Business intelligence firm MicroStrategy (MSTR) experienced a significant share price decline of over 11% on March 28. The company’s shares are currently trading at $1,704, contrasting the recently anticipated $2,000 mark reported just days earlier. Despite this setback, MSTR’s year-to-date performance remains impressive, with a remarkable 150% gain.
Analysts are closely monitoring the “MSTR/BTC Ratio,” a comparative value ratio between MicroStrategy’s stock price and the price of Bitcoin. Currently trading at 0.024, the ratio hit a recent high of 0.028, mirroring levels observed in June 2021 at approximately 0.027.
The “NAV Premium” chart, which displays the premium of MicroStrategy’s stock over its proxy-NAV in Bitcoin, indicates that the market values the company’s stock at 1.92 times its Bitcoin holdings. This unique methodology considers MicroStrategy’s Bitcoin holdings, outstanding shares, share price, and market cap. The current NAV figure matches the high observed in June 2021.
Analysts are closely watching the MicroStrategy share price to Bitcoin holdings ratio as MSTR falls 11%.
