Totally — it looked exciting at first, but the more you think about it, the messier it gets.
Is it genius or just one guy going full degen with shareholder money? What happens if BTC tanks? What if the board wasn’t even fully on board? And yeah, treating a software company like a Bitcoin ETF feels... off.
It’s bold, sure. But bold can crash hard too.
MSTR Company has become known as the best company in the world through Bitcoin holding, Michael Saylor raised money to collect Bitcoin by selling his company shares. Shareholders are buying their company shares after seeing MicroStrategy Company's aggressive Bitcoin holding, if shareholders did not believe, they would never have bought Microstrategy Company shares.
Bitcoin will survive in the future and MSTR Company will be financially successful in Bitcoin holding, for this reason, various large shareholders are buying the company shares and helping Michael Saylor buy and hold Bitcoin.
Microstrategy's Bitcoin holdings show that different countries and companies are holding Bitcoin, Microstrategy's Bitcoin purchase is a strong signal for other countries and companies.
A big proof of that is that Pakistan's Bilal bin Shakib and Aurangzeb had a conversation about Michael Saylor's Bitcoin holdings last Sunday, where Pakistan asked Michael Saylor for help in holding Bitcoin.