Posted 12/28/2023, 6:59:00 AM
MSTR Stock Surges to 25-Month High But Appears Overvalued Compared to Bitcoin Holdings, Says Research
- MSTR shares appear 26% overvalued based on 10x Research's regression model analyzing BTC price and MSTR stock
- MSTR stock has quadrupled in 2023, reaching a 25-month high this week to become a top performing crypto-related stock
- MSTR holds 189,150 BTC purchased as a reserve asset starting 3 years ago
- Crypto-related stocks like MSTR and Coinbase track institutional interest in digital assets
- According to 10x Research, MSTR is 20% overvalued compared to Bitcoin's current $43,000 price