The Interchange: MicroStrategy's first mover advantage into bitcoin as corporate treasury is already demonstrating eye-watering results

I continue to be enamored with everything that is MicroStrategy's historic "indefinite Bitcoin Treasury Reserve Policy." A policy that states the company will continue to purchase additional bitcoin (currently have ~38K BTC) as the firm generates cash beyond what is needed to run the business on a day-to-day basis (what they have determined to be ~$50 million).

For long time shareholders in MicroStrategy, what's not to love? Since the company announced it had purchased, at the time, nearly $250 million worth of bitcoin (Aug 11) the stock has risen nearly 80% (vs bitcoin's 50% rise) and has pushed the value of the company to 5-year highs.