---
title: "\"The leading Bitcoin concept stock\" MSTR has already plummeted"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/266277196.md"
description: "As the leader of the \"coin hoarding\" model, MSTR's market value has fallen below the value of its held Bitcoin, which means the key indicator mNAV (net asset value) has dropped to a negative value, shaking the value of the \"coin hoarding strategy.\""
datetime: "2025-11-18T00:35:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/266277196.md)
  - [en](https://longbridge.com/en/news/266277196.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266277196.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/266277196.md) | [繁體中文](https://longbridge.com/zh-HK/news/266277196.md)


# "The leading Bitcoin concept stock" MSTR has already plummeted

As the leader of the "HODL" model, MSTR's market value has fallen below the value of its held Bitcoin, which means the key indicator mNAV (net asset value) has dropped to a negative value, shaking the value of the "HODL strategy."

### 相关股票

- [Franklin Bitcoin ETF (EZBC.US)](https://longbridge.com/zh-CN/quote/EZBC.US.md)
- [American Bitcoin (ABTC.US)](https://longbridge.com/zh-CN/quote/ABTC.US.md)
- [Hashdex Bitcoin Futures ETF (DEFI.US)](https://longbridge.com/zh-CN/quote/DEFI.US.md)
- [CoinShares Bitcoin ETF (BRRR.US)](https://longbridge.com/zh-CN/quote/BRRR.US.md)
- [Grayscale Bitcoin Trust BTC - ETF (GBTC.US)](https://longbridge.com/zh-CN/quote/GBTC.US.md)
- [BTC/HKD (BTCHKD.VAHK)](https://longbridge.com/zh-CN/quote/BTCHKD.VAHK.md)
- [BTC/USD (BTCUSD.VAHK)](https://longbridge.com/zh-CN/quote/BTCUSD.VAHK.md)

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