Last night's microstrategy sector in the US stock market was comparable to the 1011 market in the crypto space a few days ago.
Interestingly, Tom Lee stated yesterday that most microstrategy companies have seen their bubbles burst (implying except for his own BMNR).
Many companies' mNAV has already fallen below 1 (the value of the crypto held by the company is less than the company's market value), including this summer's version child, the Japanese microstrategy Metaplanet, which has also fallen below this ratio.
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