Strategy's market valuation drops below its actual Bitcoin holdings value

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Strategy, the firm led by Michael Saylor, has seen its market valuation fall below the total value of its Bitcoin holdings. For years, the company had enjoyed a premium valuation above its crypto assets, which gave it significant flexibility to raise capital. Saylor and his team repeatedly leveraged this premium to accumulate more Bitcoin. The collapse of this valuation premium marks a notable shift in how investors now perceive the firm's worth relative to its holdings.

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