NAV Premium vs BTC Price

This chart visualizes the relationship between Bitcoin's price and MSTR's NAV Premium (the ratio of MSTR's market value to its Bitcoin holdings value). Each blue dot represents a daily closing value, while the lines show different regression analyses:

1. The curved line shows a second-order regression, capturing the non-linear relationship between BTC price and NAV premium
2. The straight line represents a linear regression for BTC prices above $40,000, showing the trend at higher prices
3. The red line indicates the current NAV premium level

Use the slider to explore potential MSTR valuations at higher Bitcoin prices based on historical premium patterns. The chart suggests that MSTR's premium tends to expand as Bitcoin's price increases, though with significant daily variation.