning that this could be the start of a prolonged bear market.<\/p>\n

    <\/p>\n

    A prolonged Bitcoin price crash would be negative for Strategy, a company that has become the biggest holder globally. It holds 639,835 coins, currently worth $69 billion. The same coins would be worth $80 billion if it was at its all-time high of $124,200.<\/p>\n

    Most importantly, the falling BTC price means that the company\u2019s premium has plunged. The closely-watched mNAV multiple has dropped to the year-to-date low of 1.195, down from the November high of 3.4.<\/p>\n

    The falling mNAV multiple is risky for the company because it uses its premium to raise capital, which it uses to buy Bitcoin. For a long time, Saylor\u2019s rule was that he would not issue shares if the mNAV moved below 2.5. He changed it in August, opening the door for more dilution.<\/p>\n

    MSTR stock price technical analysis\u00a0<\/h2>\n
    \"MSTR
    Strategy stock chart | Source: TradingView<\/figcaption><\/figure>\n

    The daily timeframe chart shows that the MSTR stock price has crashed from a high of $457 in July to $295 today.<\/p>\n

    It dropped below the important support level at $318, where it failed to move below several times this month.<\/p>\n

    Worse, the stock is about to form the risky death cross pattern as the spread between the 50-day and 200-day Exponential Moving Averages has narrowed.<\/p>\n

    A death cross would lead to more downside, potentially to the important support level at $230, its lowest level in April this year. This target is about 25% below the current level.\u00a0<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Strategy stock price crashed below an important support level as Bitcoin fell below $110,000 and as its mNAV multiple reached its year-to-date low.\u00a0 Summary MSTR stock price has crashed below…<\/p>\n","protected":false},"author":1,"featured_media":925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11798"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11798\/revisions"}],"predecessor-version":[{"id":11799,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11798\/revisions\/11799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/925"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}