Bitcoin’s slumping again. The biggest corporate owner admits it may have to sell if things get worse. The end of MicroStrategy is here…

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MicroStrategy Admits a Bitcoin Sale Is Possible—Here’s When

“mNAV compares MicroStrategy’s market value to the value of its Bitcoin holdings. When mNAV drops below 1, the company becomes worth less than the Bitcoin it owns.”

“As of November 30, mNAV hovers near 0.95x, edging uncomfortably close to the 0.9x “danger zone.””

“The pressure stems from $750–$800 million in annual preferred share dividend payments, issued during MicroStrategy’s Bitcoin expansion.

Previously, the company used new equity issuances to cover these costs. With the stock down more than 60% from its highs and market skepticism rising, that avenue is narrowing.”

CRYPTO SELL-OFF CONTINUES…

Bitcoin and ether fell sharply on Monday, as the recent sell-off in cryptocurrencies resumed.

Bitcoin was last seen at about $84,305.26 at 11:25 a.m. ET, a slide of nearly 8%. Ether dropped around 10% to hit $2,732.22.

Solana had fallen about 10%, and was last seen around $124, while other closely watched tokens were also in the red.

EDGE OF CLIFF?

The biggest corporate holder of bitcoin has announced a U.S. dollar dividend reserve of more than $1 billion, days after its top executive laid out what might force the company to sell some of its $56 billion in bitcoin holdings.

Today is the beginning of the end of $MSTR. Saylor was forced to sell stock not to buy Bitcoin, but to buy U.S. dollars merely to fund MSTR’s interest and dividend obligations. The stock is broken. The business model is a fraud!