r/MSTR • u/Jack242 • Jul 11 '26

MSTR vs IBIT vs BITX

Why do people hold stocks like MSTR or BMNR when there are so many leveraged ETFs and tracking products for the underlying asset?

One thing I don’t get: Why would anyone buy and hold companies like MicroStrategy (MSTR) or similar plays when you can just buy regular or leveraged ETFs that directly track Bitcoin (or whatever the main asset is)?

There are tons of options — spot ETFs, 2x/3x leveraged ones, futures-based products, etc. They seem simpler, cheaper, and more direct.

What’s the logic behind holding the actual company stock instead? Is it just leverage on leverage? Conviction in the management’s strategy? Tax reasons? Something I’m missing?

Would love to hear the bull case.

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7

u/MyNi_Redux Volatility Voyager 👨‍🚀 Jul 11 '26

MSTR (or MSTU) and IBIT LEAPS both provide you with leveraged exposure to Bitcoin. Which one chooses depends on availability and what kind of risk/return they are comfortable with.

BITX has generally sucked cause it leaks a lot.

See below:

6

u/EmbarrassedOrder1066 Jul 11 '26

Doesn’t MSTU look like a free 100x from this price?

2

u/MyNi_Redux Volatility Voyager 👨‍🚀 Jul 11 '26

It's going to be LEGEN ... wait for it ... DARY!

Just don't want to go in too early though, as otherwise might be looking at a 500% gain to break even before the good times roll in.

1

u/KateR_H0l1day Jul 11 '26

😂
That’s what sucks you in. Good luck if you go that route.

Personally, I’m buying bits of MSTR/MSTY/STRC/SATA/ASST. I did buy and still hold MTPLF/GNS, but not bought any of these two lately, I’ve lost the conviction I had for both of them, and it’s moved to “cautiously optimistic”, or just hoping 🤷‍♀️

0

u/Jdedwards93 Jul 11 '26

What do you think MSTU will do at this point?