The news this week was telling. The likes of Bank of America can’t easily sign off direct Bitcoin holdings, but they can buy MSTR in a heartbeat. Similarly I hold some MSTR in a UK pension pot, with little other option within that medium (that I can see) for Bitcoin exposure.

I suspect MSTR will continue to undulate between over and under valued in future, depending on market sentiment and the realistic options out there for lots of different buyers.