The Fundamental Problem With MicroStrategy's Bitcoin-Buying Plan

One of the hottest tech stocks in recent years has been MicroStrategy (MSTR 0.65%), which has rebranded itself as just Strategy. And a huge reason for its rally has been due to its bullish position on Bitcoin (BTC -0.06%) and its continual stockpiling of the digital currency. With the cryptocurrency soaring in value in recent years and breaching the $100,000 mark, Strategy has benefited from that excitement. But there's a fundamental problem with this approach. While it seems like a …