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Pathikrit Bose

MicroStrategy’s Market Cap Is Less Than Its Bitcoin Holdings and MSTR Stock Has Halved in Just the Past Year. What Gives?

Strategy Bitcoin MSTR MicroStrategy IBIT

Michael Saylor-led Strategy (MSTR) (formerly MicroStrategy) is Strategy-ing as they would say. As Bitcoin (BTCUSD) continues to trade below levels of $80,000, the world's largest holder of the world's most popular and biggest cryptocurrency has added to its pile. The company bought 3,273 bitcoins for an average price of $77,906, for a total value of about $255 million last week.

And as I had pointed out earlier in my most recent piece about the Bitcoin treasury company, its market cap of $56.5 billion is now below the value of its total Bitcoin holdings, which is currently hovering around $61 billion.

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