Anyone else noticed MSTR is currently sitting at just 85% of its Bitcoin holdings value?
Let that sink in for a second. The company's market cap is literally trading at a 15% discount to the BTC stacked on their balance sheet. No premium. Actually a discount.
Feels like the market's missing something here. When a publicly traded vehicle gives you exposure to Bitcoin at below net asset value, that's not usually how this game works. Undervalued? That's putting it mildly.
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ForkMonger
· 12-01 20:19
nah this is exactly how it should work... governance attack vectors on corp treasuries aren't priced in yet. once the margin of disruption hits, that "discount" evaporates real quick.
Reply0
BearMarketBuilder
· 12-01 20:19
Wait, is this 15% discount on MSTR for real? It feels a bit off.
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DeFiVeteran
· 12-01 20:15
The 15% discount is indeed not very reasonable, it feels like the institutions haven't reacted yet.
Anyone else noticed MSTR is currently sitting at just 85% of its Bitcoin holdings value?
Let that sink in for a second. The company's market cap is literally trading at a 15% discount to the BTC stacked on their balance sheet. No premium. Actually a discount.
Feels like the market's missing something here. When a publicly traded vehicle gives you exposure to Bitcoin at below net asset value, that's not usually how this game works. Undervalued? That's putting it mildly.