Michael Saylor’s MSTR stock at risk, DAT bubble shows signs of bursting

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Strategy Inc. (known to the cool kids as MSTR, but don’t worry, they’re still figuring out how to make it sound important) has seen its stock price plummet faster than a skydiver who forgot to pack their parachute. It’s now hit the lowest level since April. Yes, you heard that right. April. When dinosaurs roamed the earth, or at least that’s what it feels like in the stock world.

  • Shockingly, MSTR’s stock has plunged by a heart-stopping 45% from its year-high. 🤯
  • In fact, it’s taken a swan dive of over 53% from its all-time high. It’s like watching a rocket ship launch, only for it to land in a swamp. 🛸💥
  • And guess what? The Digital Asset Treasury (DAT) bubble is doing its best impression of a popped balloon. 🥳

Strategy, once strutting around as MicroStrategy (a name that surely gave them bonus points in the “we’re very important” department), has crashed down to a humble $250. That’s a drop of 45% from their peak this year, which was probably accompanied by confetti and a mariachi band.

They’ve fallen so far, it’s now over 53% from their all-time high. This brings their market cap to a mere $72 billion-down from the utterly astronomical $128 billion. It’s as if they were riding high on a unicorn made of solid gold, and now they’re desperately hitching a ride on a rusty bicycle. 🚲

Digital Asset Treasury Trouble: Or, How I Learned to Stop Worrying and Love the Crash

The MSTR stock price continues to tumble, as if it’s trying to set a world record for how fast one company can lose all credibility in the digital asset treasury industry. If you’re holding MSTR, it might be time to check under your seat for any loose change, because things aren’t looking great.

According to data-because apparently, the numbers can’t lie-Strategy’s market net asset value (mNAV) has nosedived from a high-flying 3.5 in November last year to a tragic 1.08 today. This is the metric that takes into account the company’s Bitcoin (BTC) balance and its valuation. And let’s just say, no one’s betting on them to win the “Most Valuable Player” award anytime soon.

The enterprise value-based mNAV is dropping faster than a lead balloon, falling from over 4 in 2024 to a sad 1.311. For those who like big, scary numbers, this means that the total cost of acquiring this company (debt included, but cash excluded, because we know cash isn’t as sexy as debt) just keeps getting cheaper. 📉

And what does this mean? Well, unless you like being a part of a sadder version of the “Biggest Bitcoin Treasury Companies Club,” there’s a good chance MSTR’s market cap and NAV multiples are heading below 1. This, of course, would bring them into the realm of other companies like KindlyMD, Metaplanet, and The Smarter Web Company (who, by the way, have also seen their shares of the dreaded plummet). 🎢

Tom Lee’s BitMine stock, for example, has plummeted by more than 70%. So, if you’re looking for a rollercoaster ride in the world of digital assets, you’ve come to the right place. 🎠

Other digital asset treasury companies like Alt Sigma, Tron Inc., and The Smarter Web Company (a name that surely screams “genius” but sadly is now synonymous with “whoops”) have all taken their own nosedive into the deep abyss of double-digit losses. 🙃 Most of them are currently rocking a NAV multiple under 1, which is never a good sign unless you’re a fan of… well, not very good signs.

Case in point: Japan’s Metaplanet has a market cap of $3 billion, but its Bitcoin holdings are valued at over $3.2 billion. So, congratulations, Metaplanet. You’re now officially worth more as Bitcoin than as a company. 🎉

MSTR Stock Price: The Technical Breakdown No One Wants to Hear

Technical analysis is about as fun as a root canal, but here goes: The MSTR stock price is headed south, and not in the fun, vacation-to-the-beach way. It’s forming a death cross pattern (yes, you read that right), as the 50-day moving average dives below the 200-day moving average. This is the kind of pattern that screams, “Maybe it’s time to sell!” 🖤

And just when you thought things couldn’t get worse, the Average Directional Index (ADX) has shot up to 28, its highest level since May 20. If you’re wondering what this means, well, it’s basically saying that the downtrend is gaining strength. You know, like a snowball rolling downhill… but with much less fun and way more panic. ⛄️

Also, the Relative Strength Index and the Stochastic are still falling, so don’t expect any sudden miracles. The Supertrend indicator is still hovering above the stock, like that one guy at a party who won’t stop telling you about his startup. It’s pointing to more downside, possibly heading straight for the psychological $200 mark. 🧠

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2025-11-05 20:58