MicroStrategy: Better Than A Bitcoin ETF

Victor Dergunov
Investing Group Leader

Summary

  • MicroStrategy's stock dropped 33% due to the approval of Bitcoin ETFs, causing a sell off in Bitcoin-related stocks.
  • MicroStrategy owns a significant number of Bitcoins, making it an attractive proxy for Bitcoin despite its low market cap.
  • Technical and fundamental indicators suggest that MicroStrategy's stock is undervalued and oversold, presenting a buying opportunity.
  • This idea was discussed in more depth with members of my private investing community, The Financial Prophet. Learn More »

Bitcoin Concept With Binary Codes

Eoneren

MicroStrategy (NASDAQ:MSTR) stock got decimated recently, dropping by 33% from its recent high. The sell off came as the SEC approved 11 spot Bitcoin ETFs (BTC-USD) for trade in U.S. markets. The argument for selling and even

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This article was written by

Victor Dergunov
51.87K Followers

Hi, I’m Victor Dergunov, MBA, and I’ve been an active investor for over 20 years. My passion for investing started early, and I’ve spent two decades honing strategies that consistently deliver results. Whether it's tech giants like Apple and Tesla or opportunities in commodities and crypto, I provide diversified insights to help you succeed. Join me, and let’s take your investing to the next level.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MSTR, TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am long a diversified portfolio with hedges.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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