X @Bitcoin

Investment Performance Comparison - MSTR's Bitcoin investment shows a paper gain of approximately 47% on a $4733 billion purchase [1] - A similar investment in gold would have yielded a paper gain of about 30%, a relatively small difference [1] Liquidity and Market Impact - Selling $615 billion of gold would likely not affect the market price, allowing for realization of actual gains [1] - Selling $695 billion worth of Bitcoin could crash the market due to volume and impact on the Bitcoin community [1] Risk Assessment - A large Bitcoin sale by MSTR could trigger mass liquidations and erase paper profits, resulting in a significant loss [1] - MSTR would be in a stronger financial position if it had invested in gold instead of Bitcoin [1]