So what other coins do you think are worthy of MSTR to buy, ain't they all shitcoins? There is no shitcoin out there that has a promising future so it will be unwise to trust any of them with your money except with an amount you can afford to lose. Inasmuch as MicroStrategy keeps buying more bitcoins from time to time, i don't see his intention to buy altcoins as a problem. MSTR is a big hodler of bitcoin, they have a huge stash already so if they also want to diversify into some altcoins, it's their choice.
Altcoins worth $5 billion isn't bad, maybe it's an amount they can afford to lose. Anyways, just like i said. it's their choice, perhaps they own bitcoins worth more than $70 billion so if they invest only $5 billion on altcoins i don't think it will be problematic to them.
Yes, it is true, diversifying the portfolio is a good idea. As we know, you should not put all your eggs in one basket.
For me diversification makes sense for already large investors, institutions and/or someone who established their wealth and they are largely trying to preserve their wealth rather than grow it... even though no one is really against growth, yet at some point growth may be less of a focus, even though it still might continue to happen, even with a preservation emphasis (preference).
Personally I don't think diversification exists within cryptocurrency
What's the essence of investing in Bitcoin, Ethereum and solana only when Bitcoin movement dictates the rest
Rather than reducing risk like diversification is expected it's increasing it.
If they plan on diversifying it should be outside the cryptocurrency market
Bitcoin alone is working for them and I see no reason why shitcoins should be added to the equation.
My biased POV.