After the election, as everyone except for muggles know, the price of BTC rallied to all time highs (ATH) just short of $100,000. At the time of this writing, it’s hovering around $98,000. An interesting question then is: what happened to Michael Saylor’s MicroStrategy (MSTR) during this period?
The publicly traded stock, synonymous with its unconventional and risk-on co-founder as well as the price of BTC, also rallied to post-election ATH — as one might expect — exceeding $500.
Then last week, it took a precipitous ~22% short selling-inspired hit based off of a report expressing concerns about the company’s valuation. The noise around the stock piqued my interest. I was curious to dig in and see what potential market opportunities might exist, or at least understand the value of owning MSTR vs BTC.
This graph is a bit misleading. The main reason MSTR has outsized gains to BTC is that MSTR is highly levered. Very highly levered. It has acquired 386,700 BTC for nearly $22 bil
We współpracy z: https://www.coindesk.com/opinion/2024/12/04/mstr-vs-btc
