$MSTR Part 1: Have you heard about the company that holds the most Bitcoin in the world?
There's a chance, even a good chance, you've never heard of MicroStrategy – a company that deals with business intelligence (deciphering complex information about customers and business operations).
MicroStrategy is a special story: About two years ago, the company's CEO decided to convert all of the company's cash from dollars to Bitcoin!
Genius or madness? The company's CEO said then: "Our investment in Bitcoin is part of a corporate capital allocation strategy that seeks to maximize its long-term value for shareholders."
MicroStrategy is the company that holds the most Bitcoin in the entire world! 114,042 coins at an average price of $27,000 per coin. (over $7 billion.)
Following it is Tesla, which holds 48,000 Bitcoin coins.
Note: The company has a total of 8.39 million tradable shares, of which 3.15 million shares are short (25%). Since the company moves with Bitcoin, if it makes a strong move, there is a high chance of a powerful short squeeze!
If you are looking for diversified crypto exposure, I would recommend researching companies of this type.
Current price: $797.51. Market cap: $8.2 billion. Risk level: medium. Company name: MicroStrategy.
Continuation and technical analysis in the next post: