Direct Bitcoin vs MicroStrategy: Different Categories BTC is a conviction investment (one bet, buy and forget). MSTR is a trading instrument (two bets, requires timing). The asymmetry at low mNAV is attractive — but only if you trade it.
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Direct Bitcoin vs MicroStrategy: Different Categories BTC is a conviction investment (one bet, buy and forget). MSTR is a trading instrument (two bets, requires timing). The asymmetry at low mNAV is attractive — but only if you trade it.