Weird company. Have you looked at what happened in 2000-2002 bear market? The stock price went from $3700 to $4.2
I think I asked you in another thread to point me to the area of the white paper where it spells out how to value bitcoin.
Hopefully it does. As long as equities around the world continue to crash and burn, I think the chances of this may be good even if the Luna/Celseus/3-Arrows contagion is finally controlled.
One could go long GBTC which is trading at a discount to NAV and short MSTR which is leveraged bitcoin. Problem of course is the borrowing costs.