Strategy Incorporated (MSTR): Jim Cramer Shares Rather Cryptic Take About Firm

We recently published 11 Fresh Stocks Jim Cramer Talked About While Discussing AI-Led “American Renaissance”.Strategy Incorporated (NASDAQ:MSTR) is one of the stocks Jim Cramer recently discussed.

Strategy Incorporated (NASDAQ:MSTR) is a firm whose stock is synonymous with Bitcoin price movements. The firm holds more than $60 billion in Bitcoin. As a result, Strategy Incorporated (NASDAQ:MSTR)’s shares have gained 51% year-to-date due to bullishness in the cryptocurrency market and overall positive sentiment surrounding stablecoin legislation. In his previous remarks about the firm, Cramer commented that other companies love the firm because it buys crypto often with borrowed money. His recent remarks were rather cryptic:

“[On Cowen going to $680 and their Bitcoin bull case being 155k by December] Oh I know, I mean someone came to me, and said, hey Jim, we give you a lot of money, would you be the guy who would be the figurehead for our business about, you know one of the coins. I said no, first of all I’m under contract, I was kind of like Jamie [Jamie Dimon JPM CEO], I’m kind of like lukewarm on that. I was like I have a contract and I like my job. And the person came up with something interesting, what does that have to do with it?”

A software engineer wearing a headset, collaborating with a remote team on a project.

Previously, Cramer discussed Strategy Incorporated (NASDAQ:MSTR)’s Bitcoin buying strategy:

“They love Mister, that’s what we used to call it, MSTR, now, MicroStrategy, now Strategy. It fascinates this cohort because it’s a vehicle that buys crypto endlessly, often with borrowed money. Now, a lot of people wish they were MicroStrategy doing the same thing.”

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Disclosure: None. This article is originally published at Insider Monkey.