Crypto industry veterans and investors are debating whether Bitcoin or MicroStrategy is a better buy following several weeks of stellar performance for both assets.
“Every time MSTR does a leverage buy on cheap financing the valuation will boost, so it’s already acting like a levered BTC long,”Bitcoin analyst Willy Woo in an X post on Thursday. These purchases effectively boost shareholders’ “BTC per share,” a metric that stays essentially flat in standard Bitcoin ETFs run by BlackRock and Grayscale.While the Federal Reserve’s benchmark rate currently exceeds 5%, and crypto markets are lending stablecoins at over 10%, MicroStrategy’soffer a mere 0.6% and 0.
Since the start of the year, Saylor has been selling his shares in MSTR to purchase more BTC, which critics view as a lack of conviction in his own company compared to Bitcoin itself.
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