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MicroStrategy Didn’t Adopt Bitcoin — Bitcoin Swallowed MicroStrategy

February 25, 2024
in Web3
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TL;DR

Full Story

Physique Snatchers (1993):

A teenage woman and her father uncover alien clones are changing people on a distant U.S. army base in Alabama.

Physique Snatchers (2024):

A 59 yr previous man and his software program firm uncover Bitcoin, which then swallows his whole enterprise mannequin, in a distant city in Virginia.

…

MicroStrategy ($MSTR) is in a bizarre spot.

Positive, it’s technically a software program firm — however a big portion of its market cap is because of the truth that it owns ~190,000 Bitcoin (~$9.74B).

A lot in order that the narrative across the inventory is “purchase $MSTR to get publicity to Bitcoin” — as an alternative of “purchase $MSTR to realize publicity to the income of its software program enterprise.”

Simply take a look at the correlation between $MSTR’s inventory worth, and Bitcoin:



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Tags: AdoptBitcoinDidntMicroStrategySwallowed
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