On Feb 12 2021 $MSTR had ~91k
#Bitcoin
, 11 mil shares outstanding, and traded at $1,034/share at a BTC price of $47,000.
Today $MSTR has ~210k
#Bitcoin
17m shares outstanding, and trades at $1782/share with BTC at $68,000.
The premium to NAV today is lower, not higher. 🤯