@CryptoMichNL on X: $MSTR its current market capitalization is of
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$MSTR its current market capitalization is $29 billion. The $BTC they are holding: $51 billion. This represents a 43% discount on the stock compared to the underlying collateral. An absolute bargain price. The only reason why the markets are currently pricing the underlying stock below value is the fact that Strategy has been diluting the stock. Now, the mNAV has also fallen to <1 for the first time. When was the last time we saw this happen? Exactly, during the bottom formation period in Q4 2022. I don't think Michael Saylor's Strategy is going to fall. Considering that there is a snapshot date approaching on 30th of June, I would assume that we are near the end. Other than that, markets move in extremes. The current discount of the stock itself is excessively stretched relative to value and would mean that we are currently experiencing a peak of fear.
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$MSTR its current market capitalization is $29 billion. The $BTC they are holding: $51 billion. That's a discount of 43% of the stock compared to the underlying collateral. An absolute steal of a price. The sole reason that the markets are currently underpricing the underlying stock is due to the fact that Strategy has been diluting the stock. Now, the mNAV has also dropped <1 for the first time ever. When did we see that happen for the last time? Exactly, during the bottoming period in Q4 2022. I don't think Michael Saylor's Strategy will fall. Given that there's a snapshot date approaching on the 30th of June, I would assume we're close to the end. Other than that, markets move in extremes. The current discount of the stock itself is overstretched compared to the value and would mean that we're currently living in peak fear.
