2024-06-18 08:05:16 ET
Summary
- MicroStrategy's stock price has decoupled from its Bitcoin holdings, indicating overvaluation of its software business.
- MicroStrategy's software business valuation has surged to $16.6 billion from just $1.79 billion one year ago, raising concerns.
- Insider sales of MicroStrategy stock, along with liquidity issues surrounding its Bitcoin holdings, suggest a "Sell" recommendation at this time.
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MicroStrategy: Valuation Significantly Decoupled From Its Bitcoin Holdings