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Unchained · Thursday, July 9, 2026

MicroStrategy's MNAV Falls Below Par, Dividend Raised

MicroStrategy's Market-to-NAV (MNAV) fell below 1.0 for the first time on June 27th, although it has since recovered somewhat. Concurrently, the company raised its dividend by 50 basis points to 12%, an effort to improve its financial standing.

tickerMSTRcompanyMicroStrategy

The tape

2 quotes
Uh, Mnav fell below 1 for the first time on June 27th to 99 cents. It has since recovered some.
The dividend was raised 50 basis points to 12%. So certainly it is improved, it is not fully back to the $100 of par.
Heard on Unchained — “Why Strategy Dumped Its Biggest Bitcoin Tranche Yet, published Thursday, July 9, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
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