Based on U.Today, Blockstream CEO Adam Back believes that MicroStrategy (MSTR) stock remains 'stupidly cheap' despite a 488% increase year-to-date. Back argues that the stock is undervalued relative to its Bitcoin holdings and offers a low-risk investment opportunity compared to more complex financial products like 2x ETFs, which can lose value during sideways trading. He also dismisses Bitcoin calls due to the risk of them expiring worthless if mistimed. Unlike Bitcoin ETFs, MicroStrategy provides leveraged exposure to Bitcoin without suffering from compounding decay issues, making it a balanced option according to Back. The Virginia-based firm's shares rose nearly 12% on Friday.
Adam Back Views MicroStrategy Stock as Undervalued Despite 488% YTD Rise
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