Are $MSTR and $XXI undervalued? | mNAV explained

A discussion and example of evaluating BTC companies by their multiple to net asset value (Bitcoin holdings) vs large tech stocks, and "Stable" companies in the s&p 500.mNAV spreedsheethttps://docs.google.com/spreadsheets/d/1QOW3J6D2Bi8rPpn_APUC93GmzqOmIwjxjQU033uXhss/edit?usp=sharingWhere I buy Bitcoin (Non-KYC options)https://bitcoinwell.com/referral/bitcoinnotcryptoNeed help on how to buy btc on Bitcoin well?https://youtu.be/-52aEY3LIFsBook a 1|1 Bitcoin Consulting call with mehttps://www.differentmedia.ca/15% Stampseed Titanium Seed plates (BEST WAY TO STORE BTC PRIVATE KEYS)https://www.stampseed.com/USE CODE : BTCNOTCRYPTO15Become a Member of the Channel, Get exclusive content, and livestream playbackhttps://www.youtube.com/channel/UC2aM2gVVEHTu0pfE1ZyA0BQ/joinBitbox Hardware wallet use code : BNC for 5% offhttps://bitbox.swiss/bitcoinnotcryptoFollow Rajat, Jor, and I's new show togetherhttps://www.youtube.com/@MapleBitcoinListen to this as a podcasthttps://podcasters.spotify.com/pod/show/bitcoinnotcryptoFund my Documentary Series "Bitcoin Fixes This"https://geyser.fund/project/bitcoinfixesthisFollow me on Nostrnpub1zqm9zant0rxf49wfgw8pt5h0j50cetfes6hwa73u7sxstlzcsz8qh6x9fsFollow on Twitter/Xhttps://x.com/forrestHODLDonate to the show [e-mail]1qnzxvnchtyqzk623rvnvnvvsjjsqt07y4xat6zslxzf8lcv8ku7uqf0qrraMovies I've madehttps://amzn.to/3FtVKmrhttps://amzn.to/3FtVKmrhttps://amzn.to/3FtkmM6https://amzn.to/3s43FE8Alternative Dwelling Documentarieshttps://youtube.com/playlist?list=PL8TC5LCUPfit4qO8aiIh_iHtC2xFWtIzA[00:15] MNAV (Multiple to Net Asset Value): Metric introduced for comparing Bitcoin treasury companies.[00:47] Net Asset Value Explained: Defining how a company's cash and assets are evaluated.[01:42] MSTR (MicroStrategy) Analysis: Examining market cap, Bitcoin holdings, and MNAV.[02:16] MARA Analysis: Discussing its Bitcoin mining business and MNAV.[03:28] Semilar (Semler Scientific/SMLR) Analysis: Looking at its other business (medical devices) and strategy.[04:25] CXXI (21 Capital) Introduction: Mentioning the new entrant in the space.[06:00] Comparison vs. Large-Cap Tech: Comparing Bitcoin treasury companies to Apple and Nvidia.[07:52] Comparison vs. S&P 500 Stable Co's: Comparing market caps with companies like Johnson & Johnson.[10:12] McDonald's Example: Used to illustrate potential overvaluation of traditional businesses.[11:38] Conclusion: Discussing the potential future for Bitcoin Treasury companies and Bitcoin acquisition.