U.S. stocks are pumping hard. Bitcoin is dumping hard.
U.S. stocks are pumping hard Bitcoin is dumping hard Fuck this crypto shit man !! pic.twitter.com/3OSZNf5Weh — Ash Crypto (@AshCrypto) November 11, 2025 MicroStrategy ($MSTR) traded at a notable premium to its modified NAV (mNAV) relative to Bitcoin ($BTC). Because $MSTR also issued debt—effectively paying ~7–10% to lever up its Bitcoin exposure—the company’s equity became …