Why I Capitulated And Began Shopping for MSTR

Look, I do know I’m late to the get together.

I keep in mind overlaying the information of MicroStrategy’s first bitcoin purchase, and I’ve watched the inventory rise from $14 to $400 per share. All that point, I didn’t purchase.

But, this previous Friday, for the primary time since 2018, I purchased shares — particularly MicroStrategy (MSTR) and a pair different firms additionally holding bitcoin on their steadiness sheets. It was one thing I by no means thought I’d do once more.
In 2018, I bought all my shares for extra bitcoin when the worth crashed into the $3,000 vary, and I’ve not bought another asset than bitcoin since then.
That modified this week. I used to be studying this attention-grabbing thread from Jeremy Garcia, founder and CEO of Satoshi’s Journal, and he was summarizing MicroStrategy’s Q3 2024 earnings name from earlier this yr. It made me come to some realizations.

First, if bitcoin goes to reach reaching a worth within the tons of of thousands and thousands and past, then it is smart to get some publicity to an organization that now holds 446,400 BTC, is buying and selling within the Nasdaq 100 Index, and has the long run potential of becoming a member of the S&P 500.

A strategic bitcoin reserve technique has the potential to make MicroStrategy one of the crucial, if not probably the most, worthwhile firm on the planet, and MicroStrategy is just going to proceed to purchase extra bitcoin, in accordance with Michael Saylor himself.

If MicroStrategy is to grow to be the world’s most respected firm, then their inventory worth immediately can be extraordinarily undervalued to what it might be at that time sooner or later. Why wouldn’t I purchase some? I already really feel dumb sufficient for not shopping for any. Positive my bitcoin has carried out extraordinarily properly, however MSTR has outperformed bitcoin.

I do know I might simply purchase spot bitcoin, and perhaps that’s the most secure play to make. However I’ve additionally been accumulating bitcoin for a very long time, and am involved in allocating some capital to purchase shares in firms additionally betting on bitcoin’s future success.

I’d be incomes extra fiat that I might then take and purchase extra bitcoin (if the shares outperform BTC) however even when they don’t, it offers me the chance to take revenue and use it for all times bills.

One other factor behind my thoughts is, what if one thing unexpected occurs sooner or later and I mess up and lose my bitcoin stack attributable to a private error.

I’ll admit, I’ve nervousness realizing that although I’ve thought out my bitcoin custody, and brought the required steps to correctly safe my cash, one thing might nonetheless go incorrect.

On this approach, the considered having another belongings to fall again on simply in case is a optimistic.

Look, I’m bullish on bitcoin. And if bitcoin succeeds then I feel the businesses, people, and international locations adopting it’ll doubtless succeed as properly.

I really like profitable, and wish to get some publicity to firms additionally profitable massive. If I’m incorrect on these bets then so be it, it’s solely a small allocation to my general portfolio. However the potential upside is definitely worth the time and danger I feel.

None of that is monetary recommendation, I’m simply sharing my ideas on what I’m doing as a Bitcoiner. For now, which means I’m shopping for MSTR.

This text is a Take. Opinions expressed are totally the writer’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.