Strategic stocks struggle to catch up with Bitcoin’s soar as valuation debate intensifies

Although Bitcoin price rose to a new high above $124,000, MicroStrategy (MSTR) shares were underperforming, trading at nearly $325 after hitting a peak of $543. Analysts disagree on this: Some believe the stock price is 50% discounted to fair value, while others believe there is risks in competition with leverage exposure and Bitcoin ETFs. The stock's premium relative to Bitcoin holdings has shrunk from 300% to about 40%, and options have become a hedge tool in a high volatility environment.