BlockBeats reported on November 25 that the founder and CEO of CryptoQuant, Ki Young Ju, shared on social media that the premium of US stock MicroStrategy (MSTR) has returned to the 2021 bull market level. The data reveals that the MSTR premium reached its peak in mid-2021 and never dropped below zero during the most recent bear market.
In contrast, GBTC experienced a -48% discount during the bear market, which eventually led to a crisis due to the unwinding of leverage. Ki Young Ju mentioned that Michael Saylor effectively handled leverage, maintaining MicroStrategy’s stability and managing Bitcoin’s market risk during the 2022 bear market.
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