Sentiment Shifts on Strategy's Bitcoin Bid as Crypto Market Selloff Deepens

In brief

• Users of prediction market Myriad put a 36% chance on Bitcoin treasury firm Strategy selling some of its BTC holdings—up from 22% at the start of the week.
• The company’s multiple to net asset value (mNAV) currently sits at 1.08; if it falls below 1, Strategy may be forced to pause Bitcoin purchases.
• Analysts argued that Strategy’s “long-term accumulation thesis remains intact.”