The argument of a receding mnav regarding Stretegys premium since 2020 is nothing short of a fallacy. Even if it were to trend to 1x, the total return still outpaces bitcoins return since the BSE era. I don’t think a lot of people conceptualize the possible premium of a company with a balance sheet such as this.

Tesla commands autonomy and energy, addressing our planet’s critical needs with unrivaled manufacturing precision. Bitcoin, a pristine store of value, transcends economic churn. MSTR, the astute conduit from traditional finance to peer-to-peer systems, is positioned for a substantial premium as adoption accelerates. Carefully calculated to stand the test of time

Diversification is embracing mediocrity by outsourcing your own intellect.