Author: Coindesk

“The premium is supported by a desire for investors to have exposure to bitcoin who may be unable to invest directly in bitcoin or in exchange-traded funds (ETFs), and also supported by MSTR’s ability to accretively raise capital to purchase additional bitcoin for shareholders,” the authors wrote. Due to the company’s capital market activity it now has greater exposure to bitcoin on a per-share basis, the report noted. MicroStrategy is expected to benefit from bitcoin catalysts in the coming year, such as the upcoming halving event, which is expected to take place later this month, BTIG said. The quadrennial halving…