I don't disagree. The possible issues I see are regulatory. What if they do need to pay taxes on unrealized gains (and tax rates can go much higher) ? What if the SEC says "no more new share authorizations"? What if Indexes change their rules? What if Saylor becomes ill or dies?

I think SMLR will have better yield, and MARA has a better MNAV, so, I'm in those too, but much smaller positions.

Thanks for your thoughts.