Each share of Microstrategy is worth 267.66 USD, while the Bitcoin they hold are worth 320.98 USD.
This is a hefty 20% discount.
In my opinion, if we pay attention to the discount on the market price of Microstrategy's stock, I think it has a cause and effect as well where the level of market concern related to regulatory issues or security breaches can contribute to the price of Microstrategy's shares.