Exactly. When MNav is below 1, you are effectively buying Bitcoin below spot value. If a sovereign wealth fund like the Saudis wanted BTC exposure, it would be more logical to gain it via Strategy rather than buying Bitcoin directly 🙉
Exactly. When MNav is below 1, you are effectively buying Bitcoin below spot value. If a sovereign wealth fund like the Saudis wanted BTC exposure, it would be more logical to gain it via Strategy rather than buying Bitcoin directly 🙉
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