Jim Cramer on Strategy Inc: “If We Want to Have Bitcoin Exposure, We Buy Bitcoin”

TV host Jim Cramer advised investors to buy Bitcoin directly rather than using Strategy Inc (formerly MicroStrategy) for Bitcoin exposure, calling MSTR “too derivative.” He reiterated that Strategy functions as a leveraged bet on Bitcoin and noted it fell about 47.5% last year, arguing direct BTC ownership is a cleaner exposure. The commentary could pressure MSTR sentiment while supporting flows into spot or crypto products tied to Bitcoin. The piece reinforces the market narrative that some investors and commentators prefer direct crypto exposure over equity vehicles that add corporate and leverage risks.