🚨 MicroStrategy Market Cap Breaks Below Its Bitcoin Value
Bitcoin’s drop under $90K has triggered one of the most important moments in corporate crypto history:
📉 MicroStrategy ($MSTR) is now valued $10 BILLION less than the Bitcoin it owns.
Let that sink in.
• MSTR market cap: $45.7B • Bitcoin holdings (650,000 BTC): $55.9B → Wall Street is pricing the company as if its Bitcoin is worth LESS than zero. Even after subtracting its $8.2B debt, the company still has $46.8B NET in Bitcoin… which is $1.8B more than its whole market valuation. Yet the stock has crashed -57% since Oct 6. The premium that powered Saylor’s buying strategy has vanished. And for the first time in 5 years, management admitted they could sell BTC if forced.
This isn’t just about MicroStrategy This is a stress test for corporate Bitcoin adoption itself.
🔍 Key date to watch: January 15, 2026 If global index removal happens, JPMorgan sees $8.8B in forced selling.
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🚨 MicroStrategy Market Cap Breaks Below Its Bitcoin Value
Bitcoin’s drop under $90K has triggered one of the most important moments in corporate crypto history:
📉 MicroStrategy ($MSTR) is now valued $10 BILLION less than the Bitcoin it owns.
Let that sink in.
• MSTR market cap: $45.7B
• Bitcoin holdings (650,000 BTC): $55.9B
→ Wall Street is pricing the company as if its Bitcoin is worth LESS than zero.
Even after subtracting its $8.2B debt, the company still has $46.8B NET in Bitcoin… which is $1.8B more than its whole market valuation.
Yet the stock has crashed -57% since Oct 6.
The premium that powered Saylor’s buying strategy has vanished.
And for the first time in 5 years, management admitted they could sell BTC if forced.
This isn’t just about MicroStrategy
This is a stress test for corporate Bitcoin adoption itself.
🔍 Key date to watch: January 15, 2026
If global index removal happens, JPMorgan sees $8.8B in forced selling.