$MicroStrategy(MSTR)$ i just got this from another website:
Microstrategy CEO Michael Saylor sees the halving as a catalyst for the price of bitcoin due to decreased selling pressure which will allow the price to go up.
“You're going to see $12 billion of natural selling per year converted into $6 billion of natural selling per year,” Saylor said.
Microstrategy holds more than 214,000 bitcoin, equal to more than 1% of the entire supply, with an average purchase price of approximately $35,000. Most recently, the company used a $700 million convertible bond offering to purchase more Bitcoin in March.
OK above is what visionary prophetic GURU says today.
OK i get it. it's gonna go up, ok i get it. i wont ask u why, cos normally in stock mkts, when something is perfectly expected, its in the price, before it happens.
But it still doesn't explain WHY MSTR trades at a 180% premium to BTC mkt value.
Does anyone know why MSTR is up 12% while bitcoin is up 2.5%
Why would this be even explainable - bulls pls explain
The premium to NAV was already 160%, and is widening today to +170%...
Is there any reason - however unreasonable - to justify this massive increase ?
go work it out for yourself, as you type on daddy's old PC in his basement.
And when you gonna try and move out of the basement, huh?
yeah i know it's free,
you will see that post the dilution of the recent bond convertible issuance, there is actually a reduction in the amount of btc/mstr sh post the dilution. Pls do that yourself to understand.
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