Is MicroStrategy’s Bitcoin Flywheel Facing Its First Real Stress Test?
MicroStrategy’s premium has broken from Bitcoin for the first time. With DATs and ETFs rising, Saylor’s Bitcoin flywheel faces its toughest test yet.
Norges Bank Investment Management (NBIM), the world’s largest sovereign wealth fund, increased its Bitcoin exposure to 11,400 BTC in Q2 2025 — an 83% jump through MicroStrategy and Metaplanet shares.
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