{"id":35309,"date":"2026-07-02T02:15:19","date_gmt":"2026-07-01T17:15:19","guid":{"rendered":"https:\/\/99bitcoins.com\/kr\/?p=35309"},"modified":"2026-07-02T02:15:19","modified_gmt":"2026-07-01T17:15:19","slug":"microstrategy-mstr-bitcoin-sale-disclosure-mnav-analysis","status":"publish","type":"post","link":"https:\/\/99bitcoins.com\/kr\/news\/bitcoin\/microstrategy-mstr-bitcoin-sale-disclosure-mnav-analysis\/","title":{"rendered":"\uc2a4\ud2b8\ub798\ud2f0\uc9c0\uc758 \ubcc0\uc2ec&#8230; \ube44\ud2b8\ucf54\uc778 12.5\uc5b5 \ub2ec\ub7ec\uce58 \ub9e4\uac01 \uac00\ub2a5\uc131"},"content":{"rendered":"<p>\ub9c8\uc774\ud074 \uc138\uc77c\ub7ec\uac00 \uc774\ub044\ub294 \ube44\ud2b8\ucf54\uc778 \ubcf4\uc720 \uae30\uc5c5 \uc2a4\ud2b8\ub798\ud2f0\uc9c0(MSTR)\uac00 6\uc6d4 29\uc77c SEC \uacf5\uc2dc\ub97c \ud1b5\ud574 \ucd5c\ub300 12\uc5b5 5,000\ub9cc \ub2ec\ub7ec \uc0c1\ub2f9\uc758 \ube44\ud2b8\ucf54\uc778\uc744 \ub9e4\uac01\ud560 \uc218 \uc788\ub2e4\uace0 \ubc1d\ud614\ub2e4. \uc774\ub294 \uadf8\ub3d9\uc548 \ud68c\uc0ac\uac00 \uace0\uc218\ud574 \uc628 &#8216;\ub9f9\ubaa9\uc801 \ucd95\uc801&#8217; \ubaa8\ub378\uc5d0\uc11c \ubc97\uc5b4\ub098 \ub2a5\ub3d9\uc801\uc778 \uc7ac\ubb34\uc81c\ud45c \uad00\ub9ac\ub85c \uc120\ud68c\ud558\uace0 \uc788\ub2e4\ub294 \uac00\uc7a5 \uba85\ud655\ud55c \uc2e0\ud638\ub85c \ud480\uc774\ub41c\ub2e4.<\/p>\r\n<p>\uc774\ubc88 \uacf5\uc2dc\ub294 \ube44\ud2b8\ucf54\uc778\uc774 6\ub9cc \ub2ec\ub7ec \uc120\uc744 \ud68c\ubcf5\ud558\uae30 \uc704\ud574 \uace0\uad70\ubd84\ud22c\ud558\ub294 \uac00\uc6b4\ub370 \ub098\uc654\ub2e4. \ud604\uc7ac \ube44\ud2b8\ucf54\uc778\uc740 \uc9c0\ub09c 24\uc2dc\uac04 \ub3d9\uc548 1% \ud558\ub77d, \uc77c\uc8fc\uc77c\uac04 \uc57d 6% \ud558\ub77d\ud55c 59,150\ub2ec\ub7ec \uc120\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\ub2e4.<\/p>\r\n<p>MSTR \uc8fc\uac00\ub294 \uc9c0\ub09c \ud55c \ub2ec\uac04 41% \uae09\ub77d\ud55c 92.68\ub2ec\ub7ec\ub97c \uae30\ub85d \uc911\uc774\uba70, STRC\ub294 \ub2f9\uc77c 12% \ubc18\ub4f1\ud588\uc74c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 6\uc6d4 \ucd08 \ub300\ube44 15.4% \ud558\ub77d\ud55c 83.67\ub2ec\ub7ec\uc5d0 \uba38\ubb3c\ub7ec \uc788\ub2e4.<\/p>\r\n<p><iframe loading=\"lazy\" title=\"Saylor Plans to sell $1.25B of Bitcoin. Good or Bad for BTC?