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mNAV speculation in public markets is back . Coined as a colloquial oversimplification in crypto lingo, mNAV means multiple-to-net asset value or the ratio of market capitalization to the crypto assets held by a public company. However, as with most parlance from the nascent crypto sector, the acronym is a misnomer. Unlike trusts, public companies do not have “net assets,” a controlled term, nor is there any right of common shareholders to redeem shares for any assets. Even MicroStrategy, the largest company trading at a positive mNAV, explicitly tells its shareholders that its stock (MSTR) doesn’t confer any ownership interest in the bitcoin (BTC) the company holds. At some point people will stop valuing $MSTR based upon their mNAV or Bitcoin yield, and start valuing it based on the fact that it will be single largest holder of Bitcoin for the rest of human history. Bullish. — Michael R. Sullivan (@SullyMichaelvan) April 30, 2025 An investor invents justifica...

The Bitcoin price jumped 4% in the last 24 hours to trade at $102,949 as of 2.40 a.m. EST on trading volume that skyrocketed 52% to $72.02 billion. The increase in the BTC price is believed to be due to news of MicroStrategy’s latest purchase of Bitcoin, which marks the 12th consecutive week the firm has added to its stockpile. The recent acquisition saw the company purchase $1.1 billion worth of BTC. In response, Bitcoin, which dropped from $105k to $97.9k yesterday, immediately started a recovery. This has brought it to its current level at just under $103k. Bitcoin Price Prediction Bitcoin’s price has seen quite a bit of activity in the last two days. As mentioned, its price dropped from $105k to $97.9k, which was a major move after trading sideways for several days with extremely tight Bollinger Bands. As the price started spiraling down, the bands once again widened, only to narrow down again when the coin reached its bottom at around $98,000. However, following th...

Michael Saylor, founder of MicroStrategy, has shared the company’s Bitcoin tracker on X. The market expects an annoncement that the company has acquired another chunk of BTC. Bitcoin price hovered near $94,800 at the time of Saylor’s post on Dec. 29 MicroStrategy founder Michael Saylor has posted the company’s Bitcoin (BTC) tracker chart on X again. In recent months, every such post has been followed by an announcement that the world’s largest corporate holder of the flagship digital asset had acquired another haul. Industry experts and observers have been quick to point out that MicroStrategy is about to announce another major BTC purchase. NEW: Michael Saylor posted his BTC purchase tracker again, which means MicroStrategy will announce another HUGE #Bitcoin purchase tomorrow. SAYLOR IS THE GOAT 🐐 pic.twitter.com/48RTgEE1ud — Nikolaus Hoffman (@NikolausHoff) December 29, 2024 Noticeably, MicroStrategy has acquir...

Record Bitcoin buy news emerged as MicroStrategy suggested its first Bitcoin purchase above $100,000. This could push its holdings to $50 billion. Their cryptocurrency investment strategy during Bitcoin market volatility shows their path to becoming the first BTC bank. This move sets new standards and shows strong faith in digital money. https://twitter.com/saylor/status/1868277366226841996?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1868277366226841996%7Ctwgr%5E8b57dda5fb55fa4ad491e2e2917242e8ccd0f2f4%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcoinpaper.com%2F6551%2Fmichael-saylor-teases-record-breaking-bitcoin-buy-for-micro-strategy Also Read: Ripple: How High Will XRP’s Price Be 5 Days From Now? MicroStrategy’s Strategy to Become the First Bitcoin Bank Amid Market Volatility Source: CryptoSlate Historic Six-Figure Bitcoin Purchase https://twitter.com/fgthiel/status/1867948767686885548?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1867962670906851461%7Ctwgr%5E8b57d...

The Bitcoin Price soared almost 4% in the last 24 hours to trade at $62,759 as of 11:12 p.m. EST on trading volume that rose 1% to $30 billion. This comes as MicroStrategy co-founder Michael Saylor says that the company aims to become a “Bitcoin bank” with a $1 trillion valuation. Bitcoin Price Aims For A Sustained Bullish Rally According to data from GeckoTerminal , the Bitcoin price has been consolidating since the beginning of September, trading within the $57,000 and $66,000 resistance. BTC has recently bounced from the Fair Value Gap (FVG) around $59,000, which supports the bullish rally, crossing the $62,500 resistance. The price of Bitcoin now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), further supporting the bullish sentiments. Moreover, the Relative Strength Index (RSI) is soaring above the 50-midline level, currently at 57 and moving up, which shows that the bulls have the upper hand. The Moving Average Convergence Divergence (MA...