On October 11th, according to CoinDesk, the share price of bitcoin development company MicroStrategy (MSTR) continues to rise relative to the price of bitcoin, expanding the net asset value premium it holds to its highest level in more than three years. The company's so-called net asset value (NAV) premium, calculated by dividing its market capitalization by the value of its bitcoin holdings, has risen to about 2.5, the highest level since February 2021, according to MSTR-tracker.
At current pricing, MicroStrategy's market cap is around $37.14 billion, and its 252,220 BTC is worth $15.10 billion. Additionally, the average of MicroStrategy's share price divided by the bitcoin price is also 0.0030, which is the highest ratio since the company started adopting bitcoin in August 2020.
MicroStrategy's "net asset value premium" hits highest level since 2021
2024-10-11 13:52:49
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