MicroStrategy bitcoin purchases aren’t stopping premium decline
MicroStrategy’s premium to its bitcoin holdings, sometimes called its NAV premium, has dropped one-third from its November all-time high.
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MicroStrategy’s premium to its bitcoin holdings, sometimes called its NAV premium, has dropped one-third from its November all-time high.
Bitcoin hit an all-time high above $100K on Wednesday, yet MicroStrategy fell 4.8% the following day and closed 28% below its all-time high.
With bitcoin above $100,000, FT Alphaville took a moment to half-heartedly apologize for 13 years of consistently negative coverage.
Some people believe MicroStrategy's bitcoin can't be liquidated... but there's no free lunch on Wall Street.
The Australian entrepreneur failed to argue that his autism and plans for Christmas should prevent him from appearing in person.
MicroStrategy and Michael Saylor’s rise to prominence has drawn comparisons to Do Kwon’s bitcoin-buying ambitions from 2022.
In the 1980s, a single family manipulated the price of silver. Critics think that situation is similar to MicroStrategy and bitcoin.
Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever.
Michael Saylor’s Class B MicroStrategy stock outvoted Class A 10:1, but so much Class A now exists that he has lost voting control.
Whether bitcoin will destroy all models or only some is up for debate. But for most publicized models, it seems intent on a destructive path.