MicroStrategy 'Net Asset Value Premium' Highest Since 2021

Shares of bitcoin development company MicroStrategy (MSTR) continue to rise relative to the price of bitcoin, expanding the net asset value premium of its holdings to its highest level in more than three years, CoinDesk reported on Oct. 11th. The company's so-called net asset value (NAV) premium, which is calculated by dividing its market capitalization by the value of its bitcoin positions, has risen to about 2.5, its highest level since February 2021, according to MSTR-tracker. At current pricing, MicroStrategy has a market capitalization of about $37.14 billion and its 252,220 BTC are worth $15.1 billion. Additionally, the average value of MicroStrategy's stock price divided by the price of Bitcoin is also 0.0030, which is the company's highest ratio since August 2020, when it began adopting Bitcoin.