$MSTR rips higher as Strategy posts a $1.3 billion Bitcoin gain and BTC smashes through $77k.

This is a reminder to those who think the crypto proxy trade is dead and MSTR looks like an overleveraged gamble.

This move proves 2 things:

* When Bitcoin moves, the leveraged plays with the biggest treasuries move even harder. Strategy just reported 17,585 BTC of net Bitcoin gain in the first two weeks of April alone, worth roughly $1.3 billion, while adding thousands more coins through stock and preferred share issuance. You do not need traditional software growth anymore. You just need aggressive capital raising and a massive BTC stack.
* Those who control the biggest on-chain positions, access to capital markets, and the narrative around Bitcoin will win. Invest in these leveraged proxies when BTC is breaking out. They're going to be winners no matter what, as long as Bitcoin keeps climbing.

That said, not all Bitcoin-related stocks are the same. If it's a pure high-beta play on BTC price (like MSTR), those will rip when risk-on sentiment returns. If you do not have expertise in timing them, just stick to energy and compute companies. I suggest TSMC and Nvidia as your base investments. They should be a large percentage of your portfolio. Then you can go ahead and gamble on some other crypto proxies that are not as easily diluted and will actually benefit from broader AI and crypto adoption.

I'm a software developer and I personally do not invest in most SaaS companies or random crypto tokens. It's not that I think they'll all be made obsolete (some will evolve). It's just that many will not command crazy valuations anymore since it's cheaper now to build competitors given the right expertise and compute. I invest in compute and energy stocks only, with occasional tactical swings in names like MSTR when the setup is this clean.