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Institutional deep-dives, quantitative valuation modeling, and educational guides on corporate Bitcoin treasuries, mNAV dynamics, and capital structure engineering.
Payment week cleared for three preferreds on September 30. Diluted mNAV sits essentially flat at about 1.00x, holdings ticked to 847,666 after a September 28 buy, and Q3 closed as a share-count story. STRC still pays October 15.
Payment week cleared for three preferreds on September 30. Diluted mNAV sits essentially flat at about 1.00x, holdings ticked to 847,666 after a September 28 buy, and Q3 closed as a share-count story. STRC still pays October 15.
STRF, STRK, and STRD pay September 30. Since last Thursday, basic mNAV moved from about 0.95x to about 1.06x while holdings rose to 846,000 BTC. Payment week now lands into a premium stack, not a discount.
Explore the mathematical foundation of StrategyViewer’s mNAV quartet: Basic mNAV, Diluted mNAV, Net mNAV, and Enterprise Value (EV) mNAV, and understand why the enterprise multiple trades at a premium while equity sits at a discount.
A comprehensive institutional analysis of Strategy’s 6 canonical post-split convertible senior notes: coupon structures, conversion thresholds, BTC rating coverages, and the anti-dilutive refinancing playbook.
An institutional breakdown of Strategy’s $14.8B perpetual preferred equity series: STRC, STRD, STRF, STRK, and the EUR-denominated STRE, exploring par dynamics and dividend safety.
How the 200-week moving average (1,400 calendar days) serves as an unbreakable macro floor for Bitcoin and Strategy, and how to interpret StrategyViewer’s four valuation heat tiers.
From MicroStrategy in the United States to Metaplanet in Japan, examine how corporate Bitcoin adoption is expanding across continents and reshaping public equity valuation.
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