Strategy Corp Considers Bitcoin Sale as 'Last Resort' Even if mNAV Falls Below Par

2025/12/02 09:02 (Updated 2025/12/02 12:01)
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Written by L.Kikutani
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Strategy Corp Considers Bitcoin Sale as 'Last Resort' Even if mNAV Falls Below Par

Bitcoin Sale as 'Last Resort'

Strategy Corp, the publicly traded company holding the largest amount of Bitcoin (BTC), has publicly disclosed the conditions under which it would sell its assets for the first time. Multiple media outlets reported the details shared by CEO Von Le during a podcast. There are two conditions for the sale: one is if the company's stock price falls below the value of the Bitcoin it holds, and the other is if it becomes impossible to raise new funds. CEO Von Le emphasized that this would be a 'last resort,' but acknowledged that it remains an option. This marks a shift from the 'never sell' policy previously advocated by Michael Saylor. The company's net asset value multiple (mNAV) currently fluctuates between 1.16 and 1.2...

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Iolite Vol.17

Iolite Vol.17

January 2026 issueReleased on 2025/11/29

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MAGAZINE

Iolite Vol.17

January 2026 issueReleased on 2025/11/29
Interview with Andrea Baglioni, Head of Capital, Solana Foundation, Iolite FACE Vol. 17 PHOTO & INTERVIEW: Hiroaki Miyata Features: "How to Attend International Conferences" and "Predicting 2026: A Map of the Future of Crypto Assets at a Crossroads" Crypto Journey: "From FASTNAIL to a DAT Company: Convano's Financial Strategy for Holding 21,000 BTC" Interview with Taiyo Azuma, Director of Convano Inc. Series: "An Expert's Perspective on the Fluctuating Crypto Asset Market" by Kasou Nishi Series: Tech and Future by Toshinao Sasaki, etc.