{"id":18725,"date":"2025-12-26T17:35:09","date_gmt":"2025-12-26T17:35:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/mstr-stock-forms-a-death-cross-pattern-as-enterprise-mnav-turns-negative\/"},"modified":"2025-12-26T17:35:20","modified_gmt":"2025-12-26T17:35:20","slug":"mstr-stock-forms-a-death-cross-pattern-as-enterprise-mnav-turns-negative","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/mstr-stock-forms-a-death-cross-pattern-as-enterprise-mnav-turns-negative\/","title":{"rendered":"MSTR stock forms a death cross pattern as enterprise mNAV turns negative"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">MSTR stock price rose by over 1% on Boxing Day as Bitcoin and other cryptocurrencies staged a cautious rebound.\u00a0<\/p>\n<div id=\"cn-block-summary-block_9dc1e8a6e93a43c2b9b040f3c7a8ceeb\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>MicroStrategy\u2019s shares jumped to $160, higher than this month\u2019s low of $157. Still, the stock may be at risk of further downside.<\/li>\n<li>One reason for the loss of its premium is the ongoing Bitcoin (BTC) crash that has moved it from the year-to-date high of $126,200 to the current $88,800.<\/li>\n<li>Strategy\u2019s stock price will likely continue to fall as sellers target the psychological threshold of $100.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>MicroStrategy\u2019s shares jumped to $160, higher than this month\u2019s low of $157. Still, the stock may be at risk of further downside as the company\u2019s enterprise value net asset value (mNAV) turned negative for the first time.\u00a0<\/p>\n<p>Data compiled by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/bitcointreasuries.net\/public-companies\/microstrategy\" target=\"_blank\" rel=\"nofollow\">Bitcoin Treasuries<\/a> showed that the mNAV dropped to 0.988. This occurred as its enterprise value fell to $59 billion, while the valuation of its Bitcoin holdings stood at $59.7 billion.\u00a0<\/p>\n<p>The basic market capitalization-based net asset value dropped to 0.763. These numbers mean that the premium that the company had a few months ago has disappeared.\u00a0<\/p>\n<p>One reason for the loss of its premium is the ongoing Bitcoin (BTC) crash that has moved it from the year-to-date high of $126,200 to the current $88,800. This decline has led to a sharp decline in the value of its Bitcoin holdings.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Another risk is that the company has continued to dilute its shareholders through its at-the-market offerings. In a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/assets.contentstack.io\/v3\/assets\/bltf8d808d9b8cebd37\/blt5d076d61eebdec9e\/6948cb2077fa9f36d375147a\/form-8-k_12-22-2025.pdf\" target=\"_blank\" rel=\"nofollow\">regulatory filing<\/a>, the company reported that it still has more than $11.8 billion remaining in its ATM offerings, indicating that further dilution is expected.<\/p>\n<p>This dilution has brought its outstanding shares to over 267 million, up from 93.2 million in 2022.<\/p>\n<p>The company may also remain under pressure as Bitcoin has formed bearish chart patterns, as we wrote in this prediction<strong>.<\/strong> It has formed a death cross and a bearish pennant on the daily chart. This means that the coin may drop to last month\u2019s low of $80,000.<\/p>\n<h2 class=\"wp-block-heading\">MSTR stock price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Strategy share price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The three-day chart shows that the MSTR share price has been in a free fall in the past few months. It has now formed a death cross pattern as the 50-day and 200-day Weighted Moving Averages crossed each other.<\/p>\n<p>The stock has moved below the important support at $230, its lowest level in March. It also plunged below the 61.8% Fibonacci Retracement level.\u00a0<\/p>\n<p>Therefore, the Strategy stock price will likely continue to fall as sellers target the psychological threshold of $100. This decline will be confirmed if it moves below the 78.6% Fibonacci Retracement level at $126.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MSTR stock price rose by over 1% on Boxing Day as Bitcoin and other cryptocurrencies staged a cautious rebound.\u00a0 Summary MicroStrategy\u2019s shares jumped to $160, higher than this month\u2019s low&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18725","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\/18725","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=18725"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18725\/revisions"}],"predecessor-version":[{"id":18726,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/18725\/revisions\/18726"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4029"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=18725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=18725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=18725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}