“In fact, nine out of the top 10 publicly listed bitcoin mining companies, ranked by market capitalization, now have less bitcoin per share compared to three years ago. As a bitcoin miner ourselves, Cathedra has also not seen improvement in this aspect. On the contrary, some companies have made a deliberate effort to increase bitcoin per share, with MicroStrategy (NASDAQ: MSTR) being a notable example, and have been rewarded by the stock market,” Cathedra stated.
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