Bitcoin’s (BTC) latest drawdown has pushed the asset to its lowest price since May 2025, and Strategy’s MSTR stock is also feeling the pressure. Stock prices slipped to $197 at pre-market for the first time since October 2024, extending its woes.
Key takeaways:
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Strategy’s $5.77 billion Bitcoin move is likely a custodial relocation.
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MSTR’s Net Asset Value (NAV) multiple drops below one for the first time, increasing investors’ concern about the company.
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One Bitcoin analyst said forced liquidation for Strategy remains unlikely despite market stress.
Wallet move sparks panic after a $5.7 billion Bitcoin transfer
Market anxiety surged on Friday after Strategy shifted 58,915 BTC ($5.77 billion) into new wallets, immediately triggering…