LookI’m late for the party.
I remember covering the news of MicroStrategy’s first bitcoin purchase, and I’ve watched the stock rise from $14 to $400 per share. All that time, I didn’t buy.
YetThis is the past Friday, for the first time since 2018, I bought stocks — specifically MicroStrategy (MSTR) and a couple other companies also holding bitcoin on their balance sheets. It was something I never thought I’d do again.
In In 2018, when bitcoin’s price dropped to $3,000, I bought all of my stock for bitcoin. I haven’t purchased anything else since.
That Changed this week. This thread was very interesting. Jeremy GarciaFounding CEO and Chairman of Satoshi's Journal, and he was summarizing MicroStrategy’s Q3 2024 earnings call from earlier this year. It The experience has led me to some new insights.
FirstIf bitcoin will reach a value of hundreds of millions, it is a good idea to invest in a company which currently holds 446.400 BTC and is actively trading on the Nasdaq 100 Index, and has the future potential of joining the S&P 500.
According to MicroStrategy, the company’s strategic Bitcoin reserve strategy could make it one of, if no more, the most valuable companies in the world. MicroStrategy will continue to purchase bitcoin. Michael Saylor himself.
If MicroStrategy is to become the world's most valuable company, then their stock price today would be extremely undervalued to what it would be at that point in the future. Why wouldn’t I buy some? Why not? Sure MSTR outperformed Bitcoin, even though my bitcoin performed exceptionally well.
I know I could just buy spot bitcoin, and maybe that’s the safest play to make. But I’ve also been accumulating bitcoin for a long time, and am interested in allocating some capital to buy shares in companies also betting on bitcoin’s future success.
I would be earning more fiat that I could then take and buy more bitcoin (if the stocks outperform BTC) but even if they don’t, it gives me the opportunity to take profit and use it for life expenses.
Another What if I make a mistake and end up losing my bitcoins due to my own error?
I’ll admit, I have anxiety knowing that even though I have thought out my bitcoin custody, and taken the necessary steps to properly secure my coins, something could still go wrong.
In This way, having other assets as a backup is positive.
Look, I’m bullish on bitcoin. And If Bitcoin succeeds, then I also think that companies, people, and nations who use it, will succeed.
My passion for winning is contagious and I want to learn more about other companies who are winning. If I am wrong on these bets then so be it, it’s only a small allocation to my overall portfolio. But The potential reward is well worth the risk and time, I believe.
None of this is financial advice, I’m just sharing my thoughts on what I’m doing as a Bitcoiner. For now, that means I’m buying MSTR.
This Article is an Take. Opinions expressed are entirely the authYou can also find out more about's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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