Saylor Breaks Down Why MicroStrategy Trades Above Its Bitcoin Holdings

MicroStrategy’s stock (MSTR) trades above the value of its bitcoin holdings, with Michael Saylor citing four structural advantages: credit amplification, options market access, passive index flows, and superior institutional reach.

The company can apply 2x–4x leverage to bitcoin via equity financing, tap over $100 billion in traditional options markets, attract investment through major indices like the Nasdaq 100, and access trillions in equity and credit capital—opportunities unavailable to direct bitcoin holders or spot ETFs. These factors, Saylor argues, justify MSTR’s premium over its bitcoin net asset value.

Clever Robot News Desk 14^th August 2025