Death of the Premium: Strategy’s Discount to NAV Breaks the $BTC Buying Machine, Helping $HYPER Soar
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 $1.00 of Bitcoin on the balance sheet. Source: X
This creates a sharp divergence. MSTR shareholders rely on stock issuance premiums, a variable they can’t control. Conversely, on-chain staking offers programmatic yield derived from network activity.
With Bitcoin Hyper ($HYPER) offering immediate staking after TGE (subject to a 7-day vesting period for presale participants), the incentives look much closer to DeFi standards than Wall Street equities. As the discount to NAV makes corporate accumulation harder, the ‘real yield’ in the Bitcoin ecosystem is likely to migrate toward these functional Layer 2s.
Join the Bitcoin Hyper Presale
This article is for informational purposes only and does not constitute financial advice. Cryptocurrencies and presales are high-risk investments. Always perform your own due diligence before investing.
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