Widening Saylor Spread

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It’s curious that, while Bitcoin is pretty much just paddling around the water, staying afloat, not doing much of anything (with the same price it had over half a year ago)……..

…….Strategy (MSTR), whose entire business is at the mercy of what $BTC does, is up nearly 6%.

The spread between intrinsic value of $BTC and the nominal value of Strategy is becoming a chasm.