MicroStrategy, a Bitcoin development company, has seen its net asset value premium reach 2.5 times its Bitcoin holdings, the highest level since February 2021. The company has been aggressively accumulating Bitcoin and has increased its "Bitcoin Yield" key performance indicator to 5.1%. This accumulation strategy has allowed MicroStrategy to outperform Bitcoin itself, with its stock gaining over 240% compared to Bitcoin's 16% decrease. The company's aggressive approach to raising capital and growing its Bitcoin stash has led to an increase in Bitcoin per share, benefiting shareholders. With no signs of slowing down, the net asset value premium could continue for the long term.
- Content Editor ( coindesk.com )
- 2024-10-11
MicroStrategy's 'NAV Premium' Hits Highest Since 2021