MSTR is simply acquiring Bitcoin in the same way nation states hoard gold. End of story. (Caveat: Bitcoin is better than gold).
Discussion
Correct that's not the argument. Why would you purchase bitcoin 2x-3x the market price of bitcoin?
What is Microstrategy doing as a business that makes their bitcoin worth 2x more?
Hint: they are doing nothing, we just have simps that watched a few YouTube videos
Called the NAV top a month ago and the bag holders/exit liquidity just can't part with their positions. The only winners here are the convert bond buyers; none of which are here.