$MicroStrategy(MSTR)$
So if 1k is currently around 0.9% of BTC, we would expect a 1% increase in BTC is 0.5% in stock price. That is purely based on NAV (excluding any other business MSTR may have). So that's a 1x NAV.
Now we have to consider the NAV multiplier. That's what the discussion will be about. One might expect a min of 2x currently , but if we consider the future business (a BTC Bank) which MSTR have already stated will happen then the multiplier could be significantly more. So simply put at what point do we consider this future business (some already are, some not) - i'm hoping more is discussed in the earnings call next week.
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