MicroStrategy (MSTR) saw its stock dip below its net asset value (NAV) for the first time in about two years as Bitcoin (BTCUSD) continues its sharp downtrend, dropping below $95,000. This pushed MSTR’s market-to-NAV ratio to an alarming 0.977x, reflecting investor concerns about the company’s crypto exposure.

The drop below NAV for MicroStrategy is seen as a warning sign, indicating investor skepticism about the company’s ability to manage volatility and capitalize on Bitcoin’s potential. Despite this, executive chairman Michael Saylor remains optimistic, stating that the current Bitcoin selloff is temporary and expects BTC to hit $150,000 by year-end. Wall Street analysts also maintain a “Strong Buy” rating on MSTR, with a mean target of $542, indicating potential upside of 170%.

Read more at Barchart: MicroStrategy Falls Below Net Asset Value Amid Crypto Crash. Should You Buy the Dip in MSTR Stock?