Buying MicroStrategy (MSTR) for your IRA seemed and continues to appear to be an excellent tax-efficient strategy to gain crypto exposure for retirement. The company already has positive cash flows from its business intelligence operations and its slowly converting itself into a Bitcoin ETF as it turns its US dollars into BTC as a reserve asset.
The company recently jumped another 10% as it released news that it is continuing to buy hundreds of millions of dollars of BTC. The company announced it acquired an additional 16,796 BTC recently bringing its total holdings to almost $425 million of BTC. This is significantly considering the small $1.67 billion market cap the company supports after this latest pop.
Posted Using LeoFinance