You don't understand the finiancial money glitch that Saylor is implementing In order to finance the purchase of more btc.
very simply - acquire more btc that adds to the value of the stock price. This turns a 75 volatility asset (btc) into a 100 volatility asset (Mstr). this increases premiums on options contracts that the company collect. Then uses to fund more purchases of btc.
in doing this Saylor has engineered a self-reinforcing loop where volatility from their Bitcoin holdings increases stock volatility, options demand, and low-cost financing - allowing them to cheaply acquire even more Bitcoin
Also why would you get a Btc ETF? They have fees! MSTR doesn't and is a much better proxie (imho)
MicroStrategy Stock: Is Michael Saylor’s Selling Spree a Red Flag for Investors?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
