According to Odaily, CryptoQuant CEO Ki Young Ju recently shared insights on X, highlighting that MicroStrategy's Bitcoin holdings premium has returned to levels seen during the 2021 bull market. During that period, the premium peaked in mid-2021 but never fell below zero throughout the subsequent bear market. In contrast, the Grayscale Bitcoin Trust (GBTC) experienced a negative premium rate, plummeting to -48% as a crisis was triggered by deleveraging.
Michael Saylor, the CEO of MicroStrategy, demonstrated adept management of leverage during this time. Despite the challenges of the 2022 bear market, he maintained the stability of MicroStrategy and effectively managed the risks associated with the Bitcoin market. This strategic approach has been pivotal in navigating the volatile cryptocurrency landscape, ensuring that MicroStrategy remains resilient amid market fluctuations.
