Is MSTR Trading Like a Bargain RN... $60B BTC for $45-48B Market Cap?

As of the latest update (Jan 5, 2026), Strategy holds 673,783 BTC. With Bitcoin sitting around $90,600 today, that's roughly $61 BILLION in Bitcoin treasury value alone (closed Jan 9 at $157.33/share, market cap around $45.5B on most trackers). the math: We're getting $61B worth of Bitcoin for a $45-48B valuation. That's a 20-25%+ discount to fair NAV, something that almost NEVER happens with MSTR. Historically it trades at massive premiums (50-100%+) because of Saylor's leverage genius, future acquisition potential, and the "Bitcoin yield" play. But right now? After the recent volatility, unrealized loss noise, and all the MSCI FUD, the market seems like the biggest bargain in years. MSCI backed off full delisting and confirmed retention (with some new share caps), which removed the forced-selling overhang and sparked relief pump last week. Yet the stock still hasn't fully repriced the true value. Add in the fact they just stacked another 1,286 BTC early Jan, boosted cash reserves to $2.25B, probably ready for more buys, this discount won't last once BTC pushes back toward $100k+. This feels like a good entry point. Does this add up? Think we'll see premium flip back hard on the next leg up?