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    Michael Saylor’s MicroStrategy (MSTR) Makes Its Case as Alternative to BTC ETFs

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    “MicroStrategy shares continue to offer investors looking to gain exposure to bitcoin a number of important benefits, in our opinion, relative to spot ETPs,” TD Cowen analyst Lance Vitanza wrote in a note Tuesday. “Even with spot bitcoin ETPs now serving as potential substitutes, a significant premium [on bitcoin] will continue to be justified, we believe.”

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