While US spot bitcoin ETFs may shrink the premium at which MicroStrategy stock trades relative to BTC, the company’s shares are set to continue offering certain advantages over such funds, some industry watchers say.
Some investors have historically used the shares of business intelligence firm MicroStrategy as a sort of proxy for BTC given the company’s large stack of the asset.
MicroStrategy is the largest publicly traded holder of bitcoin — with holdings totaling 189,150 BTC, as of Dec. 26.
But the milestone launch of spot bitcoin ETFs last week gives investors a new access point to more easily gain BTC exposure.
Read more: MicroStrategy stock has advantages over planned…
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