Loading
Prediction market on metaculus. Strategy (formerly MicroStrategy, ticker MSTR) is the largest corporate holder of Bitcoin, with 843,738 BTC as of late May 2026. The company publishes a live metrics dashboard at https://www.strategy.com that reports its "mNAV" — defined on that page as Enterprise Value divided by the market value of its Bitcoin treasury (BTC Reserve). An mNAV of 1.0 means the company's enterprise value equals the dollar value of its Bitcoin holdings; values above 1.0 indicate the equity (including debt and preferred) trades at a premium to the underlying Bitcoin NAV, while values below 1.0 indicate a discount. Historically, MSTR traded at large premiums (mNAV peaked around 2.6–2.8× in late 2024). The premium has compressed significantly through 2025–2026. According to BitMEX and VanEck analyses, mNAV was around 1.20–1.28× through March–April 2026. As of May 29, 2026 (close), strategy.com reports mNAV at 1.24× with MSTR at $159.09, market cap of $55.95B, enterprise value of $77.3B, BTC reserve value of $62.46B, and BTC price of $74,032. A brief dip to about 0.97× was reported in November 2025, demonstrating that sub-1.0 readings have occurred recently. The June 8–12, 2026 window covers five US trading days. `{"format": "llm_question", "info": {"rating": {"quality": 3, "ambiguity": 3, "resolvability": 4, "passes": true}}}`
Resolves: 6/12/2026.