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It’s no surprise that Microstrategy (MSTR) and Bitcoin are pretty much in lockstep since MSTR has essentially changed from a software company into a giant Bitcoin holding trust.
The surging interest in crypto has done great things for both Microstrategy’s stock price as well as its daily trading volume.
I’m confused about what the obsession is with MSTR in particular, however. My understanding is that a person wanting to buy Bitcoin should either, ya know, buy Bitcoin or at least an ETF. Microstrategy, from all accounts, is sporting a very rich premium to the price of its underlying asset. Just sayin’.
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