In a new report by Bybit, an evaluation of the company Strategy, formerly known as MicroStrategy, has been conducted focusing on its true value in the context of Bitcoin ownership.
General Information
The company Strategy specializes in accumulating Bitcoins, holding over half a million BTC, which accounts for approximately 2.8% of the total supply.
Key Findings
Bybit's report indicates that:
- Statistical analysis suggests undervaluation of Strategy's shares: potential fair value is $468 per share, approximately 17.9% above current trading levels. - The company maintains a conservative loan-to-value ratio of 11.46%, providing a buffer against market volatility. - Strategy's valuation may be unique due to its pioneering status in the market.
Risks and Opportunities
Strategy creates a new asset class in equity markets, offering institutional exposure to BTC. However, despite the significant upside potential, the leveraged structure also amplifies risks.
Bybit's report highlights the complexity of evaluating Strategy and its uniqueness as a Bitcoin holder. Investors should carefully assess risks and opportunities before making decisions.
