Let's bring in Canacord Genuity managing director, equity research analyst, Joseph Vafi. Joe, great to have you with us. >> Um, so thanks Melissa.>> The stock has been up more than Bitcoin itself. Um, so how do you how do you make heads or tails of the stock in the move. Well, I think Melissa, you the best way to to look at Micro Strategy is you've got an operating company balance sheet that can take advantage of equity and debt to be able to opportunistically buy Bitcoin.And the the company embarked on the ...

Michael Saylor MicroStrategy Bitcoin Acquisition Strategy. Photo by BeInCrypto MicroStrategy’s market premium over its Bitcoin holdings has narrowed to near parity, raising questions about the future of Michael Saylor’s levered Bitcoin model.  The latest disclosures show the company holding 649,870 BTC at a cost of roughly $48.4 billion, yet its equity no longer trades at the high multiples that powered earlier expansion. A Collapsing Premium and Rising Capital Pressures The company’s mNAV fell below 1x ...