Source: Coindesk.com
MicroStrategy's almost 300% premium to its bitcoin holdings is unsustainable, the report said. The positive effects of the company's recent stock split are wearing off and the launch of options on spot bitcoin ETFs will also lessen demand, Steno said. The report noted that during the 2021 crypto bull market MicroStrategy's premium hovered below 200%.
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Source: Coindesk.com
