^

I fully understand that they see a company as a better option than the raw "superior" bitcoin that we would choose.

Some people are the commodity types while others prefer securities. Most of the Wall Street folk is 99% security-oriented and they just don't waste time trying gold or some scary digital assets. Why scary? Because they're not used to a situation where losing a phone means -$1m. They don't want that responsibility.
They see Saylor pumping the company into S$P 500 and they know if he gets there that means billions of inflows into MSTR stock. This is a blind buy if you just take a look at the capitalization chart.

If he gets into the S&P it might actually be one of the biggest price catalysts in the last 10 years, right after the decision to allow spot ETFs.