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re: Anyone buying MicroStrategy Inc (MSTR)?
Posted on 11/30/20 at 11:31 am to TigerTatorTots
Posted on 11/30/20 at 11:31 am to TigerTatorTots
I know people trading it but don't participate in euphoric stock stories. It's trading at 7x it's holdings in BTC. Not sure if that means anything but seems like a rich premium for long term holdings. Isn't it just better to hold the underlying BTC if you're looking for exposure like that? What's the story here?
Edit: Nice call though back in September
Edit: Nice call though back in September
This post was edited on 11/30/20 at 11:32 am
1
Posted on 11/30/20 at 12:45 pm to wutangfinancial
quote:100% yes. However, some people don't feel like creating new accounts on crypto exchanges or want to deal with holding coins. MSTR can be considered somewhat like a BTC ETF at this point, albeit you do pay a premium for the BTC it holds. Still though, MSTR, outside of bitcoin, is a company that produces annual revenues so it isn't all BTC.
Isn't it just better to hold the underlying BTC if you're looking for exposure like that?
This post was edited on 11/30/20 at 12:50 pm
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