$MicroStrategy(MSTR)$ I would like to temper that optimism with some important factors.

1 MSTR's BTC holdings are already valued at 100k, so if a spike to 100k hits you're not making money.

2 For long term gains the real value in MSTR is in how much more BTC it can buy in the future. With BTC prices going higher and MSTR's ability to raise money limited, I don't believe their BTC holdings will significantly increase.

If you think MSTR can buy say another 100k BTC over the next 10 years, I think it's reasonable to assume BTC stays above $100k over the next years so they'll need a minimum of $10 billion to buy another 100k of coins. I don't think that's possible.

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