[CryptoQuant CEO: Selling Bitcoin When mNAV Is Below 1 May Be Detrimental to MSTR] CryptoQuant founder and CEO Ki Young Ju stated that it is not a wise move for Strategy to sell Bitcoin when mNAV (the ratio of company value to the value of its Bitcoin holdings) is below 1. Although it may benefit MSTR shareholders in the short term, it could ultimately harm the interests of both Bitcoin and MSTR, creating a death spiral. Strategy's CEO previously mentioned that Bitcoin would only be sold if mNAV falls below 1 and financing becomes impossible.