13 Stocks That Crossed Jim Cramer’s Radar 

3. Strategy Incorporated (NASDAQ:MSTR)

Number of Hedge Fund Holders In Q2 2025: 45

Strategy Incorporated (NASDAQ:MSTR) has popped up on Cramer’s radar as Bitcoin struggles in a market driven by risk-off sentiment. Mid-November has seen Bitcoin price drop not only below the $100,000 level but also below $90,000. In his previous comments about Strategy Incorporated (NASDAQ:MSTR), Cramer has called the firm a “proxy” for Bitcoin, and recently, as Bitcoin comes under pressure, he has called the firm’s CEO, Michael Saylor, “Houdini.” In this appearance, Cramer appeared wary of Strategy Incorporated (NASDAQ:MSTR) but added that, like Houdini, Saylor often surprises everyone with his decisions. Strategy Incorporated (NASDAQ:MSTR)’s shares are down by 37% over the past month, and here is what Cramer said about the firm:

“And I’ve got to tell you, once again, I am very concerned about OpenAI but I think Strategy is disconcerting. . .Saylor. I mean, come sail away, come sail away. Now he always pulls a rabbit out of the hat. He’s a little Houdini like, but in the end, Houdini, that last trick. . .it was unfair. But he’ll put it out again because that’s what he does. Because he [inaudible] of Bitcoin. . .they are about as blue chip as you get in that world.

“Oh my god there’s like 20 different companies levered to what this man does. And what he does is he comes on and he is not a pied piper, he is regarded as he should be, very serious player in Bitcoin.”

In an appearance in July, the CNBC TV host discussed Strategy Incorporated (NASDAQ:MSTR) in the context of “parlays”:

“It can be Oklo, it can be any part of the PARCs. It could be even Strategy, the old MicroStrategy, or any of the SPACs that are being created purely to buy crypto… These same people will buy… anything crypto, including SPACs that buy crypto. Why these? Well, maybe the better question is, well, why not? If you’re an individual investor, you don’t have much information about how stocks work longer term. It’s pretty easy to play this game, and it is a game.

We know there are parlays in gambling where you have to pick two or more events, and all have to be correct for you to win. The payouts can be big if your parlay hits, but if any bet loses, you lose the whole thing. These are pretty similar, except you tend to win all three. In many ways, gambling on PARC is a much fairer, better game, but it is a game nonetheless.”