I'm wading into controversial waters here.
As a convinced Bitcoin maxi, I’m all about buying sats directly and keeping it secure in cold storage. Yet lately, I’ve noticed a growing trend among Bitcoiners: buying MicroStrategy (MSTR) shares.
MicroStrategy, led by Michael Saylor, as we all know has essentially become a publicly traded Bitcoin holder, using its access to leverage and favorable interest rates to pursue its BTC capital allocation strategy.
So here’s the question: by going the MSTR route, we give up the benefits of self-custody and open ourselves to third-party risks. On the flip side, some argue that investing in MSTR is an alternative way to back hyperbitcoinization, supporting Bitcoin adoption at the corporate level.
What do you think—are MSTR shares an alternative for true maxis, or is this just another fiat-minded, profit-driven approach?