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/mQiPhdQQBlQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\r\n<h2>\uc2a4\ud2b8\ub798\ud2f0\uc9c0\uc758 \uc218\uc775\ud654 \ud504\ub85c\uadf8\ub7a8\uc758 \uc2e4\uccb4<\/h2>\r\n<p>\uc2a4\ud2b8\ub798\ud2f0\uc9c0\ub294 \uc774\ubc88 \uc7a0\uc7ac\uc801 \ub9e4\uac01\uc744 \uc0c8\ub85c \ubc1c\ud45c\ub41c &#8216;\ube44\ud2b8\ucf54\uc778 \uc218\uc775\ud654 \ud504\ub85c\uadf8\ub7a8(Bitcoin Monetization Program)&#8217;\uc758 \uc77c\ud658\uc73c\ub85c \uaddc\uc815\ud588\ub2e4. \uacf5\uc2dc\uc5d0 \ub530\ub974\uba74 \ub9e4\uac01\uc740 \uc2dc\uc7a5 \uc0c1\ud669, \uc790\ubcf8 \uc218\uc694 \ubc0f \uae30\ud0c0 \uc804\ub7b5\uc801 \uace0\ub824 \uc0ac\ud56d\uc5d0 \ub530\ub77c &#8216;\ub54c\ub54c\ub85c&#8217; \uc2e4\ud589\ub420 \uc608\uc815\uc774\ub2e4.<\/p>\r\n<p>\ub9e4\uac01 \ub300\uae08\uc740 \ud604\uc7ac \uc57d 25\uc5b5 5,000\ub9cc \ub2ec\ub7ec \uaddc\ubaa8\uc778 \ud68c\uc0ac\uc758 \ud604\uae08 \uc608\uce58\uae08\uc73c\ub85c \uc720\uc785\ub418\uc5b4 \uc6b0\uc120\uc8fc \ubc30\ub2f9\uae08, \uc774\uc790 \ube44\uc6a9 \ubc0f \uae30\ud0c0 \uae30\uc5c5 \uc758\ubb34\ub97c \ucda9\ub2f9\ud558\ub294 \ub370 \uc0ac\uc6a9\ub41c\ub2e4.<\/p>\r\n<p>\uacf5\uc2dc \uc2dc\uc810\uc758 \uc5f0\uad6c \ub370\uc774\ud130\uc5d0 \ub530\ub974\uba74 \ud68c\uc0ac\uc758 \uc5f0\uac04 \uc6b0\uc120\uc8fc \ubc30\ub2f9 \ubc0f \uc774\uc790 \ubd80\ub2f4\uc561\uc740 \uc57d 17\uc5b5 6,000\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud55c\ub2e4. 25\uc5b5 5,000\ub9cc \ub2ec\ub7ec\uc758 \ud604\uae08 \uc608\uce58\uae08\uacfc 12\uc5b5 5,000\ub9cc \ub2ec\ub7ec\uc758 \ube44\ud2b8\ucf54\uc778 \ub9e4\uac01 \uc2b9\uc778\uc561\uc744 \ud569\uce58\uba74 \uc774\ub7ec\ud55c \uc758\ubb34 \uc0ac\ud56d\uc744 \uc57d 25.9\uac1c\uc6d4 \ub3d9\uc548 \uac10\ub2f9\ud560 \uc218 \uc788\ub294 \uc218\uc900\uc774\ub2e4.<\/p>\r\n<p>\uc774\uc0ac\ud68c\ub294 \ucd5c\uc18c \ucee4\ubc84\ub9ac\uc9c0 \uae30\uc900\uc744 12\uac1c\uc6d4\ub85c \uc124\uc815\ud588\uc73c\uba70, \uc774 \uc784\uacc4\uac12 \uc544\ub798\ub85c \ub5a8\uc5b4\uc9c8 \uacbd\uc6b0 \uc608\ube44\ube44 \uc778\ucd9c \uc804 \uc774\uc0ac\ud68c\uc758 \uba85\uc2dc\uc801\uc778 \uc2b9\uc778\uc744 \ubc1b\ub3c4\ub85d \ud588\ub2e4. \ub610\ud55c \ube44\ud2b8\ucf54\uc778 \ub9e4\uac01 \uacf5\uc2dc\uc640 \ud568\uaed8 \ub450 \uac1c\uc758 \ubcc4\ub3c4 10\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8 \uc790\uc0ac\uc8fc \ub9e4\uc785 \ud504\ub85c\uadf8\ub7a8\uc744 \uc2b9\uc778\ud588\ub2e4.