TD Cowen: If spot Bitcoin ETF is approved, MicroStrategy stock premium may decrease by 15% to 25%
TD Cowen analyst Lance Vitanza estimates that MicroStrategy's stock price is about 30% higher than its enterprise value due to its holding of 158,245 bitcoins as of September. He said that if the SEC approves a bitcoin ETF in the coming months, the premium may decrease by 15% to 25%. Vitanza gave MicroStrategy a "outperform" rating and said that the premium would decrease but not to zero.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Surpasses Amazon, Clinching 5th Spot as World’s Highest Valued Asset
Beyond $2 Trillion: Bitcoin's Mammoth Market Leap Casts a Spotlight on the Potential Future of Digital Assets
Unexpected Slowdown in BTC ETF Inflows Despite Bitcoin Surpassing $100K Mark
Exploring the Paradox of Weakening Inflows Amid Bitcoin's Milestone Achievement
Bitcoin Surpasses $100K, Ethereum Upgrade Spurs ETH Rally
Bitcoin & Ethereum $3 Billion Options Set to Expire Today
Trending news
MoreCrypto prices
More
