Let me give you an example, how much is btc worth? You can't price it, at least you can't use the cash flow discount formula to calculate it. The only thing you can guess is... gold 25t, so btc also has a potential of 25t... and so on.

Similarly, how is the premium for mstr priced? 1 time seems right, but the problem is the market has never respected a 0% premium, and there is no third-party arbitrage mechanism. The only arbitrage mechanism for mstr is in the hands of michael saylor, who can issue new shares to buy btc. So there is no pricing mechanism for the premium, and things without a pricing mechanism can skyrocket or plummet.

Speaking of this, do you see a pattern now?

Forget about Wall Street, it's just a bunch of meme players!