• Strategy Inc. (MSTR) sold 3,588 BTC for ~$216M between June 29–July 5, lowering holdings to 843,775 BTC; reported ~$2.55–2.6B USD reserves and an $8.32B digital-assets loss.
  • MSTR's mNAV, comparing enterprise value to bitcoin holdings, fell under 1.0 in late June; market-value debt/preferred calculations show mNAV roughly 0.89–1.04, lowering enterprise value.
  • Grayscale says Strategy Inc Class A (MSTR) holds ~$52B in Bitcoin and ~$7B debt; recent BTC sales aim to shore up financing and support a steadier price; JPMorgan flags two‑way risk.
  • Strategy Inc Class A (MSTR) shares traded lower in premarket following a disclosure, while other crypto-related stocks such as Robinhood Markets and Coinbase Global moved modestly higher.