BitMEX Research Questions MSTR's Premium Valuation

12/7/2024 10:58:54 AM

According to BitMEX Research, the reasoning behind MicroStrategy (MSTR) trading at a premium due to its Bitcoin acquisition strategy is questioned. The tweet suggests that the justification for MSTR's premium valuation might be circular, implying that it trades at a premium simply because it has historically traded at a premium. This raises concerns for traders about the sustainability of MSTR's valuation strategy. (Source)

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