<\/p>\r\n<p>\uc5ec\uae30\uc5d0\ub294 \ud074\ub798\uc2a4 A \ubcf4\ud1b5\uc8fc\uc640 \ud68c\uc0ac\uc758 \ub2e4\uc591\ud55c \uc6b0\uc120\uc8fc \uc2dc\ub9ac\uc988\ub97c \uc77c\uceeb\ub294 &#8216;\ub514\uc9c0\ud138 \uc2e0\uc6a9 \uc99d\uad8c(Digital Credit Securities)&#8217;\uc5d0 \ub300\ud55c \ub9e4\uc785 \uacc4\ud68d\uc774 \ud3ec\ud568\ub418\uc5b4 \uc788\ub2e4.<\/p>\r\n\r\n<figure class=\"wp-block-image size-large\">\r\n<figure style=\"width: 1200px\" class=\"wp-caption alignnone\"><img decoding=\"async\" src=\"https:\/\/99bitcoins.com\/kr\/wp-content\/uploads\/sites\/6\/2026\/07\/content-img-1-2.jpg\" alt=\"\uc2a4\ud2b8\ub798\ud2f0\uc9c0 \uc8fc\uac00\" width=\"1200\" height=\"658\" \/><figcaption class=\"wp-caption-text\">\ucd9c\ucc98: <a href=\"https:\/\/uk.finance.yahoo.com\/quote\/MSTR\/\" rel=\"nofollow\" target=\"_blank\">\uc57c\ud6c4\ud30c\uc774\ub0b8\uc2a4<\/a><\/figcaption><\/figure>\r\n<\/figure>\r\n\r\n<h2>mNAV \ubb38\uc81c: \ub3d9\ub825\uc744 \uc783\uc740 \ud50c\ub77c\uc774\ud720<\/h2>\r\n<p>\uc774\ubc88 \uc0ac\ud0dc\uc5d0\uc11c \uad6c\uc870\uc801\uc73c\ub85c \ub354 \uc911\uc694\ud55c \ub370\uc774\ud130\ub294 \uc2a4\ud2b8\ub798\ud2f0\uc9c0\uc758 mNAV \ubd95\uad34\ub2e4. mNAV\ub294 \uae30\uc5c5 \uac00\uce58\ub97c \ud68c\uc0ac\uac00 \ubcf4\uc720\ud55c \ube44\ud2b8\ucf54\uc778\uc758 \ucd1d \uc2dc\uc7a5 \uac00\uce58\uc640 \ube44\uad50\ud558\ub294 \ud3c9\uac00 \uc9c0\ud45c\ub2e4. \uc5ec\ub7ec \uc2dc\uc7a5 \ucd94\uc801 \ub370\uc774\ud130\uc5d0 \ub530\ub974\uba74 6\uc6d4 27\uc77c, <a href=\"https:\/\/99bitcoins.com\/kr\/news\/michael-saylor-bitcoin-buy-signal-despite-unrealized-loss\/\">MSTR\uc758 mNAV\ub294 \uc0c1\ub2f9 \uae30\uac04 \ub9cc\uc5d0 \ucc98\uc74c\uc73c\ub85c 1.0 \ubbf8\ub9cc\uc73c\ub85c \ub5a8\uc5b4\uc84c\ub2e4<\/a>.<\/p>\r\n<p>mNAV\uac00 1\uc744 \uc0c1\ud68c\ud560 \ub54c \uc2a4\ud2b8\ub798\ud2f0\uc9c0\ub294 \ube44\ud2b8\ucf54\uc778 \uc21c\uac00\uce58\uc5d0 \ud504\ub9ac\ubbf8\uc5c4\uc744 \ub354\ud574 \uc2e0\uc8fc\ub97c \ubc1c\ud589\ud558\uace0, \uadf8 \uc218\uc775\uc73c\ub85c \ube44\ud2b8\ucf54\uc778\uc744 \ucd94\uac00 \ub9e4\uc218\ud558\uc5ec \uc8fc\ub2f9 \ube44\ud2b8\ucf54\uc778 \uc218\ub7c9\uc744 \ub298\ub9ac\ub294 &#8216;\uc790\uae30 \uac15\ud654 \uba54\ucee4\ub2c8\uc998&#8217;\uc744 \uc791\ub3d9\uc2dc\ud0ac \uc218 \uc788\uc5c8\ub2e4. \uc138\uc77c\ub7ec\ub294 \uc804\uccb4 \uc790\ubcf8 \uc804\ub7b5\uc744 \uc774 \ud50c\ub77c\uc774\ud720 \uad6c\uc870 \uc704\uc5d0 \uc124\uacc4\ud588\ub2e4.