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    <description>Institutional research, valuation modeling, and quantitative analysis on corporate Bitcoin treasuries, mNAV dynamics, and capital structure engineering.</description>
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    <lastBuildDate>Tue, 13 Oct 2026 04:46:31 GMT</lastBuildDate>
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      <title><![CDATA[Payment week cleared. The stack did not.]]></title>
      <link>https://strategyviewer.com/blog/payment-week-cleared-stack-did-not</link>
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      <description><![CDATA[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.]]></description>
      <pubDate>Thu, 01 Oct 2026 00:00:00 GMT</pubDate>
      <category><![CDATA[Bitcoin Treasury]]></category>
      <dc:creator><![CDATA[StrategyViewer Research]]></dc:creator>
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      <title><![CDATA[Payment week lands into a premium]]></title>
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      <description><![CDATA[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.]]></description>
      <pubDate>Thu, 24 Sep 2026 00:00:00 GMT</pubDate>
      <category><![CDATA[Bitcoin Treasury]]></category>
      <dc:creator><![CDATA[StrategyViewer Research]]></dc:creator>
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      <title><![CDATA[Demystifying the mNAV Quartet: Basic, Diluted, Net, and EV mNAV Explained]]></title>
      <link>https://strategyviewer.com/blog/demystifying-the-mnav-quartet-basic-diluted-net-ev-mnav</link>
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      <description><![CDATA[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.]]></description>
      <pubDate>Thu, 10 Sep 2026 00:00:00 GMT</pubDate>
      <category><![CDATA[Bitcoin Treasury]]></category>
      <dc:creator><![CDATA[StrategyViewer Research]]></dc:creator>
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      <title><![CDATA[How Strategy (MSTR) Uses Convertible Senior Notes as a Bitcoin Accretion Engine]]></title>
      <link>https://strategyviewer.com/blog/how-strategy-uses-convertible-debt-to-accrete-bitcoin</link>
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      <description><![CDATA[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.]]></description>
      <pubDate>Wed, 09 Sep 2026 00:00:00 GMT</pubDate>
      <category><![CDATA[Capital Structure]]></category>
      <dc:creator><![CDATA[StrategyViewer Research]]></dc:creator>
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      <title><![CDATA[Understanding Strategy’s Perpetual Preferred Equities (STRC, STRD, STRF, STRK, STRE)]]></title>
      <link>https://strategyviewer.com/blog/understanding-strategy-perpetual-preferred-equities</link>
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      <description><![CDATA[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.]]></description>
      <pubDate>Tue, 08 Sep 2026 00:00:00 GMT</pubDate>
      <category><![CDATA[Capital Structure]]></category>
      <dc:creator><![CDATA[StrategyViewer Research]]></dc:creator>
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      <title><![CDATA[The 200-Week Moving Average: The Cyclical Valuation Floor for Bitcoin and Strategy]]></title>
      <link>https://strategyviewer.com/blog/the-200-week-moving-average-cyclical-floor</link>
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      <description><![CDATA[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.]]></description>
      <pubDate>Mon, 07 Sep 2026 00:00:00 GMT</pubDate>
      <category><![CDATA[Macro Intelligence]]></category>
      <dc:creator><![CDATA[StrategyViewer Research]]></dc:creator>
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      <title><![CDATA[The Global Corporate Bitcoin Race: Strategy, Metaplanet, and the Next Frontier]]></title>
      <link>https://strategyviewer.com/blog/the-global-corporate-bitcoin-treasury-race</link>
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      <description><![CDATA[From MicroStrategy in the United States to Metaplanet in Japan, examine how corporate Bitcoin adoption is expanding across continents and reshaping public equity valuation.]]></description>
      <pubDate>Sun, 06 Sep 2026 00:00:00 GMT</pubDate>
      <category><![CDATA[Bitcoin Treasury]]></category>
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