{"id":7901,"date":"2026-06-28T00:02:35","date_gmt":"2026-06-28T00:02:35","guid":{"rendered":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/"},"modified":"2026-06-28T00:02:35","modified_gmt":"2026-06-28T00:02:35","slug":"le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc","status":"publish","type":"post","link":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/","title":{"rendered":"Le pari Bitcoin se retourne-t-il ? La valorisation de MSTR tombe en dessous de ses avoirs en BTC."},"content":{"rendered":"<p><em><strong>La valeur de march\u00e9 de MSTR chute \u00e0 pr\u00e8s de 29,5 milliards de dollars alors que les avoirs en Bitcoin de Strategy restent \u00e9valu\u00e9s \u00e0 environ 51 milliards de dollars, dans un contexte de pr\u00e9occupations li\u00e9es \u00e0 la dilution.<\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400\">L&rsquo;action de Strategy a subi des pressions alors que sa valeur de march\u00e9 tombe en dessous de la valeur d\u00e9clar\u00e9e de ses avoirs en Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Les donn\u00e9es de march\u00e9 montraient MSTR avec une <\/span><a href=\"https:\/\/www.livebitcoinnews.com\/spot-bitcoin-etfs-extend-losing-streak-after-2-4b-may-exodus\/\"><span style=\"font-weight: 400\">capitalisation boursi\u00e8re<\/span><\/a><span style=\"font-weight: 400\"> proche de 29,5 milliards de dollars, tandis que sa position en Bitcoin \u00e9tait valoris\u00e9e au-dessus de 50 milliards de dollars.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Cet \u00e9cart a attir\u00e9 l&rsquo;attention sur le mod\u00e8le de tr\u00e9sorerie Bitcoin de Strategy et son utilisation de l&rsquo;\u00e9mission d&rsquo;actions pour acheter davantage de BTC.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Les investisseurs se demandent d\u00e9sormais si l&rsquo;action fonctionne encore comme un trade Bitcoin \u00e0 effet de levier pendant une phase de march\u00e9 plus faible.<\/span><\/p>\n<h2><b>MSTR se n\u00e9gocie en dessous de ses avoirs en Bitcoin<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Strategy, anciennement connue sous le nom de MicroStrategy, reste le plus grand <\/span><a href=\"https:\/\/www.livebitcoinnews.com\/analyst-warns-bitcoin-could-drop-another-20-25-heres-the-outlook\/\"><span style=\"font-weight: 400\">d\u00e9tenteur corporatif de Bitcoin<\/span><\/a><span style=\"font-weight: 400\"> au monde.<\/span><\/p>\n<p><span style=\"font-weight: 400\">L&rsquo;entreprise a construit son identit\u00e9 commerciale autour de l&rsquo;achat et de la d\u00e9tention de BTC. Ses derniers avoirs d\u00e9clar\u00e9s s&rsquo;\u00e9levaient \u00e0 847 363 Bitcoin apr\u00e8s un autre petit achat en juin.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Strategy holds over $51,000,000,000,000 <a href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>.<\/p>\n<p>But the company itself is now valued at just $29.5 billion.<\/p>\n<p>For years, investors treated <a href=\"https:\/\/x.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> like a leveraged Bitcoin ETF.<\/p>\n<p>The model was simple:<\/p>\n<p>Issue more shares \u2192 Buy more Bitcoin \u2192 BTC goes higher \u2192 Investors keep paying a\u2026<\/p>\n<p>&mdash; Ted (@TedPillows) <a href=\"https:\/\/x.com\/TedPillows\/status\/2070856646679498898?ref_src=twsrc%5Etfw\">June 27, 2026<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Aux prix r\u00e9cents du Bitcoin, ces avoirs \u00e9taient valoris\u00e9s \u00e0 pr\u00e8s de 51 milliards de dollars. Cependant, la capitalisation boursi\u00e8re de Strategy est tomb\u00e9e bien en dessous de ce niveau lors de la derni\u00e8re baisse de l&rsquo;action.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Cela a cr\u00e9\u00e9 un \u00e9cart important entre la valeur de l&rsquo;action de l&rsquo;entreprise et sa <\/span><a href=\"https:\/\/www.ledger.com\/academy\/topics\/crypto\/what-is-a-bitcoin-reserve\"><span style=\"font-weight: 400\">r\u00e9serve de Bitcoin<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Les analystes de march\u00e9 ont d\u00e9crit l&rsquo;action comme se n\u00e9gociant avec une forte d\u00e9cote par rapport \u00e0 son Bitcoin sous-jacent.