$Strategy(MSTR.US) purchased more Bitcoin last weekend, and the value of its Bitcoin holdings now exceeds $31 billion. The company also issued $2.6 billion in convertible senior notes, expected to mature in 2029, with the proceeds to be used to buy more Bitcoin. $31 billion worth of BTC is actually being priced at a $100 billion market cap... Is it really that hard to just set up an ERC or TRC wallet and buy BTC directly?... Should we say institutions are pretty slick or that there's a shorting opportunity? But looking at the recent short squeeze, many got burned. Shorting 496 with 10% position for fun—don't follow me, or you might cry when squeezed.

Personal opinion, not investment advice.