On November 25, CryptoQuant’s founder and CEO, Ki Young Ju, announced on social media that the premium of US stock MicroStrategy (MSTR) has returned to the 2021 bull market level. He mentioned that MSTR premium reached its peak in mid-2021 and never dropped below zero during the bear market. In comparison, GBTC fell to a discount of -48% during the bear market, ultimately leading to a crisis due to unwound leverage.
Ki Young Ju praised Michael Saylor’s handling of leverage, stating that he maintained MicroStrategy’s stability during the 2022 bear market and effectively managed BTC’s market risk.
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