Look, I do know I’m late to the celebration.
I keep in mind masking the information of MicroStrategy’s first bitcoin buy, and I’ve watched the inventory rise from $14 to $400 per share. All that point, I didn’t purchase.
But, this previous Friday, for the primary time since 2018, I purchased shares — particularly MicroStrategy (MSTR) and a pair different corporations additionally holding bitcoin on their stability sheets. It was one thing I by no means thought I’d do once more.
In 2018, I bought all my shares for extra bitcoin when the value crashed into the $3,000 vary, and I’ve not bought some other asset than bitcoin since then.
That modified this week. I used to be studying this attention-grabbing thread from Jeremy Garcia, founder and CEO of Satoshi’s Journal, and he was summarizing MicroStrategy’s Q3 2024 earnings name from earlier this yr. It made me come to some realizations.
First, if bitcoin goes to achieve reaching a worth within the tons of of tens of millions and past, then it is sensible to get some publicity to an organization that now holds 446,400 BTC, is buying and selling within the Nasdaq 100 Index, and has the long run potential of becoming a member of the S&P 500.
A strategic bitcoin reserve technique has the potential to make MicroStrategy probably the most, if not probably the most, priceless firm on the earth, and MicroStrategy is just going to proceed to purchase extra bitcoin, in response to Michael Saylor himself.
If MicroStrategy is to change into the world’s most dear firm, then their inventory worth right this moment can be extraordinarily undervalued to what it will be at that time sooner or later. Why wouldn’t I purchase some? I already really feel dumb sufficient for not shopping for any. Certain my bitcoin has carried out extraordinarily effectively, however MSTR has outperformed bitcoin.
I do know I might simply purchase spot bitcoin, and perhaps that’s the most secure play to make. However I’ve additionally been accumulating bitcoin for a very long time, and am thinking about allocating some capital to purchase shares in corporations additionally betting on bitcoin’s future success.
I might be incomes extra fiat that I might then take and purchase extra bitcoin (if the shares outperform BTC) however even when they don’t, it provides me the chance to take revenue and use it for all times bills.
One other factor at the back of my thoughts is, what if one thing unexpected occurs sooner or later and I mess up and lose my bitcoin stack on account of a private error.
I’ll admit, I’ve nervousness figuring out that regardless that I’ve thought out my bitcoin custody, and brought the mandatory steps to correctly safe my cash, one thing might nonetheless go flawed.
On this means, the considered having another belongings to fall again on simply in case is a constructive.
Look, I’m bullish on bitcoin. And if bitcoin succeeds then I believe the businesses, people, and international locations adopting it’ll doubtless succeed as effectively.
I really like successful, and wish to get some publicity to corporations additionally successful huge. If I’m flawed on these bets then so be it, it’s solely a small allocation to my general portfolio. However the potential upside is definitely worth the time and threat I believe.
None of that is monetary recommendation, I’m simply sharing my ideas on what I’m doing as a Bitcoiner. For now, which means I’m shopping for MSTR.
This text is a Take. Opinions expressed are fully the creator’s and don’t essentially replicate these of BTC Inc or Bitcoin Journal.
