“This re-expansion has been a bit of a pleasant surprise to us despite more competition from ETFs,” the authors wrote, adding that the premium does make some sense as MicroStrategy’s bitcoin acquisition strategy of “only buying BTC when its stock trades at a relative premium to its HODL,” has been accretive.
State of Wisconsin Buys Nearly $100M Worth of BlackRock Spot Bitcoin ETF (IBIT)
The investment board, also known as SWIB, was founded in 1951 and currently manages more than $156 billion in assets,...