MSTR × halving-cycle — live
…
snapshot baked
BTC connecting…
MSTR connecting…
GBPUSD …
DVOL …
Projected — and how the projection has moved
BTC cycles (× halving close, log) — blue = this cycle · purple = blend path + per-cycle envelope · floors = external reference
MSTR $ — mNAV-basis projection band (0.68 / live / 1.05 × NAV) · thin dots = legacy β-path & week-ago view
Model path from today (mNAV basis, recomputed live)