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Certains traders ont li\u00e9 ce mouvement \u00e0 la crainte concernant la structure du capital de Strategy. N\u00e9anmoins, le march\u00e9 tient \u00e9galement compte de la dette, des actions privil\u00e9gi\u00e9es et du risque de dilution future.<\/span><\/p>\n<h2><b>Les pr\u00e9occupations li\u00e9es \u00e0 la dilution p\u00e8sent sur les actions de Strategy<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Pendant des ann\u00e9es, de nombreux investisseurs ont trait\u00e9 MSTR comme un produit Bitcoin \u00e0 effet de levier. L&rsquo;entreprise \u00e9mettait des actions et d&rsquo;autres titres, puis utilisait le produit pour acheter plus de Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ce mod\u00e8le fonctionnait mieux lorsque le BTC augmentait et que les investisseurs payaient une prime pour l&rsquo;exposition.<\/span><\/p>\n<p><span style=\"font-weight: 400\">La configuration est devenue plus difficile car la faiblesse du Bitcoin p\u00e8se sur la confiance du march\u00e9. Les investisseurs ne valorisent plus seulement la taille de la <\/span><a href=\"https:\/\/www.livebitcoinnews.com\/bitcoins-next-major-bottom-could-arrive-in-late-2026-analyst-says\/\"><span style=\"font-weight: 400\">r\u00e9serve de Bitcoin<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ils surveillent \u00e9galement comment les nouvelles \u00e9missions d&rsquo;actions affectent les d\u00e9tenteurs existants. La dilution est devenue une pr\u00e9occupation centrale dans le d\u00e9bat r\u00e9cent.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Lorsqu&rsquo;une entreprise vend plus d&rsquo;actions, chaque action existante peut repr\u00e9senter une part de propri\u00e9t\u00e9 plus petite. En cons\u00e9quence, les investisseurs peuvent exiger une valorisation plus faible avant d&rsquo;acheter \u00e0 nouveau l&rsquo;action.<\/span><\/p>\n<p><em><strong>Lire aussi :<\/strong><\/em><\/p>\n<p>https:\/\/www.livebitcoinnews.com\/bitcoin-holds-65-8k-as-mara-bets-66-7m-on-rebound\/<\/p>\n<h2><b>La baisse du mNAV alimente le d\u00e9bat de march\u00e9<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Le mNAV de Strategy est \u00e9galement devenu un point d&rsquo;attention apr\u00e8s \u00eatre tomb\u00e9 en dessous de 1, selon Micha\u00ebl van de Poppe.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Cette mesure compare la valeur de march\u00e9 de l&rsquo;entreprise avec la valeur de ses <\/span><a href=\"https:\/\/www.livebitcoinnews.com\/bitcoin-bull-case-strengthens-for-2026-but-analysts-say-ai-tokens-like-ozak-ai-may-deliver-higher-roi\/\"><span style=\"font-weight: 400\">avoirs en Bitcoin<\/span><\/a><span style=\"font-weight: 400\">. Une lecture inf\u00e9rieure \u00e0 1 sugg\u00e8re que l&rsquo;action se n\u00e9gocie en dessous de la valeur de son actif Bitcoin.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/x.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> its current market capitalization is $29 billion.<br \/>The <a href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> they are holding: $51 billion.<\/p>\n<p>That&#39;s a discount of 43% of the stock compared to the underlying collateral.<\/p>\n<p>An absolute steal of a price. <\/p>\n<p>The sole reason that the markets are currently underpricing the\u2026 <a href=\"https:\/\/t.co\/tr48AJGyzy\">pic.twitter.com\/tr48AJGyzy<\/a><\/p>\n<p>&mdash; Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/x.com\/CryptoMichNL\/status\/2070883852470628387?ref_src=twsrc%5Etfw\">June 27, 2026<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Les traders ont not\u00e9 qu&rsquo;une d\u00e9cote similaire \u00e9tait apparue lors de la p\u00e9riode de creux du quatri\u00e8me trimestre 2022.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Cependant, le comportement pass\u00e9 du march\u00e9 ne garantit pas le m\u00eame r\u00e9sultat aujourd&rsquo;hui. Les conditions actuelles comprennent une structure de capital plus importante et des outils de financement plus complexes.