MicroStrategy Falls to 13-Month Low but Still Trades at Bitcoin Premium
Bitcoin endured another rough session, slipping from around $103,539 to roughly $98,600 — a near 3% drop — and weighing on MicroStrategy (MSTR), which fell about 6.6% to its lowest share price in 13 months. As the largest corporate holder of bitcoin, MicroStrategy’s stock remains sensitive to BTC swings; the share move highlights renewed short-term volatility across digital-asset-linked equities.
Even after the selloff, MicroStrategy still trades at a premium relative to the notional value of its bitcoin reserves, a signal that investors are pricing in factors beyond on‑chain holdings — including its corporate strategy, leverage profile, and potential future bitcoin appreciation. That premium matters because it gauges investor confidence (or speculation) in management’s treasury approach and can amplify moves if BTC shifts further. Traders and treasury-focused investors will likely watch both bitcoin price action and MSTR’s premium as indicators of broader market sentiment.