MicroStrategy's stock performance so far this year still outperforms Bitcoin

According to Golden Finance, MicroStrategy (MSTR) has recently seen a pullback in its stock price, currently trading at around $1,240 per share, down 35% from its recent high of nearly $2,000. This decline is consistent with Bitcoin's 8% pullback over the same period. Despite the recent economic downturn, MicroStrategy's stock performance so far this year still outperforms Bitcoin, with MSTR up 84%, while BTC is up 44%. Data from the MSTR tracker shows that the "MSTR/BTC ratio" chart peaked at about 0.028, similar to its high point in 2021 but has since fallen to 0.02. In addition, the "Net Asset Value Premium" chart created by MSTR-tracker shows that MicroStrategy's stock premium relative to its Net Asset Value (NAV) based on Bitcoin has dropped from about 2.3 to 1.4 indicating a market devaluation of MicroStrategy.