DevCoinDeskabout 3 hours ago
Strategy overhauls bitcoin metrics amid bear market
1 min read
Strategy replaced gross bitcoin metrics with net equivalents, subtracting $22.3 billion in senior claims from its $55.6 billion BTC reserve. The new net reserve stands at $36.6 billion. The revised mNAV permanently sets the equity issuance threshold at 1.0x. A 3.22% BTC breakeven ARR would let bitcoin gains cover interest and preferred dividends indefinitely.
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