MicroStrategy Is Buying Train Cars, Block Is Building Railroads

Another day, another step deeper down the financial engineering rabbit hole for MicroStrategy (NASDAQ: MSTR ). The most prolific public investor in Bitcoin ( BTC-USD ) announced this morning that it will redeem ~$1.05B of outstandingAnalyst’s Disclosure: I/we have a beneficial long position in the shares of XYZ, BTC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alph ...