Death of the Premium: Strategy’s Discount to NAV Breaks the $BTC Buying Machi...
For years, Strategy (MSTR), formerly MicroStrategy, has traded as the market’s go-to high-beta Bitcoin proxy, commanding a massive premium (the Syalor Premium) over its Net Asset Value (NAV). Investors happily paid $2.00, sometimes even $2.50, for every $1.00 of Bitcoin on the balance sheet. They treated the stock like a leveraged ETF without the management fees. But that dynamic is breaking. Recent trading data suggests the famous ‘Saylor Premium’ isn’t just eroding; it’s occasionally flipping into a discount. Source Saylor Tracker That premium wasn’t just a vanity metric. It....
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Most of the times I introduce bitcoins to people who don't know about it, they invariably reply: "Where could I use them?" I would usually reply "at any merchant that accepts bitcoins." But now I'm able to reply "Anywhere". The next question most people ask is "But where do I get bitcoins in the first place?" I'd usually mention localbitcoins or Coinbase. But now I'm able to tell them about Brawker. Brawker is proxy buying service that allows you to both buy bitcoins and purchase anything on the internet using bitcoins with a guaranteed discount, just for using bitcoins. Here's how it....
Grayscale Bitcoin Trust's premium is now above 30% as institutional demand for BTC continues to increase. The demand for the Grayscale Bitcoin Trust (GBTC) continues to rise with its premium surpassing 30% on Dec. 3. This indicates that Bitcoin (BTC) is seeing increasing institutional demand as its price consolidates above $19,000.The Grayscale Bitcoin Trust is an institutional vehicle that is tradable in the United States through OTC markets. Accredited and institutional investors typically use the trust to obtain exposure to BTC with their brokerage accounts.Why is the Grayscale Bitcoin....
Data shows the Bitcoin Coinbase Premium Index has declined towards neutral values recently, implying buying pressure may be running out. Bitcoin Coinbase Premium Index Has Gone Down Recently An analyst in a CryptoQuant Quicktake post explained that the Coinbase Premium Index has been decreasing recently. The “Coinbase Premium Index” here refers to the percentage difference […]
There's no doubting the BTC price upside, but under the hood, all is not what it seems, one analyst highlights. Bitcoin (BTC) is getting compared to late 2020, but this rally in fact has several major differences which make it “not normal.”According to Pete Humiston, manager of Kraken Intelligence Research, Bitcoin in Q3 2021 is a different beast when compared to Q4 2020.GBTC keeps its steep discountDespite going from $29,000 to $48,000 in just one month, Bitcoin is still not seeing a frenzy of interest and buying. Higher price levels have seen solid support, but there is little evidence....
Data shows the Bitcoin Coinbase Premium Gap has plunged into the negative territory following BTC’s latest high above $98,000. Bitcoin Coinbase Premium Gap Has Just Observed A Plummet As explained by CryptoQuant community analyst Maartunn in a new Quicktake post, the recent positive Coinbase Premium Gap has just disappeared. The “Coinbase Premium Gap” here refers […]