"Strategy stock undervalued…possibility of S&P500 inclusion next month remains"

JOON HYOUNG LEE

Summary

Crypto analytics firm Matrixport said Strategy's stock is undervalued at its current level.
Matrixport said there still remains the possibility of S&P500 inclusion this December.
Strategy emphasized that the recent Bitcoin price decline does not appear to be a short-term risk.

An analysis said that despite the recent crypto bear market, the stock of Strategy, the world's largest Bitcoin (BTC) treasury company, is undervalued.

Crypto analytics firm Matrixport said on the 19th (local time) via its official X account, "Strategy's stock has fallen from an all-time high of $474 to the current $207," and (however) "compared to Bitcoin's price, Strategy's stock appears relatively undervalued," it said. Matrixport added, "(Strategy) still has the possibility of being included in the S&P500 this December."

It emphasized that it does not see the recent Bitcoin price decline as a short-term risk to Strategy. Strategy said, "Strategy raised most of its capital when its stock price was near its all-time high," and "the ones actually under pressure are investors who bought the stock at an excessively high net asset value (NAV) and thus bore the full impact of NAV shrinkage."

BTC