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.
MicroStrategy’s premium to its bitcoin holdings, sometimes called its NAV premium, has dropped one-third from its November all-time high.
The MicroStrategy chief advised the US government to purposefully dump its gold reserves solely to acquire over one-fifth of bitcoin’s supply.
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.
Bitcoin reached $100,000 and has a market cap of over $2 trillion, putting it ahead of silver, tech giant Meta, and Elon Musk’s Tesla.
MicroStrategy’s average bitcoin acquisition price has nearly doubled this year and is currently $58,263 per bitcoin.