TechFlow news, October 28 — According to CoinDesk, Steno Research reported that MicroStrategy’s bitcoin holdings carry a premium of nearly 300%, but this is unlikely to be sustainable.
Analyst Mads Eberhardt noted that the recent stock split effect at MicroStrategy is fading, and the launch of spot Bitcoin ETF options in the U.S. will reduce investor demand for the company's shares. Additionally, the report mentioned that during the 2021 crypto bull market, the company's premium mostly remained below 200%. As the regulatory environment becomes increasingly favorable toward Bitcoin and cryptocurrencies, investors may prefer holding Bitcoin directly rather than investing in MicroStrategy stock.
Add to Favorites
Share to Social Media