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Le prochain point d&rsquo;attention est la capacit\u00e9 de Strategy \u00e0 g\u00e9rer la confiance des investisseurs tout en maintenant sa strat\u00e9gie Bitcoin intacte.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Une date de r\u00e9f\u00e9rence au 30 juin a \u00e9galement attir\u00e9 l&rsquo;attention de certains traders surveillant le positionnement \u00e0 court terme.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Pour l&rsquo;instant, <\/span><a href=\"https:\/\/www.strategy.com\/\"><span style=\"font-weight: 400\">MSTR <\/span><\/a><span style=\"font-weight: 400\">reste \u00e9troitement li\u00e9 \u00e0 l&rsquo;\u00e9volution du prix du Bitcoin et aux pr\u00e9occupations des actionnaires.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>La valeur de march\u00e9 de MSTR chute \u00e0 pr\u00e8s de 29,5 milliards de dollars alors que les avoirs en Bitcoin de Strategy restent \u00e9valu\u00e9s \u00e0 environ 51 milliards de dollars, dans un contexte de pr\u00e9occupations li\u00e9es \u00e0 la dilution. L&rsquo;action de Strategy a subi des pressions alors que sa valeur de march\u00e9 tombe en dessous [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":7900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-7901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Le pari Bitcoin se retourne-t-il ? La valorisation de MSTR tombe en dessous de ses avoirs en BTC. - France Live Bitcoin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Le pari Bitcoin se retourne-t-il ? La valorisation de MSTR tombe en dessous de ses avoirs en BTC. - France Live Bitcoin News\" \/>\n<meta property=\"og:description\" content=\"La valeur de march\u00e9 de MSTR chute \u00e0 pr\u00e8s de 29,5 milliards de dollars alors que les avoirs en Bitcoin de Strategy restent \u00e9valu\u00e9s \u00e0 environ 51 milliards de dollars, dans un contexte de pr\u00e9occupations li\u00e9es \u00e0 la dilution. L&rsquo;action de Strategy a subi des pressions alors que sa valeur de march\u00e9 tombe en dessous [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/\" \/>\n<meta property=\"og:site_name\" content=\"France Live Bitcoin News\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-28T00:02:35+00:00\" \/>\n<meta name=\"author\" content=\"frenchlbn\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"frenchlbn\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/2026\\\/06\\\/28\\\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/2026\\\/06\\\/28\\\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\\\/\"},\"author\":{\"name\":\"frenchlbn\",\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/#\\\/schema\\\/person\\\/cf8f1f85189588768e507a2eb234cba8\"},\"headline\":\"Le pari Bitcoin se retourne-t-il ? La valorisation de MSTR tombe en dessous de ses avoirs en BTC.\",\"datePublished\":\"2026-06-28T00:02:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/2026\\\/06\\\/28\\\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\\\/\"},\"wordCount\":735,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/2026\\\/06\\\/28\\\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2026\\\/06\\\/Michael_Saylors_MicroStrategy_Purchased_18_3K_More_Bitcoins_for-1.png\",\"articleSection\":[\"Market News\"],\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/2026\\\/06\\\/28\\\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/2026\\\/06\\\/28\\\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\\\/\",\"url\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/2026\\\/06\\\/28\\\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\\\/\",\"name\":\"Le pari Bitcoin se retourne-t-il ? La valorisation de MSTR tombe en dessous de ses avoirs en BTC. - France Live Bitcoin