Strategy creates and updates 10+ new metrics after its older metrics no longer meet its goals and narratives

This analysis is based on Strategy's "New & Updated Metrics" presentation released on July 23, 2026. I've also deciphered a lot of the background financial terminology that was left out of the slides. TL;DR: MicroStrategy keeps changing its metrics to fit new narratives: In summary, a lot of MicroStrategy/Strategy's misleading older metrics for mNAV and BPS were no longer looking positive after diluting/selling MSTR to increase cash reserves or execute STRC buybacks. So they've nee

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