Yesterday, a report by Kerrisdale Capital was made public stating that currently MicroStrategy’s stocks are being traded on the stock exchange at a premium deemed unjustified compared to Bitcoin.
MicroStrategy is a company listed on the Nasdaq with the ticker MSTR, but now the bulk of its assets are made up of Bitcoin.
Since August 2020, the company has purchased a total of 214,000 BTC, investing nearly 7 billion dollars.
At this moment, the Bitcoins owned by MicroStrategy have a market value close to 15 billion dollars, but its market capitalization on the stock exchange is close to 29 billion.
Kerrisdale Capital’s report: MicroStrategy’s premium compared to Bitcoin
Kerrisdale Capital is an investor who is short selling MSTR shares.
It is very likely that this decision stems precisely from their consideration that the value of MicroStrategy’s stocks on the stock exchange actually includes a premium compared to the price of Bitcoin, in other words, that they are
We współpracy z: https://en.cryptonomist.ch/2024/03/29/microstrategy-unjustified-premium-compared-to-bitcoin/
