People looking for proxies to holding their keys may start to realize that MSTR NAV (net asset value) is much worse than the ETF. The business side of MSTR is not really growing. All the stock appreciation came from its BTC treasury. I see it more as an inflated ETF than a growth stock. Saylor's strategy was brilliant, but I think it will slow down as people seek a better price above NAV which the ETFs offer.