News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/2026\\\/06\\\/28\\\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/2026\\\/06\\\/28\\\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2026\\\/06\\\/Michael_Saylors_MicroStrategy_Purchased_18_3K_More_Bitcoins_for-1.png\",\"datePublished\":\"2026-06-28T00:02:35+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/#\\\/schema\\\/person\\\/cf8f1f85189588768e507a2eb234cba8\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/2026\\\/06\\\/28\\\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\\\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/2026\\\/06\\\/28\\\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/2026\\\/06\\\/28\\\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\\\/#primaryimage\",\"url\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2026\\\/06\\\/Michael_Saylors_MicroStrategy_Purchased_18_3K_More_Bitcoins_for-1.png\",\"contentUrl\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2026\\\/06\\\/Michael_Saylors_MicroStrategy_Purchased_18_3K_More_Bitcoins_for-1.png\",\"width\":1472,\"height\":816},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/2026\\\/06\\\/28\\\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Le pari Bitcoin se retourne-t-il ? La valorisation de MSTR tombe en dessous de ses avoirs en BTC.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/#website\",\"url\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/\",\"name\":\"France Live Bitcoin News\",\"description\":\"Live Bitcoin News est la source d&#039;informations les plus r\u00e9centes sur Ethereum, XRP, DeFi, Web 3.0, les tendances crypto, l&#039;analyse de march\u00e9, la blockchain et les actualit\u00e9s financi\u00e8res mondiales, 24 heures sur 24 et 7 jours sur 7.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/#\\\/schema\\\/person\\\/cf8f1f85189588768e507a2eb234cba8\",\"name\":\"frenchlbn\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5aab91d9763557995200945b725c0540d609d4ae23c1588dd2fc1aa80a096cde?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5aab91d9763557995200945b725c0540d609d4ae23c1588dd2fc1aa80a096cde?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5aab91d9763557995200945b725c0540d609d4ae23c1588dd2fc1aa80a096cde?s=96&d=mm&r=g\",\"caption\":\"frenchlbn\"},\"url\":\"https:\\\/\\\/global.livebitcoinnews.com\\\/fr\\\/author\\\/frenchlbn\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Le pari Bitcoin se retourne-t-il ? La valorisation de MSTR tombe en dessous de ses avoirs en BTC. - France Live Bitcoin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/","og_locale":"fr_FR","og_type":"article","og_title":"Le pari Bitcoin se retourne-t-il ? La valorisation de MSTR tombe en dessous de ses avoirs en BTC. - France Live Bitcoin News","og_description":"La valeur de march\u00e9 de MSTR chute \u00e0 pr\u00e8s de 29,5 milliards de dollars alors que les avoirs en Bitcoin de Strategy restent \u00e9valu\u00e9s \u00e0 environ 51 milliards de dollars, dans un contexte de pr\u00e9occupations li\u00e9es \u00e0 la dilution. L&rsquo;action de Strategy a subi des pressions alors que sa valeur de march\u00e9 tombe en dessous [&hellip;]","og_url":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/","og_site_name":"France Live Bitcoin News","article_published_time":"2026-06-28T00:02:35+00:00","author":"frenchlbn","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"frenchlbn","Dur\u00e9e de lecture estim\u00e9e":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/#article","isPartOf":{"@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/"},"author":{"name":"frenchlbn","@id":"https:\/\/global.livebitcoinnews.com\/fr\/#\/schema\/person\/cf8f1f85189588768e507a2eb234cba8"},"headline":"Le pari Bitcoin se retourne-t-il ? La valorisation de MSTR tombe en dessous de ses avoirs en BTC.","datePublished":"2026-06-28T00:02:35+00:00","mainEntityOfPage":{"@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/"},"wordCount":735,"commentCount":0,"image":{"@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/#primaryimage"},"thumbnailUrl":"https:\/\/global.livebitcoinnews.com\/fr\/wp-content\/uploads\/sites\/4\/2026\/06\/Michael_Saylors_MicroStrategy_Purchased_18_3K_More_Bitcoins_for-1.png","articleSection":["Market