Bitcoin effectively traded at 77k USD today!

Bitcoin has already been priced at 77k USD today.. Microstrategy is a 2 billion USD software company that now owns 5.8B worth of BTC so in theory its market cap is 7.8 billion USD. However it trades at a market cap of 11.8 billion. Institutions have been buying MSTR stock as a proxy for BTC since regulations do not allow them to buy it easily. This means BTC is undervalued or MSTR is over-valued. Or both. So if we price BTC according to the premium built into the MSTR stock price then BTC is worth much more than its current price of 46k. This means that BTC is actually currently worth about 77k. By extension ETH is actually worth perhaps 3k today.