最新报道:MicroStrategy's stock price increasingly diverges from its Bitcoin-backed NAV, with a market cap of $90-96.87B as of September 2025 despite its $70.6B Bitcoin holdings. The company's recent equity dilution policy shift triggered a 89.81% stock plunge in August 2025, reducing its mNAV premium to 1.58x. While its balance sheet remains liquid, regulatory risks and EPS dilution concerns challenge its leveraged Bitcoin strategy.