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MicroStrategy beat Q3 net income by $2.8B, but the premium over its Bitcoin holdings has fallen to 1.3×

MicroStrategy's premium over its Bitcoin holdings has fallen again, even after the company reported a $2.8 billion net income beat for the third quarter, according to data from Bloomberg. The company's valuation has been heavily tied to the size and market value of its Bitcoin treasury since 2020, but it now trades at roughly 1.3× [...]

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