If $MSTR is earning $26 per share, why would anyone pay $1600 per share for it?

As a stockholder you are not entitled to its bitcoin stash if $MSTR stock shits the bed.

ELI5 πŸ€”

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You are paying for equity in a company that will carry out the most aggressive speculative attack against the dollar with an insane depth of liquidity. Not saying it’s a good investment, but that’s the value prop.