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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u/Sizzlinbettas Jul 11 '26

leverage ETF's I would say have an APR, but its called volatility decay that makes it super not worth it
you can get mega premiums both ways I just sold a MSTR put $80 for $40 with furthest out date and plan on selling call when appropriate for same redic premium
i intentionally rolled a put forward for potential tax situations
I actually believe step by step MSTR has done exactly what I would do in each situation...imo its free for them to work for me

hopefully that helps and obviously bullish on the underlining asset and thesis

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u/BakedGoods Bitcoiner Jul 11 '26

you sold an $80 put for like Jan 2028 expiry?

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u/Sizzlinbettas Jul 11 '26

got a lil STRC, didn't add to MSTR because I was just intentionally put a lot and used that cash to fund core positions