MicroStrategy Market Cap/BTC premium 'halved to 1.6 in three months,' analyst: Strategy raises funds to increase the position, fearing the pace of BTC may be hindered.

Cryptocurrency analyst Miles Deutscher pointed out on social platform X yesterday (25) that MicroStrategy's Market Cap premium relative to its BTC holdings has fallen from a high of 3.4 in November last year to the current 1.6, which means that MicroStrategy raises more funds through issuance bonds and additional shares to increase the position BTC. It will become more and more difficult. (Synopsis: Micro Strategy intends to issue another $2 billion of corporate bonds plus BTC, but corporate tax risk is increasing) (Background supplement: Micro Strategy Michael Saylor released the "BTC 21 Rules": If you don't respect BTC, wait to be a clown) According to bitcointreasuries statistics, BTCHoldings volume hegemon (formerly known as MicroStrategy) among listed companies in the United States, In the past 1 year of continuous increase in the position, it has expanded its BTCHoldings to 478,740 BTC, at a total cost of about $31.166 billion, and BTCHoldings is worth $41.871 billion. Microstrategy BTCHoldings However, with the recent volatility and decline of BTC, its stock price has also continued to pull back, writing at $250.51, down 28% in the past 1 month, and Market Cap has also shrunk to $63.2 billion. Analyst: MicroStrategy Market Cap premium dropped to 1.6 For the decline in MicroStrategy's share price, Cryptocurrency analyst Miles Deutscher pointed out on social platform X yesterday (25) that MicroStrategy's Market Cap premium relative to its BTC holdings has fallen from a high of 3.4 in November last year to the current 1.6, which means that MicroStrategy has passed through issuance bonds, The method of issuing additional shares to raise more funds to increase the position of BTC will become increasingly difficult: the lower this number, the more difficult it will be for MicroStrategy to raise funds to buy BTC. It looks like microstrategy has had to slow down. The premium of $MSTR's market cap to it's underlying $BTC holdings has collapsed from a high of 3.4 in November to only 1.6 now. The lower this number goes, the harder it will be for Saylor to raise more capital for $BTC purchases. It seems like he will have to slow his pace. pic.twitter.com/yljEAgHyot — Miles Deutscher (@milesdeutscher) February 25, 2025 What is the MicroStrategy Market Cap premium? The Market Cap premium refers to the difference between the Market Cap of a listed company's stock and the actual value of the company. We know that MicroStrategy used to be a software development company until it announced in August 2020 that it would use the company's assets to invest in BTC, making it one of the largest BTCWhale today. The large premium of MicroStrategy Market Cap is due to its BTC holdings. Simply put, the higher the premium, reflecting investors' previous optimistic expectations for BTC, but with the current cryptocurrency market in a deep downturn, the market cap premium of micro-strategies has also shrunk. Related Stories GameStop( Game Station ) Considering investing in BTC and other cryptocurrencies, can it become the next microstrategy? Metaplanet announced that its hotel changed its name to "Bitcoin Hotel" and invested in BTC, and its stock price soared 4,000% in a year Microstrategy reraised $560 million with 8% interest per year, but interrupted for 12 weeks to increase the position BTC record, why? "Microstrategy Market Cap/BTC premium rate "cut in half in three months to 1.6", analyst: Strategy raises money to increase the positionBTC pace may be hindered" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".