Understandable, and there will be those critics that will say that MSTR is a "shitcoin" because "Why is Chad Saylor not doing stock buy-backs, but he's instead he's selling MSTR to buy Bitcoin"?
Those people don't understand that buying Bitcoin for MicroStrategy's vaults INCREASES the value of MSTR for the owners of MSTR stock. Increasing value for the holders of the stock is also in fact Michael Sayor's DUTY as the executve chairman.
Those people don't understand that buying Bitcoin for MicroStrategy's vaults INCREASES the value of MSTR for the owners of MSTR stock. Increasing value for the holders of the stock is also in fact Michael Sayor's DUTY as the executve chairman.
You didn’t get my point I am afraid. If I was a MSTR investor, I would dump my MSTR shares the moment I heard Michael’s decision on buying btc. Like I said, MSTR is a software company. I don’t exactly know what kind of software company it is but I know that they should be making their money from making apps. Any other income they make will not be coming from their main business activity which is making apps.
TSLA is doing the same thing and it is concerning.
If they (TSLA and MSTR) want to be an investment company, they should either convert their company to an investment company or they should start another.
If I was a shareholder of KO, I would want my company to sell lots of soda and some junk food would be fine too. That's their job. They shouldn't be doing something else.
It is a bad sign for a business, it means they can't generate enough money from their main activities.