{"id":15295,"date":"2025-11-05T17:43:04","date_gmt":"2025-11-05T17:43:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/michael-saylors-mstr-stock-at-risk-dat-bubble-shows-signs-of-bursting\/"},"modified":"2025-11-05T17:43:09","modified_gmt":"2025-11-05T17:43:09","slug":"michael-saylors-mstr-stock-at-risk-dat-bubble-shows-signs-of-bursting","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/michael-saylors-mstr-stock-at-risk-dat-bubble-shows-signs-of-bursting\/","title":{"rendered":"Michael Saylor\u2019s MSTR stock at risk, DAT bubble shows signs of bursting"},"content":{"rendered":"
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Strategy Inc., which trades under the ticker symbol MSTR, saw its stock price plunge to its lowest level since April.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • The MSTR stock price has crashed to its lowest level since April.\u00a0<\/li>\n
  • It has plunged by over 45% from its year-high.<\/li>\n
  • There are signs that the Digital Asset Treasury (DAT) bubble has burst.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Strategy, previously known as MicroStrategy, is the biggest digital asset treasury company, crashed to $250, down by 45% from its highest level this year. <\/p>\n

    It has plunged by over 53% from its all-time high, bringing its market cap to $72 billion, down from a record high of $128 billion.\u00a0<\/p>\n

    Digital Asset Treasury trouble<\/h2>\n

    The MSTR stock price has plunged amid ongoing concerns about the digital asset treasury industry, as companies in the sector have seen their lofty valuation metrics erode.\u00a0<\/p>\n

    Data shows that Strategy\u2019s market net asset value (mNAV) multiple has crashed from 3.5 in November last year to 1.08 today. This metric looks at the spread between a company\u2019s Bitcoin (BTC) balance and its valuation.\u00a0<\/p>\n

    The enterprise value-based mNAV has dropped to 1.311, down from over 4 in 2024 as its stock jumped. A company\u2019s enterprise value reflects the total cost of acquiring a company, including its debt and excluding its cash.<\/p>\n

    <\/p>\n

    Therefore, there is a likelihood that the market cap and the enterprise value-based NAV multiples will move below 1. This will be in line with that of other top Bitcoin treasury companies like KindlyMD, Metaplanet, MicroCloud Hologram, and Semler Scientific.\u00a0<\/p>\n

    The ongoing MSTR stock crash is a sign that the DAT bubble has burst as stocks of most companies in the industry have plunged. For example, Tom Lee\u2019s BitMine stock has plunged by over 70% from its all-time high.<\/p>\n

    Other treasury companies like Alt Sigma, Tron Inc., and The Smarter Web Company have all plunged by double digits. Most of them have a NAV multiple below 1, meaning their Bitcoin holdings are worth more than their valuations.<\/p>\n

    For example, Japan\u2019s Metaplanet has a market cap of $3 billion, while its Bitcoin holdings are valued at over $3.2 billion.\u00a0<\/p>\n

    MSTR stock price technical analysis\u00a0<\/h2>\n
    Strategy stock price chart | Source: crypto.news<\/figcaption><\/figure>\n

    Technical analysis suggests that the Strategy stock price has more downside, which will drag its NAV below 1. It formed a death cross pattern on Oct. 22 as the 50-day moving average dropped below the 200-day one. This pattern points to more downside.<\/p>\n

    The Average Directional Index has jumped to 28, its highest level since May 20. A soaring ADX indicator is a sign that the downtrend is strengthening.<\/p>\n

    Also, the Relative Strength Index and the Stochastic have continued to fall. The Supertrend indicator remains above the stock, pointing to more downside, potentially to the psychological point at $200.\u00a0<\/p>\n

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

    Strategy Inc., which trades under the ticker symbol MSTR, saw its stock price plunge to its lowest level since April. Summary The MSTR stock price has crashed to its lowest…<\/p>\n","protected":false},"author":1,"featured_media":594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15295","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\/15295","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=15295"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15295\/revisions"}],"predecessor-version":[{"id":15296,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15295\/revisions\/15296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/594"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}