The mNAV Collapse: Why MicroStrategy's Bitcoin Engine Just Stalled
The plumbing just broke. While everyone was watching Bitcoin's price action,...
Magazine
•
IvyWhale
•
2026-07-04
#mnav
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Fear
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202615
04
halving
Bitcoin Halving
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30
04
upgrade
Celestia Mainnet Upgrade
Improves data availability sampling efficiency
28
03
unlock
Arbitrum Token Unlock
92 million ARB released
22
03
unlock
Optimism Unlock
Circulating supply increases by about 2%
10
05
upgrade
Ethereum Pectra Upgrade
Raises validator limit and account abstraction
08
04
upgrade
Solana Firedancer
Independent validator client goes live on mainnet
12
05
halving
BCH Halving
Block reward halving event
18
03
unlock
Sui Token Unlock
Team and early investor shares released
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All →
1
Bitcoin
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$63,128.9
1
Ethereum
ETH
$1,858.68
1
Solana
SOL
$73.15
1
BNB Chain
BNB
$585.9
1
XRP Ledger
XRP
$1.08
1
Dogecoin
DOGE
$0.0704
1
Cardano
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$0.1900
1
Avalanche
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1
Polkadot
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$0.7955
1
Chainlink
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$8.29
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