<\/p>\r\n<p>\uadf8\ub7ec\ub098 \uc9c0\ud45c\uac00 1 \ubbf8\ub9cc\uc73c\ub85c \ub5a8\uc5b4\uc9c0\uba74 \uc774 \ud50c\ub77c\uc774\ud720\uc740 \uc5ed\uc804\ub41c\ub2e4. \uc2e0\uaddc \uc9c0\ubd84 \ubc1c\ud589\uc740 \uac00\uce58\ub97c \uc99d\ub300\uc2dc\ud0a4\uae30\ubcf4\ub2e4 \ud76c\uc11d\uc2dc\ud0a4\uba70 \ucc44\uad8c \uc2dc\uc7a5 \uc811\uadfc \ube44\uc6a9\uc740 \ube44\uc2f8\uc9c4\ub2e4. \uc774 \uc2dc\uc810\ubd80\ud130 \ube44\ud2b8\ucf54\uc778 \uc9c1\uc811 \ub9e4\uac01\uc740 &#8216;\ucd5c\ud6c4\uc758 \uc218\ub2e8&#8217;\uc774 \uc544\ub2cc &#8216;\ud569\ub9ac\uc801\uc778 \ub3c4\uad6c&#8217;\uac00 \ub41c\ub2e4.<\/p>\r\n<p>\ud68c\uc0ac\uac00 \ube44\ud2b8\ucf54\uc778\uc744 \ub9e4\uac01\ud55c \uac83\uc740 \uc774\ubc88\uc774 \ucc98\uc74c\uc740 \uc544\ub2c8\ub2e4. \uc9c0\ub09c 6\uc6d4 1\uc77c\uc5d0\ub3c4 \uc18c\ub7c9\uc758 \ube44\ud2b8\ucf54\uc778\uc744 \ub9e4\uac01\ud588\ub294\ub370, \uc774\ub294 &#8216;\uc808\ub300 \ud314\uc9c0 \uc54a\uaca0\ub2e4&#8217;\ub358 \ud68c\uc0ac\uc758 \uae30\uc874 \uba85\uc131\uc744 \uace0\ub824\ud560 \ub54c \uc989\uac01\uc801\uc778 \uc2dc\uc7a5\uc758 \uad00\uc2ec\uc744 \ub04c\uc5c8\ub2e4. 6\uc6d4 29\uc77c\uc758 \uacf5\uc2dc\ub294 \uc774\ub7ec\ud55c \ud0dc\ub3c4\ub97c \uacf5\uc2dd\uc801\uc778 \uc2b9\uc778 \ud504\ub85c\uadf8\ub7a8\uc73c\ub85c \ud655\uc7a5\ud55c \uac83\uc774\ub2e4.<\/p>\r\n<p><span data-sheets-root=\"1\"><div class=\"su-note\"  style=\"border-color:#d5dbe0;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#EFF5FA;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"> \ud568\uaed8 \ubcf4\uae30: <a class=\"in-cell-link\" href=\"https:\/\/99bitcoins.com\/kr\/cryptocurrency\/new-upbit-listings\/\" target=\"_blank\" rel=\"noopener\">2026\ub144 \uc5c5\ube44\ud2b8 \uc0c1\uc7a5 \uc608\uc815 \ucf54\uc778 | \uc5c5\ube44\ud2b8 \ucf54\uc778 \ucd94\ucc9c TOP 4<\/a> <\/div><\/div><\/span><\/p>\r\n<h2>\ud53c\ud130 \uc26c\ud504 &#8220;\ubaa8\ub378\uc774 \uc644\uc804\ud788 \ub4a4\uc9d1\ud614\ub2e4&#8221;<\/h2>\r\n<p>\uc624\ub79c \ube44\ud2b8\ucf54\uc778 \ud68c\uc758\ub860\uc790\uc778 \ud53c\ud130 \uc26c\ud504(Peter Schiff)\ub294 6\uc6d4 29\uc77c \uacf5\uc2dc\uc5d0 \ub300\ud574 X(\uad6c \ud2b8\uc704\ud130)\ub97c \ud1b5\ud574 \uc2a4\ud2b8\ub798\ud2f0\uc9c0\uac00 &#8220;\uc774\uc81c \ube44\ud2b8\ucf54\uc778 \ud310\ub9e4\uc790\uac00 \ub418\uc5c8\ub2e4&#8221;\uace0 \uc120\uc5b8\ud588\ub2e4. \uadf8\ub294 \uc9c0\ub09c 6\uc6d4 1\uc77c \ub9e4\uac01 \ub2f9\uc2dc\uc5d0\ub3c4 &#8220;\uc138\uc77c\ub7ec\uac00 \uc900 \uac83\uc744 \uc138\uc77c\ub7ec\uac00 \ub2e4\uc2dc \uac00\uc838\uac00\uace0 \uc788\ub2e4&#8221;\uace0 \ube44\ud310\ud55c \ubc14 \uc788\ub2e4.<\/p>\r\n<p><blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">&quot;The significance for Bitcoin is that Saylor basically just surrendered. Strategy has gone from the biggest buyer to the biggest seller&quot;<br><br>Peter Schiff on why Strategy turning seller flips the entire Bitcoin market<br><br>&quot;He can hide and say we&#39;re still a net buyer. He&#39;s not. He&#39;s\u2026 <a href=\"https:\/\/t.co\/uW64ieUZQE\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/uW64ieUZQE<\/a> <a href=\"https:\/\/t.co\/hzVP33CkD8\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/hzVP33CkD8<\/a><\/p>&mdash; The Wolf Of All Streets (@scottmelker) <a href=\"https:\/\/x.com\/scottmelker\/status\/2071610556839289312?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">June 29, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\r\n<p>\uc26c\ud504\ub294 <a href=\"https:\/\/99bitcoins.com\/kr\/news\/peter-schiff-criticizes-strategy-mstr-leverage-bitcoin-price-drop\/\">\uc2a4\ud2b8\ub798\ud2f0\uc9c0\uc758 \uacf5\uaca9\uc801\uc778 \ucd95\uc801\uc774 \uac15\uc138\uc7a5 \ub3d9\uc548 \ube44\ud2b8\ucf54\uc778 \uac00\uaca9\uc744 \ubd80\ud480\ub9ac\ub294 \ub370 \uc77c\uc870<\/a>\ud588\uc73c\uba70, \uc9c0\uc18d\uc801\uc778 \ub9e4\uac01\uc774 \ubc1c\uc0dd\ud560 \uacbd\uc6b0 \uadf8 \uc5ed\ud559 \uad00\uacc4\uac00 \ubc18\uc804\ub420 \uac83\uc774\ub77c\uace0 \uc8fc\uc7a5\ud588\ub2e4.<\/p>\r\n<p>\ubc18\uba74 \uc138\uc77c\ub7ec\uc640 \ud401 \ub808(Phong Le) CEO\ub294 \uc774\ubc88 \ubcc0\ud654\ub97c \ub2e4\ub974\uac8c \uc124\uba85\ud558\uace0 \uc788\ub2e4. \ub808 CEO\ub294 &#8220;\ud68c\uc0ac\uc5d0 \uc720\ub9ac\ud55c \uc2dc\uc810\uc5d0 \ube44\ud2b8\ucf54\uc778\uc744 \ub9e4\uac01\ud560 \uac83&#8221;\uc774\ub77c\uba70, \ubc30\ub2f9, \ubd80\ucc44 \uc0c1\ud658, \uc608\ube44\ube44 \ud655\ucda9 \uc911 \uc5b4\ub5a4 \uc120\ud0dd\uc744 \ud560\uc9c0\ub294 \uc8fc\ub2f9 \ube44\ud2b8\ucf54\uc778 \uac00\uce58\ub97c \ub192\uc774\ub294 \ub370 \ubb34\uc5c7\uc774 \uac00\uc7a5 \uae30\uc5ec\ud558\ub294\uc9c0\uc5d0 \ub530\ub77c \uacb0\uc815\ub420 \uac83\uc774\ub77c\uace0 \ubc1d\ud614\ub2e4.