According to BlockBeats, on November 25, Ki Young Ju, the founder and CEO of CryptoQuant, shared insights on social media regarding the performance of MicroStrategy (MSTR) in the stock market. He noted that the premium on MicroStrategy shares has returned to levels seen during the 2021 bull market.
The data indicates that the MSTR premium peaked in mid-2021 but never fell below zero during the last bear market. In contrast, the Grayscale Bitcoin Trust (GBTC) experienced a significant decline, reaching a discount of -48% during the bear market. This steep discount eventually led to a crisis as leverage was unwound.
Ki Young Ju highlighted that Michael Saylor, the executive chairman of MicroStrategy, demonstrated effective leverage management during the 2022 bear market. Saylor's strategic approach helped maintain the stability of MicroStrategy and effectively managed the market risks associated with Bitcoin (BTC).
