Strategy’s NAV falls under 1, critics raise alarm after $5.7B Bitcoin wallet move

The recent move by Strategy to transfer $5.7 billion in Bitcoin coincides with a significant drop in its net asset value (NAV) for Bitcoin holdings, which has fallen below one for the first time. This situation has sparked alarm among critics regarding the valuation of such assets. Additionally, a report indicates that corporate Bitcoin treasuries have surpassed $444 billion, highlighting a growing trend in digital credit instruments. The interplay between Strategy's NAV decline and the broader market dynamics reflects ongoing speculation and concern within the cryptocurrency sector.