What I’m holding right now is $BTC plus $MSTR , along with a few altcoins. The first two aren’t mutually exclusive.
If MSTR trades at a discount, I’ll buy it; if not, I’ll keep holding BTC.
I could also trade the swings: when MSTR’s premium gets a certain number of times higher, I’ll switch to BTC. I think arbitraging the exchange rate between MSTR and BTC is a pretty good strategy.