- November 21, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
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The post MicroStrategy Stock Hits Record Correlation with Bitcoin appeared first on Coinpedia Fintech News
MicroStrategy’s stock has reached a historic milestone, with its correlation coefficient to Bitcoin hitting an all-time high, according to MSTR-tracker data. The MSTR/BTC price ratio (100x) has also climbed to 0.5 for the first time. Meanwhile, the premium of MicroStrategy’s stock price to its Bitcoin net asset value (NAV) surged to 3.4, marking a remarkable 197% increase since the start of the year. These metrics highlight MicroStrategy’s growing alignment with Bitcoin’s performance, further solidifying its position as a leading Bitcoin-centric corporation.
