Was Jim Cramer Right About These 10 Stocks?

6. Strategy Incorporated (NASDAQ:MSTR)

Number of Hedge Fund Holders: 44

A caller who had lost money on Strategy Incorporated (NASDAQ:MSTR) back then after buying at a much higher price asked for advice. Cramer was blunt about the company’s exposure to Bitcoin:

“All this company really is — just to be clear — it trades off of Bitcoin, because Michael Saylor, who runs the company, he just buys Bitcoin. And I think that that’s what happened — it’s accentuated Bitcoin. I always tell people — if you want Bitcoin, don’t buy MicroStrategy, buy Bitcoin. And that’s what I think you are in, and that’s what I think you should do.”

That advice missed a rocket ship, as the stock soared 238.38%.

Strategy Incorporated (NASDAQ:MSTR) is a business intelligence software company that has become known for holding large amounts of Bitcoin as part of its corporate treasury strategy. In response to a caller’s question in April, Cramer remains firm in his opinion, saying:

“Oh… No, no. Look, we like Bitcoin. We actually buy Bitcoin. That’s what we do. We want Bitcoin. We buy Bitcoin.”