MicroStrategy (MSTR) ‘Not Resting on its Laurels’ as Bitcoin (BTC) Hits All-Time High: Canaccord

“This re-expansion has been a bit of a pleasant surprise to us despite more competition from ETFs,” the authors wrote, adding that the premium does make some sense as MicroStrategy’s bitcoin acquisition strategy of “only buying BTC when its stock trades at a relative premium to its HODL,” has been accretive.