This Venture recommendation highlights a once hugely popular stock, which fell by 90% before the turn. Yet, unlike other stocks that collapsed after the 2021 bubble, this one has delivered higher revenues and cash flow, while embracing AI.
It should be noted that MSTR’s risk relates to the premium or mNAV, and not the credit risk. The latter would only kick in if the price of Bitcoin truly collapsed from here.
Not only does Malaysia have a lower cost of borrowing than the UK, its currency, the Ringgit (MYR), has beaten the pound since the Asia crisis in 1997/8.
In November, BOLD fell by 3.6%, while Bitcoin returned -16.5%, Gold +5.9%, and global equities +0.3%, in USD terms. This has been a severe correction, yet Gold’s gains have softened the fall for BOLD.
We’ve picked up the pace in November as the market conditions are favourable for quality to outperform. Now is the time to buy quality.
Our tenth ByteTree Quality stock has centuries of heritage, and yet it is at the vanguard of the future of pharma.
