No, just a stock that people think should have value because of their assets. It makes absolutely zero sense.

MSTR holds roughly 75B in Bitcoin and about 100M in profit, no growth. Has no cash, soist take on debt to dilute the stock and come up with nonsensical preferred shares andore debt to buy more BTC.

MSFT has over 80B in cash. Mostly interest paying treasuries. Has 170B in net income, and is growing by 15% like clockwork. Microsoft could buy carefully damn near the entire amount of Bitcoin that MSTR holds in the next 2 years just on profits and cash. No new debt.

One is up insanely is not. Just silly.

Same with meta, apple and alphabet.