According to PANews, MicroStrategy's stock premium on Bitcoin, measured by the enterprise value compared to the company's Bitcoin holdings, is continuing to decrease. The company's valuation is currently about twice the value of its Bitcoin holdings, which amount to approximately 439,000 Bitcoins. This ratio has fallen from a peak of 3.5 times in November to the current two times, indicating that MicroStrategy's stock price has not kept pace with Bitcoin's recent price movements, which saw a surge past $100,000 before a pullback.
With a significant Bitcoin premium still present in the stock, MicroStrategy's share price may face further downward pressure. The company's market capitalization is around $79 billion, with its Bitcoin holdings valued at approximately $43 billion. Additionally, MicroStrategy carries $7 billion in debt. The high premium could make the stock more susceptible to adjustments as the premium continues to shrink.
