The proof of the pudding is in the eating

MicroStrategy (Nasdaq: MSTR) is the only listed company I know of that has a Levered Long Bitcoin Hybrid Strategy. Its main goal is to grow its enterprise analytics business and acquire and hold bitcoin as a treasury reserve for the long term. The company is also in the initial stage of exploring innovative Lightning applications for cybersecurity to help customers monetize websites and deploy wallets in mass using Bitcoin. Since MicroStrategy adopted its bitcoin strategy, its stock has outperformed all of the major asset classes that it benchmarks against. It has outperformed most big tech stocks and enterprise software stocks too. Will its performance last? It’s anyone’s guess! But, some of the observations made by Management during the Q4 2022 earnings call, are worth sharing.