KuCoin (@kucoincom) “The #BitcoinTreasury narrative has reached a turning point: It’s no longer just” — TopicDigg

The #BitcoinTreasury# narrative has reached a turning point: It’s no longer just about tracking how much BTC a corporation holds—it’s about understanding the multiple of Net Asset Value (mNAV) and how financial engineering sustains the asset accumulation flywheel. The latest KuCoin blog covers: How Strategy’s mNAV plummeted to a steep 0.72x discount in June 2026, severely restricting its ability to issue new equity and buy more Bitcoin. Why STRC preferred stock trading below par exposes structural liquidity risks tied to massive fixed dividend obligations. Jiang Zhuoer’s predictive analysis using this mNAV contraction as a leading indicator for a potential $42K-$44K market bottom by late 2026. Knowledge is your best asset. Read the full analysis: