Cryp2Nova

Bitcoin Treasuries Strategy Mstr Premium Discount to NAV

Bitcoin

Strategy's (MSTR) premium or discount to NAV — the gap between the company's market capitalization and the market value of the Bitcoin it holds.

Why it matters

It measures the speculative appetite for Bitcoin exposure wrapped in equity — not the value of the asset itself.

How it is built

Market capitalization is compared to NAV (holdings times price); the ratio's deviation from parity is the premium or discount.

What to watch

At a premium, a company can issue shares and buy more BTC accretively — the flywheel that powers the model. At a discount the flywheel breaks: the stock becomes a cheaper claim on the coins than the coins themselves, pressuring the strategy toward dilution stops, buybacks or sales. As the model's benchmark, MSTR's premium sets the tone for every other treasury company.

Measured on this chain

Bitcoin Treasuries Strategy Mstr Premium Discount to NAV on Bitcoin last read 0.799 on Sep 4, 2026, a change of +14.03% over 30 days, ranging from 0.5675 (Jun 27, 2026) to 3.14 (Nov 20, 2024).

Latest reading
0.799
Sep 4, 2026
Change
1d -6.21%
30d +14.03%
90d -2.7%
1y -38.84%
Range
Low 0.5675·Jun 27, 2026
High 3.14·Nov 20, 2024
Coverage
Jun 27, 2024 — Sep 4, 2026
800 readings
Recent readings
DateValue
Aug 24, 20260.7213
Aug 25, 20260.7351
Aug 26, 20260.7172
Aug 27, 20260.7946
Aug 28, 20260.7479
Aug 29, 20260.7479
Aug 30, 20260.7439
Aug 31, 20260.7794
Sep 1, 20260.7229
Sep 2, 20260.7236
Sep 3, 20260.8519
Sep 4, 20260.799

Read from our own stored series, not quoted from a page.

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