Here’s why MicroStrategy stock and Bitcoin price have diverged
MicroStrategy stock and Bitcoin price have historically had a close correlation as the company became the biggest BTC investor.
MicroStrategy shares have dropped by 21% in the last 30 days, while Bitcoin (BTC) is down by less than 2%. This marks a significant divergence, as MSTR stock has typically moved in tandem with Bitcoin.
The stock has risen by over 320% this year, while Bitcoin has jumped by 120%. Its outperformance of Bitcoin, combined with the lack of an expense ratio, has led some investors to view it as a better alternative to BTC and spot Bitcoin ETFs.
MSTR has continued to accumulate Bitcoins this year and currently holds…
