Analyst 10x Research stated that its regression model analyzed the relationship between MicroStrategy (MSTR) stock price and Bitcoin spot price, and the results showed that "MicroStrategy stock price is currently overvalued by 26%, and has room for a 20% decline. It is now time to take profits. It’s time”.
MicroStrategy shares have risen 343% this year, once becoming one of the best-performing crypto-related stocks in 2023. (CoinDesk)
According to previous news, as of December 26, local time, MicroStrategy held 189,150 Bitcoins, with an average purchase price of US$31,168 and a total cost of approximately US$5.9 billion. Based on the current price of Bitcoin, MicroStrategy has a floating profit of approximately US$2.3 billion.