MicroStrategy (MSTR) shares have recently seen a pullback and are currently trading at around $1,240 per share, down 35% from their recent highs of nearly $2,000. The decline is in line with Bitcoin, an 8% pullback over the same period. Despite the recent economic downturn, MicroStrategy's stock has outperformed Bitcoin so far this year, with MSTR up 84% and BTC up 44%.
The MSTR tracker's data shows the MSTR/BTC ratio "chart shows its peak at around 0.028, similar to the 2021 high, but has since fallen to 0.02. Additionally, the" Net Asset Value Premium "chart created by MSTR-tracker shows that the premium of MicroStrategy stock relative to its Bitcoin-based net asset value (NAV) has fallen from around 2.3 to 1.4, indicating a decrease in the market's valuation of MicroStrategy.
MicroStrategy's stock is still outperforming Bitcoin so far this year
2024-04-26 06:29:32
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