Is MicroStrategy stock rally a bubble? That’s the question on everyone’s mind after a staggering 515% MSTR stock rally this year. Furthermore, MSTR’s staggering premium of nearly 195% over its Bitcoin holdings is making everyone nervous that the bubble could burst anytime soon.
MicroStrategy (MSTR) Stock Rally Is Not A Bubble
Last week, the MicroStrategy stock rally stormed Wall Street clocking over $136 billion in trading volumes leaving behind giants from the “Magnificent 7” group. Not even GameStop (GME) during its peak frenzy in 2021 bull run attained volumes closer to this, noted The Kobeissi Letter.
Courtesy: The Kobeissi Letter
The MSTR valuation is currently at 2.95x, or 195% premium to its Bitcoin holdings. This is the company’s largest Bitcoin holding premium since the 2021 bull run. After a staggering 515% MSTR stock rally already in 2024, investors remain in a dilemma about what will happen next. Notably, MicroStrategy purchased 51,780 BTC for a staggering inves
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