MicroStrategy / Strategy (MSTR) — BTC proxy

Risk notes

TAX-EFFICIENT crypto exposure: a listed US STOCK (leveraged Bitcoin treasury), so India taxes it as FOREIGN EQUITY 12.5% LTCG (>24mo) — NOT crypto's 30% VDA + 1% TDS. Losses offsettable. Buyable on INDmoney. Reality: it's leveraged BTC — even MORE volatile than Bitcoin (can fall 70-80%), single-company + debt risk. Purest Bitcoin upside at equity tax rate, but treat as a small high-conviction sleeve. Verified: practitioner consensus §112 (Vested, INDmoney tax guides).