Is MicroStrategy Stock Better than a Spot Bitcoin ETF?
TD Cowen analysts say MicroStrategy stock’s premium over BTC will compress but not disappear as spot Bitcoin funds come online.

TD Cowen analysts say MicroStrategy stock’s premium over BTC will compress but not disappear as spot Bitcoin funds come online.
MicroStrategy's Michael Saylor strategically sold shares ahead of the Bitcoin ETF launch, following a pre-existing plan. This surprising move, the first in 12 years, added $20 million to his portfolio. Concerns over stock decline and ETF impact arise as the company, known for its substantial Bitcoin holdings, faces the evolving cryptocurrency market surge.
Microstrategy's aggressive Bitcoin investments and innovative Lightning Rewards program underscore its strong belief in cryptocurrency as a key corporate asset.
MicroStrategy's Saylor is selling company shares worth $216 million to increase his Bitcoin holdings, while maintaining a significant stake in the company.
MicroStrategy amasses a staggering £1 billion in profits from its Bitcoin investments during the recent cryptocurrency surge.
He extended his praise for Bitcoin’s (BTC) features, terming the flagship cryptocurrency as a channel towards freedom.
Bitcoin provides a “sound ethical, economic, and technical foundation for DeFi,” said Michael Saylor.
According to Glassnode data, as of this writing, the price of Bitcoin is just over $21,000, which means that about 45% of Bitcoin holders have "paper losses."
Michael Saylor, founder and CEO of MicroStrategy, placed a large wager on Bitcoin that did not appear to pay off. ...
The Bitcoin market has been extremely volatile and leaning towards dips that left many traders and investors on panic mode. ...