TLDR
- Strategy’s mNAV dropped 5.93% to 1.11 after Bitcoin fell below $90K.
- MSTR stock lost 8.14%, closing at $162.08 on December 15, 2025.
- Strategy holds $57.91B in Bitcoin bought at $92,098 per coin.
- Bitcoin touched a low of $85,304 amid macroeconomic concerns.
Strategy’s market-based Net Asset Value (mNAV) fell 5.93% to 1.11, marking the lowest level in its recorded history. The drop followed a sharp decline in Bitcoin prices, which fell nearly 5% in 24 hours to a low of $85,304.
Strategy recently announced it had purchased $980.3 million worth of Bitcoin at an average price of $92,098 per coin. With Bitcoin trading below this level, investors are closely watching for possible adjustments to the company’s crypto strategy.
MSTR Stock Declines Over 10% Amid Market Volatility
MicroStrategy’s stock (MSTR) closed at $162.08 on December 15, down $14.37 or 10.14% from the previous session. The Nasdaq-listed stock experienced this decline as the broader crypto market turned bearish.
Market data shows that average 30-day trading volume for MSTR reached $4,198, with a 30-day historical volatility of 69%. This level of volatility reflects growing investor uncertainty, especially as Bitcoin prices have dropped below critical support levels.
Bitcoin Price Drops Below $90K as Investors React to Global Risk
Bitcoin’s decline to as low as $85,304 has weighed heavily on Strategy’s stock and mNAV. The price briefly recovered to $86,100 but remains well below the recent highs. The fall is partly attributed to rising global interest rate concerns.
Analysts are linking the market shift to expectations that the Bank of Japan may raise rates soon, a move that could affect liquidity in global markets. As Bitcoin dropped, Strategy’s large crypto holdings also came under pressure.
Strategy’s Bitcoin Exposure Raises Concerns Over Future Sales
With Bitcoin holdings now valued at $57.91 billion, Strategy remains one of the largest corporate holders of the digital asset. The company’s strategy of amplifying Bitcoin exposure through equity raises investor questions in volatile periods.
The company has an open offering program that allows it to sell up to $15.85 billion of its Class A common stock. A previous offering raised over $5.1 billion. Whether Strategy will sell Bitcoin or use stock issuance to adjust its position is now a topic of speculation.
There is no official statement from Executive Chairman Michael Saylor regarding any sale plans. However, the market is closely watching his moves amid rising volatility and falling asset values.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
