Decoding the Mystery of Micro Strategy Premium: Leverage, Volatility, and the Alchemy of Bitcoin "by Patrick Bush; Matthew Sigel compiled the blockchain Aki by Wu Shuo. MicroStrategy (MSTR) has built a highly leveraged, recursive Bitcoin holding mechanism by continuously raising funds to buy Bitcoin. Its stock price premium comes from market expectations of increasing its holdings of BTC, compliance substitution advantages, and speculative funds attracted by high volatility.