It is a truism on the inventory market that no investor ought to ever put their eggs in a single basket — asset diversification is essential. But there are some mavericks who defy that piece of standard knowledge, and one placing instance is MicroStrategy (NASDAQ: MSTR) Co-Founder and Chairman Michael Saylor.Saylor is called being fairly the enthusiastic bull, a lot in order that he has geared his firm solely towards the shopping for and holding of Bitcoin (CRYPTO: BTC). Today, that is a profitable technique; in response to knowledge compiled by S&P World Market Intelligence, MicroStrategy inventory was up a full of life 25% in buying and selling this week.The Bitcoin believerWhen you are a fervent believer in a single asset, it is easy to develop an easy method to your corporation. For years now, MicroStrategy’s overarching objective has been at all times to purchase extra Bitcoin.To that finish, it made a giant buy on Monday simply after closing an $800 million challenge of convertible senior notes, which mature in 2030 (if not transformed) and had been offered to an unspecified variety of institutional consumers.The corporate wasted little time loading up on extra Bitcoin, buying 12,000 of the favored cryptocurrency at a value of round $72,000 apiece. Because the tough math on these figures comes out to $864 million, it is obvious a lot of this got here from the notes challenge.Hardly taking a breath to decelerate, on Wednesday MicroStrategy introduced one other flotation of convertible notes. These are due in 2031 if not transformed, and the dimensions of this challenge is a relatively modest $500 million. In what got here as a shock to nobody, MicroStrategy mentioned the funds are for use to purchase extra Bitcoin and for “normal company functions.”Going alongside for the rideThe remainder of the investing world has these days been on a MicroStrategy-like quest to snap up as a lot Bitcoin as doable. Fueled by favorable financial developments and the stampeding recognition of spot Bitcoin exchange-traded funds (ETFs), the cryptocurrency has lately set new value data. It is no marvel traders are so bullish on MicroStrategy too.Story continuesShould you make investments $1,000 in MicroStrategy proper now?Before you purchase inventory in MicroStrategy, contemplate this:The Motley Idiot Inventory Advisor analyst group simply recognized what they imagine are the 10 greatest shares for traders to purchase now… and MicroStrategy wasn’t certainly one of them. The ten shares that made the minimize might produce monster returns within the coming years.Inventory Advisor offers traders with an easy-to-follow blueprint for achievement, together with steering on constructing a portfolio, common updates from analysts, and two new inventory picks every month. The Inventory Advisor service has greater than tripled the return of S&P 500 since 2002*.See the ten shares*Inventory Advisor returns as of March 11, 2024Eric Volkman has positions in Bitcoin. The Motley Idiot has positions in and recommends Bitcoin. The Motley Idiot has a disclosure coverage.Why MicroStrategy Inventory Skyrocketed by 25% This Week was initially printed by The Motley Idiot