Is MicroStrategy's Bitcoin Bet Genius or Risky? 🤔

Adam Back says MicroStrategy's strategy of loading up on Bitcoin is paying off big time 🚀. He believes the stock's premium is justified because the company is rapidly increasing its Bitcoin holdings per share, making it less risky for investors.

Back estimates MicroStrategy doubles its Bitcoin per share in roughly 16-18 months! If this keeps up, investors could see the stock price align with the value of its Bitcoin stash soon.

MicroStrategy currently holds a massive 592,100 Bitcoin, worth around $60.89 billion 💥. While the stock has dipped recently, Back emphasizes evaluating the premium's reasonableness when investing in Bitcoin treasury companies. He also mentioned Metaplanet, another company with a similar strategy, noting its mNAV volatility.

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