179 sats \ 7 replies \ @siggy47 8 Aug 2023 \ on: If you had to invest all your money into one public tech company for 10 years… tech
microstrategy
yeah i think microstrategy will do well, but i wonder if we’ll see another company with a lot of cash on their balance sheet do even better on a per-share basis by taking the same approach as saylor…
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Amazon will likely do well during that time frame. I wonder if they'll buy btc with all that cashflow?
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Other companies may do better on a per share basis in terms of allocating cash flow to their BTC treasury holdings, but Microstrategy may still be the much better buy in terms of a sum of the parts valuation, ie how much are you paying for each share of their BTC holdings vs. each share of the actual operating company. Not too long ago I believe you could have essentially owned shares in the operating company for free, but I haven’t looked into it in a while.
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Quite possibly. But the neat thing is that if other companies start doing this, bitcoin moons and MSTR gets dragged up with it.
I feel similarly about the spot ETFs. In one way ETFs detract from MSTRs investment proposition as Bitcoin exposure, but in another way they compliment it by increasing bitcoin demand (and hence the price of MSTRs BTC treasury).
In my mind the only thing that matters is if MSTR can hold onto their stack. They really just have to sit and wait for the rest of the market to play catch-up with the BTC play.
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Pretty much. For my tax sheltered accounts I cannot purchase Bitcoin directly (Bitcoin derivatives are banned in the UK), so I'm limited to Bitcoin-adjacent stocks. My Bitcoin-related allocation is 50/50 between MSTR and the larger miners.
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Same here
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