CryptoQuant CEO: Selling BTC when mNAV is below 1 is not a wise move
Jinse Finance reported that CryptoQuant founder and CEO Ki Young Ju stated on social media that it is not wise for Strategy to sell BTC when the mNAV (the ratio of the company's value to the value of its bitcoin holdings) is below 1. Although this move may benefit MSTR shareholders in the short term, it will ultimately harm BTC, which in turn will damage MSTR's interests, creating a death spiral. Previously, Strategy's CEO stated, "We will only sell bitcoin if mNAV falls below 1 and we are unable to raise funds."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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