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pspspspsps jingle jingle c'mere treebark fans
i might be a little crazy (this took about 2 hours)

Anya is live and ready to show you everything. Watch her strip, dance, and perform exclusive shows just for you. Interact in real-time and make your fantasies come true.
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PICASSO EN URUGUAY
MNAV
El zorzal criollo
Salve, Viglietti.
MOODBOARD Museo Nacional de Artes Visuales

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Strategy’s stock premium drops below 1x as Bitcoin downturn erases billions in value
➤ Strategy Inc.'s stock premium has collapsed below 1x its net asset value (mNAV) due to a significant Bitcoin downturn, erasing billions in value and impacting its corporate identity. ➤ The company, once a 'premium darling' for its leveraged Bitcoin exposure, now faces over $10 billion in unrealized losses and has pivoted to alternative capital strategies, including potential Bitcoin buybacks or sales. ➤ With the emergence of Spot Bitcoin ETFs offering direct exposure, Strategy's value proposition as a leveraged Bitcoin vehicle is now uncertain, especially given its corporate debt and preferred stock obligations.
Strategy Authorizes $1.25Bn BTC Sale in New Monetization Plan
➤ Strategy (MSTR) has authorized the sale of up to $1.25 billion in Bitcoin as part of a new monetization program, signaling a shift from its previous accumulation strategy. ➤ This move comes as the company's mNAV (market value of Bitcoin vs. enterprise value) has fallen below 1.0 for the first time, impacting its ability to issue new shares for Bitcoin accretion. ➤ The proceeds will be used to cover corporate obligations like preferred stock dividends and interest payments, with critics like Peter Schiff viewing this as a surrender by the company's Bitcoin holdings.
Digital-Asset Treasury Companies Continue to Accumulate Crypto. But Are Any of Them Worth Buying?
➤ Digital-asset treasury companies like MicroStrategy and Bitmine are accumulating cryptocurrencies despite recent declines in their holdings' value. ➤ The article questions the investment viability of these companies, highlighting that their stock prices often trade below the net asset value (mNAV) of their crypto holdings, indicating a premium is lost. ➤ It suggests that direct investment in cryptocurrencies or crypto ETFs is generally a better strategy due to lower overhead, reduced risk, and better transparency compared to investing in these treasury companies.