🚀 Michael Saylor: 4 Reasons $MSTR Trades Above Bitcoin NAV

Michael Saylor, Executive Chairman of MicroStrategy, explained why $MSTR trades at a premium to its Bitcoin holdings:

1️⃣ Credit Amplification

Uses debt & convertible bonds to buy more Bitcoin, giving 2–4x leveraged exposure → Bigger gains in bull markets.

2️⃣ Options Advantage

$MSTR’s $100B+ options market is larger than Bitcoin ETFs/futures, attracting institutional traders and boosting liquidity.

3️⃣ Passive Flows

Included in major indexes (NASDAQ-100, MSCI, Russell 1000) → Index funds auto-buy, ensuring steady capital inflow.

4️⃣ Institutional Access

Institutions that can’t hold Bitcoin directly can buy $MSTR → Access to $35T equity & $60T credit markets.

💡 Impact: $MSTR = Leveraged, liquid, and institution-friendly Bitcoin play. Premium shows market confidence.