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![Adrian_R_Morris Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::99328846.png) Adrian Morris [@Adrian_R_Morris](/creator/twitter/Adrian_R_Morris) on x 27.8K followers
Created: 2025-07-24 17:15:41 UTC

There are far more people selling than Saylor, come on. Here's another way to frame it: mNAV is not a direct reaction to the mechanical selling of the ATM. It is a reaction to the market's perception that, given the current environment and perhaps even their execution, a higher premium is not warranted. 

The ATM is one data point in a complex, ongoing assessment. It's not about a single force suppressing another; it's about the market's holistic judgment of a complex, reflexive strategy in motion.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948431909341757939/c:line.svg)

**Related Topics**
[atm](/topic/atm)

[Post Link](https://x.com/Adrian_R_Morris/status/1948431909341757939)

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

Adrian_R_Morris Avatar Adrian Morris @Adrian_R_Morris on x 27.8K followers Created: 2025-07-24 17:15:41 UTC

There are far more people selling than Saylor, come on. Here's another way to frame it: mNAV is not a direct reaction to the mechanical selling of the ATM. It is a reaction to the market's perception that, given the current environment and perhaps even their execution, a higher premium is not warranted.

The ATM is one data point in a complex, ongoing assessment. It's not about a single force suppressing another; it's about the market's holistic judgment of a complex, reflexive strategy in motion.

XXX engagements

Engagements Line Chart

Related Topics atm

Post Link

post/tweet::1948431909341757939
/post/tweet::1948431909341757939