@Rsync25 posted about LQWD in the below article a couple days ago, and I wanted to flag it after today's gains. LQWD provides liquidity services for the Bitcoin Lightning Network and holds an incredibly high amount of BTC relative to its share price compared to anything I've seen in the market (outside of ETFs). On Friday, they increased their BTC holdings to 808 Satoshis per share. On Friday, BTC prices were around $66.5k, making the dollar value of the BTC holdings about 54 cents USD per share. In comparison, shares were trading at 64 cents USD (NAV premium of ~1.2x). Today, the stock closed at 88 cents per share when BTC was at roughly $69.5k (~56 cents per share, NAV premium of 1.57x).
In contrast, Microstrategy (Microstrategy) is sitting at a NAV premium of ~2.9x as I type this (https://www.mstr-tracker.com/. Expect it will trade higher because of size, risk, brand, etc., but still quite the gap, especially compared to the share prices earlier in the day yesterday.
In what proportion do you think the market shift was based on relatively low NAV premium vs. BTC bull signals today vs. bullishness on lightning vs. other aspects of this company? I would be interested to get your thoughts on BTC asset holdings, this stock, and anything else related to this thread. Personally, this caught my interest when I saw the shares were virtually fully collateralized with BTC. [This is not financial advice]