<\/p>\r\n<p>\uc774\uc0ac\ud68c \ucc28\uc6d0\uc758 \uc81c\uc57d \uc0ac\ud56d(\ube44\ud2b8\ucf54\uc778 \ub9e4\uac01 \ub300\uae08 \uc6a9\ub3c4\ub97c \uc138 \uac00\uc9c0\ub85c \uc81c\ud55c\ud558\uace0 \uadf8 \uc678 \uc0ac\uc6a9 \uc2dc \uc774\uc0ac\ud68c \uc7ac\ud22c\ud45c \ud544\uc694)\uc740 \uc774\ubc88 \uc218\uc775\ud654 \uc870\uce58\uac00 \uc2dc\uc7a5 \ubc18\uc751\uc5d0 \ub530\ub978 \uc989\ud765\uc801\uc778 \uacb0\uc815\uc774 \uc544\ub2cc, \uaddc\uce59\uc5d0 \uae30\ubc18\ud55c \uc804\ub7b5\uc784\uc744 \uc2dc\uc0ac\ud558\uae30 \uc704\ud574 \uc124\uacc4\ub418\uc5c8\ub2e4.<\/p>\r\n<p>\ube44\ud2b8\ucf54\uc778\uc740 2025\ub144 \ub9d0 \uae30\ub85d\ud55c \uc57d 125,000\ub2ec\ub7ec\uc758 \uace0\uc810\uc5d0\uc11c \uae09\uaca9\ud788 \ud6c4\ud1f4\ud558\uc5ec \uc9c0\ub09c\uc8fc 59,000\ub2ec\ub7ec \uc544\ub798\ub85c \ub5a8\uc5b4\uc84c\ub2e4\uac00 \ud604\uc7ac \uc218\uc900\uc73c\ub85c \uc18c\ud3ed \ud68c\ubcf5\ud588\ub2e4.<\/p>\r\n<p>\uc2a4\ud2b8\ub798\ud2f0\uc9c0\uc758 mNAV\uac00 1.0 \ubbf8\ub9cc\uc5d0 \uc5bc\ub9c8\ub098 \uba38\ubb3c\uc9c0, \uadf8\ub9ac\uace0 \ud68c\uc0ac\uac00 \uc0c8\ub85c\uc6b4 \uc218\uc775\ud654 \ud50c\ub808\uc774\ubd81\uc744 \uc5bc\ub9c8\ub098 \uacf5\uaca9\uc801\uc73c\ub85c \ud14c\uc2a4\ud2b8\ud560\uc9c0\uac00 \ud5a5\ud6c4 \uba87 \uc8fc\uac04 \uc9c0\ucf1c\ubd10\uc57c \ud560 \ud575\uc2ec \uc9c0\ud45c\uac00 \ub420 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.<\/p>\r\n<p><span data-sheets-root=\"1\"><a href=\"https:\/\/99bitcoins.com\/kr\/cryptocurrency\/crypto-presales\/\" class=\"sc-button sc-button-green sc-button-medium\" target=\"_blank\"  rel=\"nofollow\"><span>2026\ub144 \uc720\ub9dd \uc0ac\uc804\ud310\ub9e4 \ud504\ub85c\uc81d\ud2b8 \ud655\uc778\ud558\uae30<\/span><\/a><\/span><\/p>\r\n<p><span data-sheets-root=\"1\">\ub354 \ub9ce\uc740 \uc554\ud638\ud654\ud3d0 \ub274\uc2a4\uc640 \ubd84\uc11d\uc744 \uc6d0\ud55c\ub2e4\uba74 99Bitcoins\ub97c <a class=\"in-cell-link\" href=\"https:\/\/twitter.com\/99bitcoins\" target=\"_blank\" rel=\"noopener nofollow\">X<\/a>, <a class=\"in-cell-link\" href=\"https:\/\/www.youtube.com\/99bitcoins\" target=\"_blank\" rel=\"noopener nofollow\">\uc720\ud29c\ube0c<\/a>, <a class=\"in-cell-link\" href=\"https:\/\/t.me\/s\/bitcoinnews99\" target=\"_blank\" rel=\"noopener nofollow\">\ud154\ub808\uadf8\ub7a8<\/a>\uc5d0\uc11c \ud655\uc778\ud574\ubcf4\uc790.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>\ub9c8\uc774\ud06c\ub85c\uc2a4\ud2b8\ub798\ud2f0\uc9c0\uac00 SEC \uacf5\uc2dc\ub97c \ud1b5\ud574 12.5\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ube44\ud2b8\ucf54\uc778 \ub9e4\uac01 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud588\ub2e4. mNAV 1.0 \ubd95\uad34\uc640 \ube44\ud2b8\ucf54\uc778 \ud558\ub77d\uc138 \uc18d\uc5d0\uc11c \uae30\uc5c5 \uc804\ub7b5 \ubcc0\ud654\uac00 \ud3ec\ucc29\ub41c\ub2e4.<\/p>\n","protected":false},"author":135881,"featured_media":35307,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7,13],"tags":[],"coin":[23],"class_list":["post-35309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\uc2a4\ud2b8\ub798\ud2f0\uc9c0\uc758 \ubcc0\uc2ec... \ube44\ud2b8\ucf54\uc778 12.5\uc5b5 \ub2ec\ub7ec\uce58 \ub9e4\uac01 \uac00\ub2a5\uc131 - 99bitcoins KR<\/title>\n<meta name=\"description\" content=\"\ub9c8\uc774\ud074 \uc138\uc77c\ub7ec\uac00 \uc774\ub044\ub294 \uc2a4\ud2b8\ub798\ud2f0\uc9c0(MSTR)\uac00 SEC \uacf5\uc2dc\ub97c \ud1b5\ud574 12\uc5b5 5,000\ub9cc \ub2ec\ub7ec \uc0c1\ub2f9\uc758 \ube44\ud2b8\ucf54\uc778(BTC) \ub9e4\uac01 \uad8c\ud55c\uc744 \ubd80\uc5ec\ud558\ub294 \u2018\ube44\ud2b8\ucf54\uc778 \uc218\uc775\ud654 \ud504\ub85c\uadf8\ub7a8\u2019\uc744 \ubc1c\ud45c\ud588\ub2e4. 1.0 \ubbf8\ub9cc\uc73c\ub85c \ucd94\ub77d\ud55c mNAV \uad6c\uc870\uc640 \ud50c\ub77c\uc774\ud720 \uc5ed\uc804 \ud604\uc0c1, 25\uc5b5 5,000\ub9cc \ub2ec\ub7ec \uaddc\ubaa8\uc758 USD \uc608\ube44\ube44 \uc815\ucc45 \ubc0f \ud53c\ud130 \uc26c\ud504\uc758 \ube44\ud310\uc744 \uc815\ubc00 \uc9c4\ub2e8\ud55c\ub2e4.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/99bitcoins.com\/kr\/news\/bitcoin\/microstrategy-mstr-bitcoin-sale-disclosure-mnav-analysis\/\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\uc2a4\ud2b8\ub798\ud2f0\uc9c0\uc758 \ubcc0\uc2ec... \ube44\ud2b8\ucf54\uc778 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