Someone posted a note yesterday showing that Microstrategy is able to borrow money at like 0.86% or something like that. Their access to capital markets allows them to issue debt and buy bitcoin at a pretty cheap rate. That exposure may have a large upside. 

With that said, the Bitcoin maxi would never recommend it, but for my 401k that's tied up, I've done it and had great returns. DYOR 

 the rate is an infinite money glitch in itself; using it to buy bitcoin is just toggling god mode 😭🙏 

 Why would you buy a paper share of an asset you can purchase and store yourself? If you're already a Bitcoiner then I don't see the point of holding any kind of paper shares representing some sort of Bitcoin value. If I were to diversify I'd pick up some gold or silver.  But maybe that's just me.  

 Only reason is 14% apy in btc denominated yield. Not propped up by some kind of defi scamonomics, rather it leverages the inequality of the fiat system and lets the individual take advantage of an opportunity. If MSTR borrows at a rate of 0.86% and I borrow at 33%, they have an extremely unfair advantage to leverage debt and stack more sats. 

It’s got me wondering if I’m leaving sats on the table by only stacking spot. 

I’m in no rush, I like to be 100% on decisions before I take action. Maybe it’ll be something I do during the next bear, but if I did that I’d probably want to be back 100% spot btc by the following bear. 

Seems like no matter the case I’m going to want to end with all my exposure in self custody, which ultimately might be my reason for not doing it in the first place 🤷‍♂️ 

 Its definitely not diversifying, but the prime reason would be that your can own mstr in your tax-advantageous retirement account. If you expect to use the conspiracy fiat system at all, then having some proportion of your gains within that system and not having to explain them to the tax-man could be useful.