Pre-market $MSTR is still in a speculative state and has not fully recovered from the short-selling event. Currently, the risk for MSTR is quite high, while the second dragon $SMLR has been maintaining an upward trend both pre and post-market. It turns out that what was short-sold was not the business model, but the premium. Speaking of which, if we talk about premium, SMLR could be worth a discussion.
First, before purchasing #Bitcoin, SMLR had a market value of about 200 million dollars, after all, there is a real business. Currently, the company holds a total of 1,273 #BTC, which is valued at less than 126 million dollars based on the current BTC price. As of yesterday's close, SMLR's market value is 482 million dollars.
This equates to an additional market value of 282 million dollars after purchasing BTC, subtracting the market value of BTC, the premium is 156 million dollars, which is just over double the premium. Although the premium is not low, it is still relatively safer compared to MSTR's 3.28 times premium.
So entering, I do not rule out the possibility of selling MSTR to buy SMLR, but I will not do it right at the opening; I will observe more first.
This is not an investment advice, and I do not recommend my friends to learn from me. My profits from MSTR are enough to cover the losses from SMLR. Moreover, if MSTR continues to decline, it might also impact SMLR, so I do not recommend following me. I am just stating my personal investment strategy.
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