Jim Cramer’s Best Performers List: Top 10 Stocks

8. MicroStrategy Incorporated (NASDAQ:MSTR)

Cramer mentioned that many companies have tried to copy MicroStrategy Incorporated (NASDAQ:MSTR) but advised his viewers to go for the stock and not the imitators.

“Next, if the president wants to do a strategic Bitcoin reserve, he might as well buy stock in MicroStrategy, which owns 252,220 Bitcoin at the end of September… This was another company that seemed cockeyed because… it was known as a business intelligence software company. There are many other smaller companies that have tried to mimic MicroStrategy’s pivot but why own a pretender when you can own the real thing, the one that’s up nearly 419% for the year.”

MicroStrategy (NASDAQ:MSTR) offers AI-powered enterprise analytics software and services, and various support, consulting, and educational services. The company is also involved in Bitcoin development. In July, at a conference, founder and executive chairman, Michael Saylor, was vocal about his bullish outlook on Bitcoin. Saylor shared his belief that Bitcoin could reach a price of $13 million by 2045, in what he described as his base case scenario.

Saylor also outlined a more optimistic scenario, suggesting that Bitcoin could rise to $49 million and account for as much as 22% of global wealth. On the flip side, he presented a bear case in which Bitcoin might only reach $3 million, making up 2% of global wealth. The company’s commitment to Bitcoin has continued to grow, with the company actively increasing its holdings over the past few quarters. This aggressive acquisition strategy is part of a broader vision that Saylor refers to as the “21/21 Plan.”

In October, Saylor announced a new phase of this plan, which involves raising $42 billion over the next three years to fund further Bitcoin purchases. Half of the funds would be raised through new at-the-market offerings of company shares, while the other half would come from new fixed-income offerings, primarily in the form of convertible debt.

Saylor’s plan reflects his belief that we are currently in the midst of what he describes as a decade-long Bitcoin “gold rush.” As part of this vision, MicroStrategy (NASDAQ:MSTR) aims to transform itself from an enterprise software company into what Saylor now calls a “Bitcoin Treasury Company” or BTC.