Bitcoin News Today: Strategy Surges 70% Premium on Strong BTC Holdings and Yield Growth

The market net asset value (mNAV) of Strategy, a major player in the Bitcoin treasury sector, has surged to 1.7 times its Bitcoin net asset value (NAV), reflecting a 70% premium on the actual value of its holdings [1]. This significant premium highlights the growing investor appetite for companies with large Bitcoin reserves and underscores strong public sentiment and trust in Strategy’s BTC strategy [2]. Investors are not only betting on Bitcoin’s price appreciation but also on Strategy’s long-term accumulation approach, capital management, and regulatory positioning [3].

The 70% premium suggests that the market is anticipating future Bitcoin price increases, with investors willing to pay more now for exposure to a company that is expected to benefit from the long-term value of its Bitcoin holdings. This dynamic is particularly relevant in jurisdictions where direct Bitcoin purchases are complex or subject to high taxes, making investment in firms like Strategy a more accessible option [4]. The resulting supply and demand imbalance is likely contributing to the elevated premium.

The current valuation environment reflects broader trends in the crypto market, where Bitcoin treasury firms with large, liquid holdings are gaining traction as investment vehicles [5]. These companies are leveraging a self-reinforcing capital formation model, in which raising equity and reinvesting in Bitcoin allows them to sustain or even expand valuation multiples [6]. In the second quarter of 2025, Strategy reported strong earnings driven by Bitcoin gains, with its yield guidance rising to 30%, further reinforcing investor confidence in its business model [7].

Analysts are also showing optimism. Brett Knoblauch, for instance, has rated another Bitcoin treasury firm, SMLR, as Overweight, with a price target implying a potential 70% return over 12 months [8]. This forecast highlights the broader market conviction in the sector, particularly for companies with proven execution and substantial asset bases. However, not all Bitcoin treasury firms are in the same position. Industry commentary notes that maintaining high valuation multiples requires ongoing growth in Bitcoin holdings and the ability to execute capital-raising strategies effectively [9]. Firms that cannot match the scale and performance of leaders like Strategy may see their valuations compress, especially in a bear market [10].

The premium environment suggests a strong demand for Bitcoin exposure through diversified and liquid investment vehicles. With Strategy trading at a 70% premium, the market is clearly signaling its preference for firms that can deliver consistent returns and long-term growth through strategic Bitcoin treasury management [11].

[1] title: How Treasury Companies Are Fueling The Crypto Run, url: https://finance.yahoo.com/news/100-billion-bitcoin-bet-treasury-180110015.html

[2] title: Strategy Stock: Q2, Bitcoin Yield Bonanza (NASDAQ:MSTR), url: https://seekingalpha.com/article/4807479-strategy-q2-bitcoin-yield-bonanza

[3] title: The Evolution of Digital Asset Treasury Firms and Their Impact, url: https://investorshangout.com/the-evolution-of-digital-asset-treasury-firms-and-their-impact-347191-/

[4] title: Weak Bitcoin Treasury Companies Will Be Crushed By..., url: https://www.mitrade.com/insights/news/live-news/article-3-1002916-20250801

[5] title: Weak Bitcoin Treasury Companies Won't Survive The Bear..., url: https://www.newsbtc.com/bitcoin-news/weak-bitcoin-treasury-companies-bear-market/

[6] title: MSTR and SMLR: Brett Knoblauch Picks the Best Bitcoin..., url: https://www.theglobeandmail.com/investing/markets/stocks/MSTR/pressreleases/33808422/mstr-and-smlr-brett-knoblauch-picks-the-best-bitcoin-treasury-stocks-to-buy/