Unfortunately, I don't think that it's a great idea.

Essentially you are getting the worst of both worlds here. You are now subject to the illiquidity and the regulatory oversight of the fiat economy, whilst still having to cop bitcoin's volatility.

In fact, there is pretty much no way that MSTR is going to trade at NAV because of the investment vehicle structure. Investors would only be able to realise their total investment if the company for whatever reason decides to dump all their coins. Not worth.