CandleFocus MicroStrategy’s Premium Surges to 2021 Levels
2024-11-25
Author: Content Editor
The Bitcoin premium for MicroStrategy has returned to levels last seen during the 2021 bull run, according to data from CryptoQuant. The company's premium peaked in the middle of the bull run and never fell below zero during the previous bear market. In comparison, GBTC was trading at a 48% discount. Despite a significant correction triggered by a bearish call from Citron Research, MicroStrategy's shares have surged and are trading at a 2.924X premium to net asset value. Critics argue that the company's strategy of relying on cheap debt offerings is unsustainable and could increase the risk of future forced Bitcoin selling.
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