Part 4/11:
Currently, MicroStrategy boasts a market valuation of approximately $95 billion, despite revenues around $100 million. This staggering valuation is primarily justified by its Bitcoin holdings—about $68 billion worth, equating to roughly 68,000 Bitcoins valued at $110,000 each. Based on these holdings, the company's stock price implies a Bitcoin book value of about $241 per share, while the current stock trades at roughly $334, representing a 38% premium.