Common equity mNAV premium
Awaiting mNAV
ATM signal OFFLINE. Premium ---.
Strategy
Strategy treasury posture
OFFLINESignal stack incomplete.
CLOSEDAwaiting pulse
Strategy command chart
MSTR versus BTC
Latest history window: Awaiting history window. No history yet.
Initializing Canvas...
Market context
MSTR spot
---
Latest history mark
BTC spot
---
BTC reference in mNAV history
Basic mNAV
---
Market cap / BTC NAV
Below-par lines
---
Avg discount ---
What changed last
Waiting for the latest Strategy treasury history row.
What matters for issuance
ATM signal is OFFLINE; current premium read is ---.
What the preferred stack says
Waiting for quoted preferred tracker coverage.
What to open next
Use BTC/share for the one-share and shares-per-BTC read, Premium for mNAV, Treasury for purchase history, and Capital for remaining issuance room.
Strategy checks
How much BTC is already on balance sheet?
Awaiting filing
--- per share; --- per BTC on the current selected denominator.
How much preferred stack is below par?
Awaiting quotes
Average discount ---. Average yield ---.
What is the current operating posture?
OFFLINE
Signal stack incomplete.
Operating posture
mNAV premium
---
Z-score
---
120D beta
---
30D corr
---
BTC yield YTD
---
Avg yield
---
Avg discount
---
Below par
0
Source status
Stream
INITIAL
Market
CLOSED
Coverage
1/4 active
Updated
Awaiting pulse
MSTR vs BTC
Which one is moving faster?
Raw price path for MSTR and BTC in the same window.
Initializing Canvas...
Premium
Common equity mNAV premium
mNAV versus the issue line.
Initializing Canvas...
Sustained premium is what keeps common issuance open.
Treasury
Strategy BTC holdings
Filed BTC holdings over time.
Initializing Canvas...
Latest history mark Awaiting history
Treasury base Awaiting treasury history
Operating modules
Core operating views
Four route handoffs from the synthesis layer
Module Offline
BTC Accretion (YTD)
--- BTC
Yield-to-NAV
---%
Accretion/100K
---