Market Capitalization and Bitcoin Holdings
As of May 2, 2025, Microstrategy's market capitalization is approximately $96.8 billion, calculated from its stock price of $381.60 and 253,710,000 outstanding shares Yahoo Finance. The value of its Bitcoin holdings, at 553,555 BTC with a current price of $96,842, is about $53.63 billion. This indicates the stock is valued higher than the direct worth of its Bitcoin, suggesting a premium.
Premium Calculation
The premium is calculated as the difference between market cap and BTC holdings value, divided by the BTC holdings value: ($96.8 billion - $53.63 billion) / $53.63 billion ˜ 80.5%. This means investors are paying about 80.5% more for Microstrategy's stock than the value of its Bitcoin, likely due to factors like leverage and market optimism.
Implications and Context
This premium doesn't mean Bitcoin is overvalued within Microstrategy; rather, it reflects additional value investors see in the company's strategy, such as its leveraged exposure to Bitcoin and potential for growth. However, opinions vary, with some seeing it as speculative and others as justified by long-term Bitcoin potential. Source Grok |
