Death of the Premium: Strategy’s Discount to NAV Breaks the $BTC Buying Machine, Helping $HYPER Soar
For years, Strategy (MSTR), previously MicroStrategy, has traded as the market’s go-to high-beta Bitcoin proxy, commanding an enormous premium (the Syalor Premium) over its Net Asset Value (NAV). Investors fortunately paid $2.00, generally even $2.50, for each $1.00 of Bitcoin on the steadiness sheet. They handled the inventory like a leveraged ETF with out the…