News"],"inLanguage":"fr-FR","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/","url":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/","name":"Le pari Bitcoin se retourne-t-il ? La valorisation de MSTR tombe en dessous de ses avoirs en BTC. - France Live Bitcoin News","isPartOf":{"@id":"https:\/\/global.livebitcoinnews.com\/fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/#primaryimage"},"image":{"@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/#primaryimage"},"thumbnailUrl":"https:\/\/global.livebitcoinnews.com\/fr\/wp-content\/uploads\/sites\/4\/2026\/06\/Michael_Saylors_MicroStrategy_Purchased_18_3K_More_Bitcoins_for-1.png","datePublished":"2026-06-28T00:02:35+00:00","author":{"@id":"https:\/\/global.livebitcoinnews.com\/fr\/#\/schema\/person\/cf8f1f85189588768e507a2eb234cba8"},"breadcrumb":{"@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/#primaryimage","url":"https:\/\/global.livebitcoinnews.com\/fr\/wp-content\/uploads\/sites\/4\/2026\/06\/Michael_Saylors_MicroStrategy_Purchased_18_3K_More_Bitcoins_for-1.png","contentUrl":"https:\/\/global.livebitcoinnews.com\/fr\/wp-content\/uploads\/sites\/4\/2026\/06\/Michael_Saylors_MicroStrategy_Purchased_18_3K_More_Bitcoins_for-1.png","width":1472,"height":816},{"@type":"BreadcrumbList","@id":"https:\/\/global.livebitcoinnews.com\/fr\/2026\/06\/28\/le-pari-bitcoin-se-retourne-t-il-la-valorisation-de-mstr-tombe-en-dessous-de-ses-avoirs-en-btc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/global.livebitcoinnews.com\/fr\/"},{"@type":"ListItem","position":2,"name":"Le pari Bitcoin se retourne-t-il ? La valorisation de MSTR tombe en dessous de ses avoirs en BTC."}]},{"@type":"WebSite","@id":"https:\/\/global.livebitcoinnews.com\/fr\/#website","url":"https:\/\/global.livebitcoinnews.com\/fr\/","name":"France Live Bitcoin News","description":"Live Bitcoin News est la source d&#039;informations les plus r\u00e9centes sur Ethereum, XRP, DeFi, Web 3.0, les tendances crypto, l&#039;analyse de march\u00e9, la blockchain et les actualit\u00e9s financi\u00e8res mondiales, 24 heures sur 24 et 7 jours sur 7.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/global.livebitcoinnews.com\/fr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Person","@id":"https:\/\/global.livebitcoinnews.com\/fr\/#\/schema\/person\/cf8f1f85189588768e507a2eb234cba8","name":"frenchlbn","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/secure.gravatar.com\/avatar\/5aab91d9763557995200945b725c0540d609d4ae23c1588dd2fc1aa80a096cde?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/5aab91d9763557995200945b725c0540d609d4ae23c1588dd2fc1aa80a096cde?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5aab91d9763557995200945b725c0540d609d4ae23c1588dd2fc1aa80a096cde?s=96&d=mm&r=g","caption":"frenchlbn"},"url":"https:\/\/global.livebitcoinnews.com\/fr\/author\/frenchlbn\/"}]}},"_links":{"self":[{"href":"https:\/\/global.livebitcoinnews.com\/fr\/wp-json\/wp\/v2\/posts\/7901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/global.livebitcoinnews.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/global.livebitcoinnews.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/global.livebitcoinnews.com\/fr\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/global.livebitcoinnews.com\/fr\/wp-json\/wp\/v2\/comments?post=7901"}],"version-history":[{"count":0,"href":"https:\/\/global.livebitcoinnews.com\/fr\/wp-json\/wp\/v2\/posts\/7901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/global.livebitcoinnews.com\/fr\/wp-json\/wp\/v2\/media\/7900"}],"wp:attachment":[{"href":"https:\/\/global.livebitcoinnews.com\/fr\/wp-json\/wp\/v2\/media?parent=7901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/global.livebitcoinnews.com\/fr\/wp-json\/wp\/v2\/categories?post=7901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/global.livebitcoinnews.com\/fr\/wp-json\/wp\/v2\/tags?post=7901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}