Jim Cramer on Strategy Inc: “You Want to Own Bitcoin? Buy Bitcoin”

Strategy Inc (NASDAQ:MSTR) was among the stocks on Jim Cramer’s radar on Mad Money as he discussed the upcoming earnings. Cramer suggested buying Bitcoin instead of the stock, as he said:

There will be plenty of proselytizing when we hear from Strategy that used to be MicroStrategy… The firm run by Michael Saylor is primarily just, he just buys Bitcoin and nothing else. You know what I say? You want to own Bitcoin? Buy Bitcoin.

Bitcoin, mining

Photo by andre-francois-mckenzie on Unsplash

Strategy Inc (NASDAQ:MSTR) provides investors with exposure to Bitcoin through a mix of equity and fixed-income securities. In addition, the company offers AI tools that help businesses understand their data and make better decisions. Cramer showed a similar sentiment toward the stock when a caller asked about it during the April 24 episode. He remarked:

No, no, no, no. We buy the Bitcoin. We don’t need Strategy. That’s too derivative. We just go buy Bitcoin. If we want to have Bitcoin exposure, we buy Bitcoin.

While we acknowledge the risk and potential of MSTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MSTR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.