Microstrategy Stock And BTC Price Have Hit A Record High Simultaneously!

The post Microstrategy Stock And BTC Price Have Hit A Record High Simultaneously! appeared first on Coinpedia Fintech News

As per the latest report by MSTR-tracker data, the correlation coefficient between the Microstrategy (MSTR) stock price and the Bitcoin (BTC) has hit a record high around the same time recently. Moreover, the (100x) MSTR/BTC price ratio has reached 0.5 for the first time ever this month. Furthermore, during the same time period, the premium of $MSTR stock to its BTC price net asset value (NAV) has reached 3.4. Reportedly, this is an increase of approximately 197% this year.