MicroStrategy's asset premium rate soared to 175.08%, and equity holders were enthusiastically bullish on Bitcoin breaking through $190,000

BlockBeats news, on October 29, according to data disclosed by Mstr-Tracker, the current market value of MicroStrategy is $51.74 billion, which is "hugely premium" compared to the net asset value of its underlying Bitcoin assets, and the current stock market value is 3.007 relative to its Bitcoin net asset value (NAV). MicroStrategy currently holds 252,220 BTC, with a Bitcoin holding value of approximately $17.9 billion and a total cost of approximately $9.9 billion.

With the recent significant rise in MicroStrategy's stock price, reaching its highest level in recent years at $255.34, its net asset ratio has also soared, from 1.21 in early September to 3.007 now. The valuation of MicroStrategy's main business is between $1.5 billion and $2.5 billion. Even if the upper limit of $2.5 billion is taken, the market's premium rate for MSTR's Bitcoin assets is still as high as 175.08% "(51.74 billion - 2.5 billion - 17.9 billion) / 17.9 billion". This shows that investors who currently buy MSTR shares still expect Bitcoin to rise by nearly 1.75 times, that is, Bitcoin will reach $195,000. The U.S. stock market's enthusiastic bullish sentiment on Bitcoin is vividly demonstrated in the valuation deviation of MicroStrategy (MSTR).

MicroStrategy's large holdings in Bitcoin and its high debt level have led some market participants to question whether the company will be forced to dump Bitcoin into the market, triggering a downward spiral in prices. MicroStrategy founder and executive chairman Michael Saylor previously said he had no intention of selling the company's Bitcoin.