Is Strategy just a Bitcoin Treasury company? $MSTR Mainstream media and Wall Street continue to mislabel MicroStrategy (MSTR) as a mere Bitcoin treasury whose sole role is to own Bitcoin, overlooking its far more disruptive strategy. In reality, MSTR actively leverages Bitcoin as pristine, transparent capital to build a new generation of digital credit products that challenge the dominance of incumbent financial institutions. By treating Bitcoin not as a passive asset but as productive collateral, MicroStrategy creates innovative financial instruments, such as Bitcoin-backed credit securities and variable-yield offerings, that unlock stranded capital and provide alternatives to the often subpar products historically supplied by Wall Street. This willingness to deploy capital in a more transparent and efficient form directly threatens the established monopoly of legacy finance, which has thrived on complexity, opacity, and rent-seeking practices. It is precisely this disruptive approach to capital formation and product innovation that invites skepticism and hostility from the MSM and traditional financial actors, much as Tesla did when it challenged entrenched automotive incumbents. MicroStrategy’s true threat lies in demonstrating that digital-native finance is possible at scale, rendering outdated models less relevant, and that’s why persistent mischaracterization from Wall Street and the media is both unsurprising and revealing. Ignore the noise and do your own research.