MSTR vs BTC (Patreon)

MSTR continues to far outperform Bitcoin...

MicroStrategy's stock value is fundamentally backed by their Bitcoin holdings. This creates a powerful flywheel effect:

• The value of their Bitcoin holdings increases

• This drives up their stock price

• The higher stock price enables them to raise more debt

• They use this debt to acquire more Bitcoin

• This further increases their stock value

Some say they now own over 1% of BTC - but per my metrics of never more than 15M BTC - they actually own over 1.5%.

Chart from Ecoinometrics

What will happen when more Treasuries roll in to replicate MSTR - this is the party I am here for