The relative position premium of Strategy MSTR has fallen below 1, and Bloomberg reports that the trade is unraveling.
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According to Odaily, BitcoinTreasuries.NET stated on X that Bloomberg reports fewer people are willing to pay the high premium for Strategy MSTR as they did before due to the decline in Bitcoin. The premium of Strategy MSTR relative to its holdings once reached 200%, but has now fallen below 1, indicating that this trade is unwinding.
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