It’s really dead simple when you think about it in these terms. MSTR is outperforming because they buy and hold the Bitcoin whereas the other two entities sell it. 
Discussion
Buy the options of the company that’s buying the bitcoin is even better
Buying the bitcoin 😱
Buy the company that's stealing the bitcoin
Buy the company that is the bitcoin
Buy #Bitcoin is much more simple
For real. You don’t have to agree with everyone’s principles to make a f*** ton of money and move up 🤷♂️✊🤝
Below the bottom one you should have just:
!!!BUYING THE ACTUAL BITCOIN!!!
Every time I think about buying a home miner, I end up just buying more bitcoin.
Huh? MARA does not sell bitcoin. It’s been buying too…
It just doesn’t have as much as MSTR. But it’s the SECOND largest holder.
All miners sell bitcoin to one degree or another. They have to cover their opex
MARA went full HODL in July, and has been over periods. I just think this meme would be stronger with any other miner. MARA is actively buying bitcoin at more scale than anyone but MSTR. Makes Semler and Metaplanet look like chumps. I would put IREN in the meme personally.
I’m not that familiar with Mara’s financials in particular, but the point stands that miners sell. Mara will likely sell again in the future at some point.
They will probably sell 50% mined in the next bear market, true. But their stack will continue to INCREASE, as it has every month since at least 2020.
My only point is they are probably the worst miner to pick for this meme.