MicroStrategy Didn’t Adopt Bitcoin — Bitcoin Swallowed MicroStrategy
TL;DR
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Physique Snatchers (1993):
A teenage lady and her father uncover alien clones are changing people on a distant U.S. navy base in Alabama.
Physique Snatchers (2024):
A 59 year old man and his software company uncover Bitcoin, which then swallows his complete enterprise mannequin, in a remote town in Virginia.
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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 a substitute of “purchase $MSTR to realize publicity to the income of its software program enterprise.”
Simply have a look at the correlation between $MSTR’s inventory value, and Bitcoin:
